Jackson Financial Inc. $JXN Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its position in Jackson Financial Inc. (NYSE:JXN) by 2.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,445,296 shares of the company’s stock after selling 260,834 shares during the quarter. Vanguard Group Inc. owned 0.14% of Jackson Financial worth $956,147,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Denali Advisors LLC raised its holdings in shares of Jackson Financial by 1.8% in the 3rd quarter. Denali Advisors LLC now owns 70,700 shares of the company’s stock valued at $7,157,000 after purchasing an additional 1,254 shares in the last quarter. Shell Asset Management Co. increased its holdings in Jackson Financial by 10.8% in the third quarter. Shell Asset Management Co. now owns 2,167 shares of the company’s stock valued at $219,000 after buying an additional 211 shares during the last quarter. Four Tree Island Advisory LLC raised its stake in Jackson Financial by 3.4% in the third quarter. Four Tree Island Advisory LLC now owns 223,947 shares of the company’s stock valued at $21,295,000 after buying an additional 7,394 shares in the last quarter. Assetmark Inc. lifted its holdings in Jackson Financial by 6.8% during the 3rd quarter. Assetmark Inc. now owns 94,894 shares of the company’s stock worth $9,606,000 after buying an additional 6,008 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its position in shares of Jackson Financial by 9.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 301,957 shares of the company’s stock worth $30,567,000 after acquiring an additional 25,927 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Analyst Ratings Changes

JXN has been the topic of several research analyst reports. Morgan Stanley set a $105.00 target price on Jackson Financial in a research report on Monday, December 15th. Evercore set a $118.00 price target on shares of Jackson Financial and gave the company an “in-line” rating in a research note on Tuesday, January 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of Jackson Financial in a report on Monday, December 29th. Finally, Barclays restated an “overweight” rating and issued a $137.00 target price on shares of Jackson Financial in a 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 assigned a Hold rating to the stock. According to MarketBeat.com, Jackson Financial presently has a consensus rating of “Hold” and a consensus target price of $113.00.

Jackson Financial Trading Up 1.8%

JXN opened at $115.74 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.47. Jackson Financial Inc. has a 52 week low of $64.70 and a 52 week high of $123.61. The business’s 50 day moving average is $112.99 and its two-hundred day moving average is $102.90. The firm has a market cap of $7.87 billion, a price-to-earnings ratio of -330.68 and a beta of 1.45.

Jackson Financial (NYSE:JXN) last announced its earnings results on Wednesday, February 18th. The company reported $6.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.90 by $0.71. The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.92 billion. The business’s revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the business posted $4.65 earnings per share. On average, research analysts predict that Jackson Financial Inc. will post 20.55 EPS for the current 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 dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Monday, March 16th. This is an increase from Jackson Financial’s previous quarterly dividend of $0.80. Jackson Financial’s payout ratio is -1,028.57%.

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.