Blue Water Asset Management Takes Position in Jackson Financial Inc. $JXN

Blue Water Asset Management bought a new position in shares of Jackson Financial Inc. (NYSE:JXN) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 37,424 shares of the company’s stock, valued at approximately $3,991,000. Jackson Financial accounts for about 1.4% of Blue Water Asset Management’s portfolio, making the stock its 17th biggest holding. Blue Water Asset Management owned about 0.06% of Jackson Financial at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of JXN. Amundi increased its position in Jackson Financial by 1,446.4% during the third quarter. Amundi now owns 193,825 shares of the company’s stock worth $19,696,000 after acquiring an additional 181,291 shares during the period. Focus Partners Wealth bought a new position in Jackson Financial during the third quarter worth $15,812,000. Kennedy Capital Management LLC bought a new position in Jackson Financial during the third quarter worth $15,806,000. Two Sigma Investments LP increased its position in Jackson Financial by 97.7% during the third quarter. Two Sigma Investments LP now owns 232,624 shares of the company’s stock worth $23,549,000 after acquiring an additional 114,954 shares during the period. Finally, Cambria Investment Management L.P. increased its position in Jackson Financial by 1,431.6% during the third quarter. Cambria Investment Management L.P. now owns 97,270 shares of the company’s stock worth $9,847,000 after acquiring an additional 90,919 shares during the period. Institutional investors own 89.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Barclays dropped their target price on shares of Jackson Financial from $138.00 to $136.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Keefe, Bruyette & Woods boosted their target price on shares of Jackson Financial from $120.00 to $125.00 and gave the stock a “market perform” rating in a research report on Wednesday. Wall Street Zen lowered shares of Jackson Financial from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, Weiss Ratings lowered shares of Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Jackson Financial has an average rating of “Hold” and a consensus target price of $115.80.

Jackson Financial Trading Down 1.4%

Shares of Jackson Financial stock opened at $109.73 on Friday. The firm has a market capitalization of $7.65 billion, a PE ratio of -17.96 and a beta of 1.39. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.27 and a quick ratio of 0.27. The company’s fifty day moving average price is $107.80 and its two-hundred day moving average price is $107.21. Jackson Financial Inc. has a 52-week low of $78.76 and a 52-week high of $123.61.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $6.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.90 by $0.71. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.92 billion. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the firm earned $4.65 EPS.

Jackson Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Thursday, June 11th. Jackson Financial’s payout ratio is -58.92%.

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.