Gator Capital Management LLC Has $10.51 Million Position in Jackson Financial Inc. $JXN

Gator Capital Management LLC lessened its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 6.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,855 shares of the company’s stock after selling 6,795 shares during the quarter. Jackson Financial accounts for approximately 2.7% of Gator Capital Management LLC’s portfolio, making the stock its 11th largest position. Gator Capital Management LLC owned about 0.15% of Jackson Financial worth $10,513,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. bought a new position in shares of Jackson Financial in the third quarter valued at $28,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Jackson Financial during the second quarter worth about $30,000. Optiver Holding B.V. increased its position in shares of Jackson Financial by 469.2% during the third quarter. Optiver Holding B.V. now owns 296 shares of the company’s stock worth $30,000 after acquiring an additional 244 shares in the last quarter. Bayforest Capital Ltd raised its holdings in shares of Jackson Financial by 541.2% in the 3rd quarter. Bayforest Capital Ltd now owns 327 shares of the company’s stock worth $33,000 after acquiring an additional 276 shares during the last quarter. Finally, Salomon & Ludwin LLC acquired a new stake in shares of Jackson Financial in the 3rd quarter worth about $34,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Analyst Upgrades and Downgrades

JXN has been the subject of a number of analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Jackson Financial in a research note on Monday, December 29th. Barclays restated an “overweight” rating and issued a $137.00 target price on shares of Jackson Financial in a report on Thursday, January 8th. Morgan Stanley set a $105.00 target price on Jackson Financial in a research report on Monday, December 15th. Wall Street Zen upgraded Jackson Financial from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Finally, Evercore set a $118.00 price target on Jackson Financial and gave the company an “in-line” rating in a research report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $113.00.

Jackson Financial Trading Down 2.4%

NYSE:JXN opened at $104.68 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a market cap of $7.40 billion, a price-to-earnings ratio of -299.08 and a beta of 1.46. Jackson Financial Inc. has a 52 week low of $64.70 and a 52 week high of $123.61. The firm has a 50-day moving average price of $113.85 and a two-hundred day moving average price of $104.42.

Jackson Financial (NYSE:JXN) last announced its earnings results on Wednesday, February 18th. The company reported $6.61 earnings per share for the quarter, topping analysts’ consensus estimates of $5.90 by $0.71. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.92 billion. Jackson Financial’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.65 EPS. On average, equities analysts expect that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Monday, March 16th will be given a $0.90 dividend. This is an increase from Jackson Financial’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Monday, March 16th. Jackson Financial’s payout ratio is presently -914.29%.

About Jackson Financial

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.