Jupiter Asset Management Ltd. Reduces Stake in Jackson Financial Inc. (NYSE:JXN)

Jupiter Asset Administration Ltd. trimmed its stake in Jackson Monetary Inc. (NYSE:JXN – Free Report) by 19.7% throughout the first quarter, in line with the corporate in its most up-to-date Type 13F submitting with the Securities & Alternate Fee. The fund owned 26,636 shares of the corporate’s inventory after promoting 6,546 shares throughout the quarter. Jupiter Asset Administration Ltd.’s holdings in Jackson Monetary had been price $996,000 as of its most up-to-date submitting with the Securities & Alternate Fee.

Numerous different hedge funds and different institutional buyers have additionally just lately added to or decreased their stakes in JXN. JPMorgan Chase & Co. boosted its stake in Jackson Monetary by 0.7% within the first quarter. JPMorgan Chase & Co. now owns 92,635 shares of the corporate’s inventory valued at $4,098,000 after buying a further 662 shares over the past quarter. Raymond James & Associates boosted its stake in Jackson Monetary by 19.5% within the first quarter. Raymond James & Associates now owns 34,968 shares of the corporate’s inventory valued at $1,547,000 after buying a further 5,699 shares over the past quarter. Sei Investments Co. bought a brand new place in Jackson Monetary within the first quarter valued at about $346,000. Canada Pension Plan Funding Board bought a brand new place in Jackson Monetary within the first quarter valued at about $402,000. Lastly, Penserra Capital Administration LLC bought a brand new place in Jackson Monetary within the first quarter valued at about $108,000. 76.51% of the inventory is presently owned by hedge funds and different institutional buyers.

Insider Exercise

In different information, CEO Scott Romine bought 5,000 shares of the corporate’s inventory in a transaction on Monday, August 14th. The shares had been bought at a median worth of $35.07, for a complete worth of $175,350.00. Following the completion of the sale, the chief government officer now owns 78,217 shares of the corporate’s inventory, valued at roughly $2,743,070.19. The sale was disclosed in a submitting with the Securities & Alternate Fee, which is accessible by means of the SEC web site. 1.70% of the inventory is owned by company insiders.

Analysts Set New Value Targets

JXN has been the subject of quite a few latest analysis experiences. Morgan Stanley dropped their worth goal on shares of Jackson Monetary from $35.00 to $33.00 and set an “equal weight” score on the inventory in a analysis notice on Wednesday, August ninth. TheStreet upgraded shares of Jackson Monetary from a “d+” score to a “c-” score in a analysis notice on Monday.

Learn Our Newest Analysis Report on Jackson Monetary

Jackson Monetary Inventory Efficiency

Jackson Monetary inventory opened at $33.52 on Friday. The agency’s 50 day easy transferring common is $31.75 and its 200 day easy transferring common is $35.48. The corporate has a present ratio of 0.33, a fast ratio of 0.33 and a debt-to-equity ratio of 0.52. The agency has a market capitalization of $2.77 billion, a PE ratio of seven.53 and a beta of 1.47. Jackson Monetary Inc. has a 1-year low of $26.70 and a 1-year excessive of $49.60.

Jackson Monetary (NYSE:JXN – Get Free Report) final posted its earnings outcomes on Tuesday, August eighth. The corporate reported $3.34 earnings per share for the quarter, lacking analysts’ consensus estimates of $3.78 by ($0.44). The corporate had income of $1.91 billion for the quarter, in comparison with analyst estimates of $1.60 billion. The corporate’s income for the quarter was down 1.1% in comparison with the identical quarter final yr. Throughout the identical quarter within the earlier yr, the enterprise earned $2.52 earnings per share. As a gaggle, analysts anticipate that Jackson Monetary Inc. will put up 14.2 earnings per share for the present fiscal yr.

Jackson Monetary Dividend Announcement

The enterprise additionally just lately declared a quarterly dividend, which might be paid on Thursday, September 14th. Stockholders of report on Thursday, August thirty first might be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized foundation and a dividend yield of seven.40%. The ex-dividend date is Wednesday, August thirtieth. Jackson Monetary’s payout ratio is 55.73%.

Jackson Monetary Firm Profile

(Free Report)

Jackson Monetary Inc, by means of its subsidiaries, primarily offers a set of annuities to retail buyers in america. The corporate operates by means of three segments: Retail Annuities, Institutional Merchandise, and Closed Life and Annuity Blocks. The Retail Annuities section presents numerous retirement revenue and financial savings merchandise, together with variable, mounted index, mounted, and payout annuities, in addition to registered index-linked annuities and lifelong revenue options.

See Additionally

Institutional Ownership by Quarter for Jackson Financial (NYSE:JXN)

This prompt information alert was generated by narrative science know-how and monetary information from MarketBeat in an effort to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

Earlier than you think about Jackson Monetary, you will need to hear this.

MarketBeat retains monitor of Wall Avenue’s top-rated and greatest performing analysis analysts and the shares they advocate to their shoppers every day. MarketBeat has recognized the 5 shares that prime analysts are quietly whispering to their shoppers to purchase now earlier than the broader market catches on… and Jackson Monetary wasn’t on the listing.

Whereas Jackson Monetary presently has a “Maintain” score amongst analysts, top-rated analysts imagine these 5 shares are higher buys.

View The 5 Shares Right here

Metaverse Stocks And Why You Can't Ignore Them Cover

Occupied with investing in Meta, Roblox, or Unity? Click on the hyperlink to be taught what streetwise buyers must know in regards to the metaverse and public markets earlier than investing.

Get This Free Report

admin

Leave a Reply

Your email address will not be published. Required fields are marked *