Nisa Investment Advisors LLC Sells 104,771 Shares of Jackson Financial Inc. $JXN

Nisa Investment Advisors LLC lowered its position in Jackson Financial Inc. (NYSE:JXN) by 96.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,603 shares of the company’s stock after selling 104,771 shares during the period. Nisa Investment Advisors LLC’s holdings in Jackson Financial were worth $365,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in JXN. Twin Peaks Wealth Advisors LLC purchased a new stake in Jackson Financial in the second quarter worth $30,000. Salomon & Ludwin LLC purchased a new position in Jackson Financial during the third quarter valued at $34,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Jackson Financial by 111.6% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 438 shares of the company’s stock valued at $39,000 after buying an additional 231 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in shares of Jackson Financial by 1,342.9% during the 2nd quarter. Sound Income Strategies LLC now owns 505 shares of the company’s stock valued at $45,000 after buying an additional 470 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its position in shares of Jackson Financial by 62.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 558 shares of the company’s stock worth $50,000 after buying an additional 215 shares during the period. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Jackson Financial Trading Down 1.2%

NYSE:JXN opened at $113.44 on Friday. The stock has a market cap of $7.71 billion, a price-to-earnings ratio of 15.69 and a beta of 1.44. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.47. The company’s 50 day moving average price is $103.50 and its 200-day moving average price is $97.87. Jackson Financial Inc. has a 52 week low of $64.70 and a 52 week high of $118.18.

Jackson Financial (NYSE:JXN) last released its quarterly earnings data on Tuesday, November 4th. The company reported $6.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.10 by $1.06. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period last year, the company posted $4.60 earnings per share. The business’s revenue was down 33.2% compared to the same quarter last year. On average, equities research analysts forecast that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, December 4th. Jackson Financial’s dividend payout ratio is presently 44.26%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Evercore ISI set a $118.00 price target on shares of Jackson Financial and gave the company an “in-line” rating in a research report on Tuesday, January 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jackson Financial in a research note on Monday, December 29th. Keefe, Bruyette & Woods lifted their target price on shares of Jackson Financial from $105.00 to $110.00 and gave the company a “market perform” rating in a report on Thursday, October 9th. Zacks Research upgraded Jackson Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. Finally, Barclays reaffirmed an “overweight” rating and set a $137.00 price objective on shares of Jackson Financial in a research report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $113.00.

Jackson Financial Company Profile

Jackson Financial Inc is a U.S.-based financial services holding company headquartered in Lansing, Michigan. The company operates primarily through its principal subsidiary, Jackson National Life Insurance Company, and specializes in designing and distributing retirement products. Jackson Financial has been publicly traded on the New York Stock Exchange under the ticker JXN since its initial public offering in May 2022.

The company’s core offerings include a broad range of fixed, variable and indexed annuity products aimed at helping individuals preserve and grow retirement assets.