1 week Ago By ABMN Staff
Farmers & Merchants Investments Inc. grew its stake in Jackson Financial Inc. ( NYSE:JXN – Free Report ) by 2,173.
9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,046 shares of the company’s stock after purchasing an additional 1,000 shares during the period. Farmers & Merchants Investments Inc.
’s holdings in Jackson Financial were worth $78,000 as of its most recent filing with the Securities and Exchange Commission. A number of other hedge funds have also modified their holdings of JXN. Asset Allocation Strategies LLC boosted its stake in shares of Jackson Financial by 0.
6% in the 2nd quarter. Asset Allocation Strategies LLC now owns 18,926 shares of the company’s stock valued at $1,405,000 after purchasing an additional 119 shares in the last quarter. GAMMA Investing LLC grew its stake in Jackson Financial by 47.
0% during the first quarter. GAMMA Investing LLC now owns 482 shares of the company’s stock worth $32,000 after buying an additional 154 shares during 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 worth $739,000 after buying an additional 199 shares in the last quarter. Hexagon Capital Partners LLC raised its stake in shares of Jackson Financial by 18.
1% in the first quarter. Hexagon Capital Partners LLC now owns 1,532 shares of the company’s stock valued at $101,000 after acquiring an additional 235 shares during the last quarter. Finally, Nomura Asset Management Co.
Ltd. boosted its holdings in shares of Jackson Financial by 18.0% in the 4th quarter.
Nomura Asset Management Co. Ltd. now owns 1,640 shares of the company’s stock worth $84,000 after acquiring an additional 250 shares in the last quarter.
89.96% of the stock is owned by institutional investors and hedge funds. Jackson Financial Stock Performance Shares of NYSE:JXN opened at $81.
20 on Friday. 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 Inc.
has a 1-year low of $35.27 and a 1-year high of $90.10.
The stock has a market capitalization of $6.19 billion, a P/E ratio of 2.14 and a beta of 1.
50. The business has a 50-day moving average price of $82.30 and a two-hundred day moving average price of $72.
80. Jackson Financial Announces Dividend The firm 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 dividend of $0.
70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.
45%. The ex-dividend date is Thursday, September 5th. Jackson Financial’s payout ratio is 7.
40%. Analyst Upgrades and Downgrades A number of equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods raised their price target on Jackson Financial from $80.
00 to $82.00 and gave the company a “market perform” rating in a report on Wednesday, August 14th. Morgan Stanley lifted their price target on Jackson Financial from $86.
00 to $89.00 and gave the company an “equal weight” rating in a report on Monday, August 19th. Barclays started coverage on shares of Jackson Financial in a report on Wednesday.
They set an “overweight” rating and a $109.00 price objective on the stock. Evercore ISI dropped their target price on shares of 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, Jefferies Financial Group increased their price target on shares of Jackson Financial from $73.
00 to $80.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company.
Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $80.00.
Read Our Latest Research Report on Jackson Financial Jackson Financial Profile ( Free Report ) 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.
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