Innealta Capital LLC Has $336,000 Position in Jackson Financial Inc. $JXN

Innealta Capital LLC grew its position in shares of Jackson Financial Inc. (NYSE:JXN) by 49.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,785 shares of the company’s stock after purchasing an additional 1,259 shares during the quarter. Innealta Capital LLC’s holdings in Jackson Financial were worth $336,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Brooklyn Investment Group grew its holdings in Jackson Financial by 987.0% during the 1st quarter. Brooklyn Investment Group now owns 500 shares of the company’s stock worth $42,000 after acquiring an additional 454 shares during the last quarter. Sound Income Strategies LLC increased its holdings in Jackson Financial by 1,342.9% in the second quarter. Sound Income Strategies LLC now owns 505 shares of the company’s stock valued at $45,000 after purchasing an additional 470 shares during the period. Banque Transatlantique SA bought a new position in Jackson Financial during the 1st quarter worth $46,000. Hantz Financial Services Inc. raised its position in Jackson Financial by 62.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 558 shares of the company’s stock worth $50,000 after purchasing an additional 215 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in Jackson Financial during the 1st quarter worth about $67,000. 89.96% of the stock is currently owned by institutional investors.

Jackson Financial Price Performance

Jackson Financial stock opened at $91.79 on Friday. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 12.70 and a beta of 1.45. Jackson Financial Inc. has a 52-week low of $64.70 and a 52-week high of $115.22. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.28 and a current ratio of 0.27. The stock’s 50 day moving average price is $98.65 and its two-hundred day moving average price is $90.58.

Jackson Financial (NYSE:JXN) last released its earnings results on Wednesday, March 22nd. The company reported $6.26 earnings per share (EPS) for the quarter. The company had revenue of ($1,162.00) million for the quarter. Jackson Financial had a net margin of 1.73% and a return on equity of 15.73%. On average, equities analysts predict that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial declared that its Board of Directors has authorized a share repurchase program on Thursday, September 18th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 14.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Jackson Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be issued a $0.80 dividend. The ex-dividend date is Thursday, December 4th. This represents a $3.20 annualized dividend and a yield of 3.5%. Jackson Financial’s dividend payout ratio is presently 44.26%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Morgan Stanley raised their price objective on Jackson Financial from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Jefferies Financial Group increased their target price on shares of Jackson Financial from $88.00 to $95.00 and gave the company a “hold” rating in a research report on Monday, August 11th. Evercore ISI boosted their price target on shares of Jackson Financial from $100.00 to $110.00 and gave the stock an “underperform” rating in a research report on Thursday, October 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Jackson Financial in a research report on Wednesday, October 8th. Finally, Barclays lifted their target price on shares of Jackson Financial from $125.00 to $128.00 and gave the stock an “overweight” rating in a research note on Wednesday. One research 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 stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $109.80.

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.