Jackson Financial Inc. $JXN Shares Sold by Easterly Investment Partners LLC

Easterly Investment Partners LLC trimmed its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 3.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 214,578 shares of the company’s stock after selling 6,613 shares during the quarter. Jackson Financial comprises approximately 1.4% of Easterly Investment Partners LLC’s holdings, making the stock its 5th largest holding. Easterly Investment Partners LLC’s holdings in Jackson Financial were worth $22,885,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Dimensional Fund Advisors LP lifted its stake in Jackson Financial by 0.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,994,949 shares of the company’s stock valued at $404,415,000 after acquiring an additional 18,249 shares during the period. American Century Companies Inc. lifted its stake in Jackson Financial by 0.3% during the 3rd quarter. American Century Companies Inc. now owns 1,516,935 shares of the company’s stock valued at $153,559,000 after acquiring an additional 4,559 shares during the period. Norges Bank acquired a new stake in Jackson Financial during the 4th quarter valued at approximately $129,878,000. LSV Asset Management lifted its stake in Jackson Financial by 5.8% during the 4th quarter. LSV Asset Management now owns 896,939 shares of the company’s stock valued at $95,659,000 after acquiring an additional 49,141 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of Jackson Financial by 12.2% in the 3rd quarter. Victory Capital Management Inc. now owns 601,151 shares of the company’s stock valued at $60,855,000 after buying an additional 65,202 shares during the period. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Jackson Financial Stock Performance

NYSE JXN opened at $102.93 on Monday. The stock has a market capitalization of $7.18 billion, a price-to-earnings ratio of -16.85 and a beta of 1.32. Jackson Financial Inc. has a twelve month low of $80.25 and a twelve month high of $123.61. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.49. The stock has a 50-day moving average of $107.85 and a 200 day moving average of $107.98.

Jackson Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be issued a $0.90 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $3.60 dividend on an annualized basis and a yield of 3.5%. Jackson Financial’s dividend payout ratio is presently -58.92%.

Analyst Ratings Changes

JXN has been the subject of several analyst reports. Barclays decreased their price objective on Jackson Financial from $138.00 to $136.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Keefe, Bruyette & Woods boosted their price objective on Jackson Financial from $120.00 to $125.00 and gave the company a “market perform” rating in a report on Wednesday, May 13th. Weiss Ratings cut Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th. Finally, Wall Street Zen cut Jackson Financial from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $115.80.

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.