Quest Partners LLC Has $258,000 Stock Position in Jackson Financial Inc. (NYSE:JXN)

Quest Partners LLC reduced its position in shares of Jackson Financial Inc. (NYSE:JXN) by 20.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,481 shares of the company’s stock after selling 910 shares during the quarter. Quest Partners LLC’s holdings in Jackson Financial were worth $258,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Hantz Financial Services Inc. acquired a new position in Jackson Financial during the 2nd quarter worth approximately $25,000. EverSource Wealth Advisors LLC raised its stake in Jackson Financial by 400.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 395 shares of the company’s stock worth $27,000 after buying an additional 316 shares during the period. GAMMA Investing LLC raised its stake in Jackson Financial by 47.0% during the 1st quarter. GAMMA Investing LLC now owns 482 shares of the company’s stock worth $32,000 after buying an additional 154 shares during the period. Valued Wealth Advisors LLC acquired a new position in Jackson Financial during the 1st quarter worth approximately $66,000. Finally, CWM LLC raised its stake in Jackson Financial by 80.5% during the 2nd quarter. CWM LLC now owns 1,025 shares of the company’s stock worth $76,000 after buying an additional 457 shares during the period. 89.96% of the stock is owned by institutional investors and hedge funds.

Jackson Financial Stock Performance

Shares of Jackson Financial stock opened at $83.60 on Friday. The business’s fifty day simple moving average is $82.91 and its 200 day simple moving average is $73.97. The firm has a market capitalization of $6.29 billion, a P/E ratio of 2.21 and a beta of 1.50. Jackson Financial Inc. has a 12 month low of $35.27 and a 12 month high of $90.10. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.42.

Jackson Financial (NYSE:JXN) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $5.32 EPS for the quarter, topping analysts’ consensus estimates of $4.32 by $1.00. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.71 billion. The business’s revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the business posted $3.34 earnings per share. As a group, analysts anticipate that Jackson Financial Inc. will post 18.49 EPS for the current year.

Jackson Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Thursday, September 5th. Jackson Financial’s dividend payout ratio is currently 7.40%.

Analysts Set New Price Targets

Several analysts have recently commented on JXN shares. Jefferies Financial Group increased their price objective on Jackson Financial from $73.00 to $80.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Morgan Stanley increased their price objective on Jackson Financial from $86.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Monday, August 19th. Barclays started coverage on Jackson Financial in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $109.00 price objective for the company. Evercore ISI lowered their price objective on Jackson Financial from $75.00 to $73.00 and set an “in-line” rating for the company in a research note on Wednesday, June 26th. Finally, Keefe, Bruyette & Woods increased their price objective on Jackson Financial from $80.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 14th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $80.00.

Jackson Financial Company Profile

Jackson Financial Inc, through its subsidiaries, provides suite of annuities to retail investors in the United States. The company operates through three segments: Retail Annuities, Institutional Products, and Closed Life and Annuity Blocks. The Retail Annuities segment offers various retirement income and savings products, including variable, fixed index, fixed, and payout annuities, as well as registered index-linked annuities and lifetime income solutions.