UBS Group AG Sells 21,480 Shares of Jackson Financial Inc. $JXN

UBS Group AG lessened its stake in Jackson Financial Inc. (NYSE:JXN) by 15.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 119,828 shares of the company’s stock after selling 21,480 shares during the quarter. UBS Group AG owned approximately 0.18% of Jackson Financial worth $12,780,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC lifted its stake in Jackson Financial by 33.2% in the first quarter. Integrated Wealth Concepts LLC now owns 5,471 shares of the company’s stock valued at $458,000 after acquiring an additional 1,363 shares during the last quarter. Woodline Partners LP acquired a new stake in shares of Jackson Financial during the 1st quarter worth about $4,081,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Jackson Financial by 3.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 210,836 shares of the company’s stock worth $17,664,000 after buying an additional 7,380 shares during the period. EverSource Wealth Advisors LLC grew its stake in Jackson Financial by 55.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 911 shares of the company’s stock valued at $81,000 after buying an additional 325 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in Jackson Financial in the 2nd quarter valued at about $986,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Jackson Financial Price Performance

Shares of Jackson Financial stock opened at $111.13 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $7.82 billion, a price-to-earnings ratio of -18.19 and a beta of 1.39. Jackson Financial Inc. has a twelve month low of $78.76 and a twelve month high of $123.61. The company has a 50-day simple moving average of $107.91 and a two-hundred day simple moving average of $107.19.

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

Jackson Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Thursday, June 11th. Jackson Financial’s dividend payout ratio is -58.92%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on JXN. Weiss Ratings cut shares of Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday. Keefe, Bruyette & Woods upped their target price on Jackson Financial from $120.00 to $125.00 and gave the company a “market perform” rating in a research report on Wednesday. Wall Street Zen lowered Jackson Financial from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Finally, Barclays dropped their price target on Jackson Financial from $138.00 to $136.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus 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.