11,788 Shares in Jackson Financial Inc. $JXN Purchased by ARGA Investment Management LP

ARGA Investment Management LP acquired a new position in shares of Jackson Financial Inc. (NYSE:JXN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 11,788 shares of the company’s stock, valued at approximately $1,193,000.

Other institutional investors have also modified their holdings of the company. Twin Peaks Wealth Advisors LLC bought a new position in shares of Jackson Financial during the 2nd quarter valued at approximately $30,000. Bayforest Capital Ltd boosted its stake in Jackson Financial by 541.2% during the third quarter. Bayforest Capital Ltd now owns 327 shares of the company’s stock worth $33,000 after buying an additional 276 shares during the period. Salomon & Ludwin LLC bought a new position in Jackson Financial during the third quarter valued at $34,000. Pinnacle Bancorp Inc. purchased a new stake in shares of Jackson Financial in the third quarter valued at $34,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Jackson Financial by 111.6% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 438 shares of the company’s stock valued at $39,000 after acquiring an additional 231 shares during the period. 89.96% of the stock is owned by institutional investors.

Jackson Financial Price Performance

JXN opened at $113.31 on Friday. The company has a market capitalization of $7.70 billion, a price-to-earnings ratio of 15.67 and a beta of 1.44. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.47. Jackson Financial Inc. has a 12-month low of $64.70 and a 12-month high of $118.18. The business’s fifty day simple moving average is $105.45 and its 200-day simple moving average is $98.73.

Jackson Financial (NYSE:JXN) last released its quarterly earnings data on Tuesday, November 4th. The company reported $6.16 earnings per share for the quarter, topping analysts’ consensus estimates of $5.10 by $1.06. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.89 billion. The firm’s revenue was down 33.2% compared to the same quarter last year. During the same period last year, the company earned $4.60 earnings per share. On average, equities research analysts anticipate that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, December 4th. Jackson Financial’s dividend payout ratio (DPR) is presently 44.26%.

Analysts Set New Price Targets

Several analysts have issued reports on JXN shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Jackson Financial in a research note on Monday, December 29th. Morgan Stanley set a $105.00 price target on Jackson Financial in a research note on Monday, December 15th. Evercore ISI set a $118.00 price objective on Jackson Financial and gave the company an “in-line” rating in a report on Tuesday, January 6th. Zacks Research upgraded Jackson Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. Finally, Keefe, Bruyette & Woods lifted their target price on Jackson Financial from $105.00 to $110.00 and gave the stock a “market perform” rating in a research report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $113.00.

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.