Jackson Financial Inc. $JXN Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lessened its holdings in shares of Jackson Financial Inc. (NYSE:JXNFree Report) by 7.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 985,573 shares of the company’s stock after selling 81,794 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Jackson Financial were worth $105,111,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JXN. Victory Capital Management Inc. boosted its holdings in shares of Jackson Financial by 12.2% in the third quarter. Victory Capital Management Inc. now owns 601,151 shares of the company’s stock valued at $60,855,000 after acquiring an additional 65,202 shares during the period. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Jackson Financial in the third quarter valued at approximately $1,255,000. Kingsview Wealth Management LLC acquired a new stake in shares of Jackson Financial in the third quarter valued at approximately $3,373,000. NewSquare Capital LLC boosted its holdings in shares of Jackson Financial by 343,300.0% in the third quarter. NewSquare Capital LLC now owns 10,302 shares of the company’s stock valued at $1,043,000 after acquiring an additional 10,299 shares during the period. Finally, Horizon Investments LLC acquired a new stake in shares of Jackson Financial in the fourth quarter valued at approximately $2,638,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. 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. Wall Street Zen downgraded Jackson Financial from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Weiss Ratings downgraded Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th. Finally, Keefe, Bruyette & Woods increased 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. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $115.80.

View Our Latest Analysis on JXN

Jackson Financial Price Performance

Jackson Financial stock opened at $109.70 on Tuesday. Jackson Financial Inc. has a 12 month low of $82.07 and a 12 month high of $123.61. 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 simple moving average of $108.40 and a 200-day simple moving average of $109.02. The stock has a market capitalization of $7.65 billion, a PE ratio of -17.95 and a beta of 1.32.

Jackson Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Thursday, June 11th. Jackson Financial’s dividend payout ratio is -58.92%.

About Jackson Financial

(Free Report)

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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Institutional Ownership by Quarter for Jackson Financial (NYSE:JXN)

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