Natixis Advisors LLC Boosts Holdings in Jackson Financial Inc. (NYSE:JXN)

Natixis Advisors LLC grew its position in Jackson Financial Inc. (NYSE:JXN) by 10.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,556 shares of the company’s stock after purchasing an additional 1,621 shares during the quarter. Natixis Advisors LLC’s holdings in Jackson Financial were worth $1,510,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in JXN. Asset Allocation Strategies LLC grew its stake in Jackson Financial by 0.6% during the 2nd quarter. Asset Allocation Strategies LLC now owns 18,926 shares of the company’s stock worth $1,405,000 after buying an additional 119 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of Jackson Financial by 1.2% during the second quarter. Private Advisor Group LLC now owns 14,962 shares of the company’s stock valued at $1,111,000 after acquiring an additional 178 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Jackson Financial by 2.0% during the second quarter. International Assets Investment Management LLC now owns 9,954 shares of the company’s stock valued at $739,000 after acquiring an additional 199 shares in the last quarter. Blue Trust Inc. raised its position in shares of Jackson Financial by 232.1% in the 3rd quarter. Blue Trust Inc. now owns 372 shares of the company’s stock valued at $34,000 after purchasing an additional 260 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its stake in Jackson Financial by 3.0% in the 2nd quarter. QRG Capital Management Inc. now owns 9,089 shares of the company’s stock worth $675,000 after purchasing an additional 264 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Jackson Financial Stock Up 1.3 %

Shares of JXN stock opened at $103.22 on Tuesday. The stock has a 50 day moving average of $98.02 and a 200 day moving average of $85.78. The stock has a market cap of $7.62 billion, a P/E ratio of -8.06 and a beta of 1.48. Jackson Financial Inc. has a twelve month low of $46.05 and a twelve month high of $115.22. 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 announced its quarterly earnings results on Wednesday, November 6th. The company reported $4.60 earnings per share for the quarter, missing the consensus estimate of $4.67 by ($0.07). The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the previous year, the company posted $3.80 EPS. As a group, sell-side analysts expect that Jackson Financial Inc. will post 18.8 EPS for the current year.

Jackson Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Thursday, December 5th. Jackson Financial’s dividend payout ratio is currently -22.15%.

Jackson Financial declared that its board has approved a stock repurchase program on Wednesday, August 7th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 10.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on JXN shares. Jefferies Financial Group raised their price target on shares of Jackson Financial from $73.00 to $80.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Morgan Stanley raised their target price 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. Keefe, Bruyette & Woods lifted their price target on Jackson Financial from $80.00 to $82.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 14th. Evercore ISI lowered Jackson Financial from an “in-line” rating to an “underperform” rating and increased their price objective for the company from $74.00 to $95.00 in a report on Thursday, November 14th. Finally, Barclays lifted their target price on Jackson Financial from $109.00 to $111.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $84.00.

Insider Buying and Selling

In related news, EVP Carrie Chelko sold 5,500 shares of Jackson Financial stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $91.31, for a total transaction of $502,205.00. Following the transaction, the executive vice president now owns 61,829 shares in the company, valued at approximately $5,645,605.99. This trade represents a 8.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.30% of the stock is currently owned by company insiders.

Jackson Financial 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.