Bessemer Group Inc. increased its holdings in shares of Jackson Financial Inc. (NYSE:JXN – Free Report) by 19,741.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 80,161 shares of the company’s stock after buying an additional 79,757 shares during the quarter. Bessemer Group Inc.’s holdings in Jackson Financial were worth $8,550,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in JXN. Allworth Financial LP lifted 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 period. Cullen Frost Bankers Inc. purchased a new position in Jackson Financial during the third quarter worth about $28,000. Optiver Holding B.V. lifted 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 period. Plato Investment Management Ltd purchased a new position in Jackson Financial during the fourth quarter worth about $35,000. Finally, Advisory Services Network LLC purchased a new position in Jackson Financial during the third quarter worth about $37,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts recently weighed in on JXN shares. Keefe, Bruyette & Woods increased their target price on Jackson Financial from $120.00 to $125.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 13th. Weiss Ratings downgraded Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. Barclays reduced their target price on Jackson Financial from $138.00 to $136.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Finally, Wall Street Zen downgraded Jackson Financial from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $115.80.
Jackson Financial Stock Performance
Shares of NYSE:JXN opened at $109.73 on Monday. 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 business has a 50-day moving average of $107.80 and a two-hundred day moving average of $107.26. Jackson Financial Inc. has a 12 month low of $78.76 and a 12 month high of $123.61.
Jackson Financial (NYSE:JXN – Get Free Report) last announced its quarterly 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 firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.92 billion. The business’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.65 earnings per share.
Jackson Financial Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th will be paid a dividend of $0.90 per share. The ex-dividend date is Thursday, June 11th. This represents a $3.60 annualized dividend and a yield of 3.3%. Jackson Financial’s dividend payout ratio is currently -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.
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