Jackson Financial Inc. $JXN Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. cut its holdings in Jackson Financial Inc. (NYSE:JXN) by 26.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,615 shares of the company’s stock after selling 3,788 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Jackson Financial were worth $943,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Raiffeisen Bank International AG increased its stake in Jackson Financial by 11.7% in the first quarter. Raiffeisen Bank International AG now owns 1,270 shares of the company’s stock valued at $106,000 after purchasing an additional 133 shares during the period. Triumph Capital Management increased its stake in Jackson Financial by 3.6% in the second quarter. Triumph Capital Management now owns 3,990 shares of the company’s stock valued at $354,000 after purchasing an additional 138 shares during the period. CWM LLC increased its stake in Jackson Financial by 7.9% in the first quarter. CWM LLC now owns 1,975 shares of the company’s stock valued at $165,000 after purchasing an additional 145 shares during the period. Tcfg Wealth Management LLC increased its stake in Jackson Financial by 3.5% in the second quarter. Tcfg Wealth Management LLC now owns 4,356 shares of the company’s stock valued at $387,000 after purchasing an additional 149 shares during the period. Finally, Xponance Inc. increased its stake in Jackson Financial by 2.5% in the first quarter. Xponance Inc. now owns 6,738 shares of the company’s stock valued at $565,000 after purchasing an additional 166 shares during the period. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Jackson Financial Trading Up 1.7%

Shares of JXN opened at $96.16 on Friday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.46. The firm’s 50-day moving average is $98.14 and its two-hundred day moving average is $88.13. Jackson Financial Inc. has a twelve month low of $64.70 and a twelve month high of $115.22. The firm has a market capitalization of $6.70 billion, a P/E ratio of -1,602.37 and a beta of 1.45.

Jackson Financial (NYSE:JXN) last issued its earnings results on Wednesday, March 22nd. The company reported $6.26 earnings per share for the quarter. Jackson Financial had a net margin of 1.73% and a return on equity of 14.73%. The company had revenue of ($1,162.00) million for the quarter. On average, research analysts predict that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial declared that its Board of Directors has authorized a stock repurchase program on Thursday, September 18th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 14.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Jackson Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Monday, September 15th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 3.3%. The ex-dividend date was Monday, September 15th. Jackson Financial’s dividend payout ratio is presently -5,333.33%.

Analysts Set New Price Targets

A number of research analysts have commented on JXN shares. Morgan Stanley lifted their price objective on shares of Jackson Financial from $97.00 to $106.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. Jefferies Financial Group boosted their price target on shares of Jackson Financial from $88.00 to $95.00 and gave the stock a “hold” rating in a research note on Monday, August 11th. Keefe, Bruyette & Woods boosted their price target on shares of Jackson Financial from $105.00 to $110.00 and gave the stock a “market perform” rating in a research note on Thursday, October 9th. Barclays boosted their price target on shares of Jackson Financial from $118.00 to $125.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Jackson Financial in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $109.20.

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.