Jackson Financial Inc. $JXN Shares Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC lifted its holdings in shares of Jackson Financial Inc. (NYSE:JXNFree Report) by 96.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 166,794 shares of the company’s stock after acquiring an additional 81,970 shares during the period. Squarepoint Ops LLC’s holdings in Jackson Financial were worth $17,078,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allworth Financial LP grew its holdings in Jackson Financial by 404.0% in the 3rd quarter. Allworth Financial LP now owns 252 shares of the company’s stock valued at $26,000 after buying an additional 202 shares during the period. Rothschild Investment LLC lifted its holdings in shares of Jackson Financial by 79.9% during the 4th quarter. Rothschild Investment LLC now owns 322 shares of the company’s stock worth $34,000 after acquiring an additional 143 shares during the period. Signature Equity Partners LLC purchased a new stake in Jackson Financial in the first quarter valued at approximately $38,000. Advisory Services Network LLC acquired a new position in shares of Jackson Financial in the 3rd quarter valued at $37,000. Finally, Employees Retirement System of Texas acquired a new stake in shares of Jackson Financial during the 3rd quarter worth $38,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Insider Activity at Jackson Financial

In other news, CEO Christopher Raub sold 5,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $130.69, for a total transaction of $653,450.00. Following the transaction, the chief executive officer directly owned 42,160 shares of the company’s stock, valued at approximately $5,509,890.40. This trade represents a 10.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Carrie Chelko sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $134.24, for a total value of $1,006,800.00. Following the completion of the sale, the executive vice president owned 80,914 shares of the company’s stock, valued at $10,861,895.36. This trade represents a 8.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.40% of the stock is currently owned by company insiders.

Jackson Financial Stock Up 1.3%

JXN stock opened at $138.37 on Thursday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.53. The firm has a 50 day simple moving average of $126.77 and a 200-day simple moving average of $114.56. The company has a market capitalization of $9.37 billion, a P/E ratio of 194.89 and a beta of 1.30. Jackson Financial Inc. has a twelve month low of $89.67 and a twelve month high of $140.88.

Jackson Financial (NYSE:JXNGet Free Report) last released its earnings results on Monday, August 3rd. The company reported $7.30 EPS for the quarter, topping analysts’ consensus estimates of $5.72 by $1.58. Jackson Financial had a return on equity of 18.93% and a net margin of 1.59%.The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.91 billion.

Jackson Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Tuesday, September 15th will be paid a $0.90 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $3.60 annualized dividend and a dividend yield of 2.6%. Jackson Financial’s dividend payout ratio (DPR) is presently 507.04%.

Analysts Set New Price Targets

JXN has been the topic of a number of research reports. Weiss Ratings upgraded Jackson Financial from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 4th. Barclays increased their target price on shares of Jackson Financial from $139.00 to $149.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Wall Street Zen raised shares of Jackson Financial from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Evercore set a $135.00 price objective on shares of Jackson Financial in a research note on Wednesday, August 5th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Jackson Financial from $130.00 to $140.00 and gave the company a “market perform” rating in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Jackson Financial has an average rating of “Moderate Buy” and an average price target of $133.80.

Read Our Latest Stock Analysis on JXN

Jackson Financial Company Profile

(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.

See Also

Want to see what other hedge funds are holding JXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jackson Financial Inc. (NYSE:JXNFree Report).

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

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