Counterpoint Mutual Funds LLC Has $347,000 Position in Jackson Financial Inc. $JXN

Counterpoint Mutual Funds LLC lowered its holdings in Jackson Financial Inc. (NYSE:JXN) by 58.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,429 shares of the company’s stock after selling 4,778 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in Jackson Financial were worth $347,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JXN. AXQ Capital LP bought a new stake in shares of Jackson Financial in the 3rd quarter valued at approximately $423,000. Hillsdale Investment Management Inc. boosted its stake in Jackson Financial by 23.1% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 74,700 shares of the company’s stock valued at $7,562,000 after buying an additional 14,000 shares in the last quarter. NewEdge Wealth LLC grew its position in Jackson Financial by 12.4% in the third quarter. NewEdge Wealth LLC now owns 13,973 shares of the company’s stock valued at $1,309,000 after acquiring an additional 1,545 shares during the period. CenterBook Partners LP raised its stake in Jackson Financial by 70.9% during the third quarter. CenterBook Partners LP now owns 15,329 shares of the company’s stock worth $1,552,000 after acquiring an additional 6,360 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its holdings in shares of Jackson Financial by 7.1% during the third quarter. GSA Capital Partners LLP now owns 8,726 shares of the company’s stock valued at $883,000 after acquiring an additional 577 shares during the period. Institutional investors own 89.96% of the company’s stock.

Analyst Ratings Changes

JXN has been the topic of several analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jackson Financial in a report on Monday, December 29th. Evercore set a $118.00 price objective on shares of Jackson Financial and gave the stock an “in-line” rating in a research note on Tuesday, January 6th. Barclays reaffirmed an “overweight” rating and set a $137.00 price objective on shares of Jackson Financial in a report on Thursday, January 8th. Finally, Morgan Stanley set a $105.00 target price on Jackson Financial in a report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Jackson Financial has an average rating of “Hold” and a consensus target price of $113.00.

Jackson Financial Stock Performance

Jackson Financial stock opened at $112.84 on Thursday. The company has a market cap of $7.67 billion, a PE ratio of -322.39 and a beta of 1.45. 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 1 year low of $64.70 and a 1 year high of $123.61. The company’s 50-day moving average is $113.23 and its two-hundred day moving average is $103.32.

Jackson Financial (NYSE:JXN) last released its earnings results on Wednesday, February 18th. The company reported $6.61 EPS for the quarter, topping analysts’ consensus estimates of $5.90 by $0.71. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.92 billion. Jackson Financial’s revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted $4.65 EPS. Equities analysts anticipate that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Monday, March 16th will be issued a $0.90 dividend. This is a boost from Jackson Financial’s previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Monday, March 16th. Jackson Financial’s dividend payout ratio is currently -914.29%.

Jackson Financial Profile

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.