Jackson Financial Inc. $JXN Stock Position Lifted by SG Americas Securities LLC

SG Americas Securities LLC raised its stake in Jackson Financial Inc. (NYSE:JXN) by 61.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,896 shares of the company’s stock after buying an additional 7,175 shares during the quarter. SG Americas Securities LLC’s holdings in Jackson Financial were worth $2,015,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Amundi grew its holdings in shares of Jackson Financial by 1,446.4% during the 3rd quarter. Amundi now owns 193,825 shares of the company’s stock valued at $19,696,000 after acquiring an additional 181,291 shares in the last quarter. Focus Partners Wealth acquired a new stake in Jackson Financial during the third quarter valued at $15,812,000. Kennedy Capital Management LLC acquired a new stake in Jackson Financial during the third quarter valued at $15,806,000. Invesco Ltd. grew its stake in Jackson Financial by 21.3% in the second quarter. Invesco Ltd. now owns 719,575 shares of the company’s stock valued at $63,891,000 after purchasing an additional 126,264 shares in the last quarter. Finally, Two Sigma Investments LP grew its stake in Jackson Financial by 97.7% in the third quarter. Two Sigma Investments LP now owns 232,624 shares of the company’s stock valued at $23,549,000 after purchasing an additional 114,954 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Jackson Financial Stock Performance

JXN opened at $103.97 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market cap of $7.35 billion, a PE ratio of -297.04 and a beta of 1.45. The stock has a 50-day moving average of $110.89 and a 200-day moving average of $105.31. Jackson Financial Inc. has a 52-week low of $64.70 and a 52-week high of $123.61.

Jackson Financial (NYSE:JXN) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $6.61 earnings per share for the quarter, beating analysts’ consensus estimates of $5.90 by $0.71. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the previous year, the business posted $4.65 earnings per share. The firm’s revenue was down 2.8% on a year-over-year basis. As a group, equities research analysts forecast that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Monday, March 16th were given a $0.90 dividend. This is a positive change from Jackson Financial’s previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, March 16th. Jackson Financial’s payout ratio is -1,028.57%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on JXN shares. Evercore set a $118.00 price target on Jackson Financial and gave the stock an “in-line” rating in a research note on Tuesday, January 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of Jackson Financial in a research note on Monday, December 29th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $123.00 price objective on shares of Jackson Financial in a report on Thursday, March 26th. Wall Street Zen upgraded shares of Jackson Financial from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Finally, Barclays reissued an “overweight” rating and issued a $137.00 target price on shares of Jackson Financial in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $115.60.

Jackson Financial Company 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.