Fox Run Management L.L.C. Has $1.96 Million Stake in Jackson Financial Inc. $JXN

Fox Run Management L.L.C. boosted its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 92.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,381 shares of the company’s stock after buying an additional 8,834 shares during the quarter. Fox Run Management L.L.C.’s holdings in Jackson Financial were worth $1,960,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Allworth Financial LP increased its position in Jackson Financial by 404.0% during the third quarter. Allworth Financial LP now owns 252 shares of the company’s stock worth $26,000 after buying an additional 202 shares during the last quarter. Optiver Holding B.V. increased its position in 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 buying an additional 244 shares during the last quarter. Rothschild Investment LLC increased its position in Jackson Financial by 79.9% during the fourth quarter. Rothschild Investment LLC now owns 322 shares of the company’s stock worth $34,000 after buying an additional 143 shares during the last quarter. Plato Investment Management Ltd acquired a new position in Jackson Financial during the fourth quarter worth $35,000. Finally, Advisory Services Network LLC acquired a new position in Jackson Financial during the third quarter worth $37,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Jackson Financial Stock Performance

NYSE JXN opened at $107.33 on Tuesday. The firm has a market cap of $7.49 billion, a price-to-earnings ratio of -17.57 and a beta of 1.32. The company has a 50 day moving average of $107.96 and a 200-day moving average of $108.52. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.49. Jackson Financial Inc. has a 1-year low of $80.25 and a 1-year high of $123.61.

Jackson Financial Dividend Announcement

The business 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 dividend yield of 3.4%. Jackson Financial’s dividend payout ratio (DPR) is currently -58.92%.

Analyst Upgrades and Downgrades

JXN has been the subject of a number of recent analyst reports. Barclays decreased their price target on shares of Jackson Financial from $138.00 to $136.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Wall Street Zen cut shares of Jackson Financial from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Weiss Ratings cut shares of Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Jackson Financial from $120.00 to $125.00 and gave the company a “market perform” rating in a report on Wednesday, May 13th. One equities research 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 MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $115.80.

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.