Comerica Bank Sells 9,953 Shares of Jackson Financial Inc. $JXN

Key Points

• Comerica Bank sold 9,953 shares of Jackson Financial (a 19.6% reduction), leaving it with 40,878 shares worth about $4.36 million, and institutional investors now own roughly 89.96% of the stock.
• Jackson Financial beat earnings estimates with $6.61 EPS vs. $5.90 expected and reported $1.94 billion in revenue (down 2.8% year‑over‑year), indicating mixed operational trends.
• The company raised its quarterly dividend to $0.90 (annualized $3.60, ~3.1% yield), while Wall Street consensus is a "Hold" with an average price target of $114.80, near the current share price.

Comerica Bank reduced its holdings in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 19.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,878 shares of the company's stock after selling 9,953 shares during the quarter. Comerica Bank owned approximately 0.06% of Jackson Financial worth $4,360,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in JXN. Kestra Private Wealth Services LLC lifted its position in Jackson Financial by 2.9% during the fourth quarter. Kestra Private Wealth Services LLC now owns 10,485 shares of the company's stock worth $1,118,000 after acquiring an additional 296 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in Jackson Financial by 5.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 10,357 shares of the company's stock valued at $1,105,000 after buying an additional 533 shares in the last quarter. Facet Wealth Inc. acquired a new position in Jackson Financial in the 4th quarter valued at $232,000. Huntleigh Advisors Inc. increased its position in Jackson Financial by 3.3% during the 4th quarter. Huntleigh Advisors Inc. now owns 54,261 shares of the company's stock worth $5,787,000 after buying an additional 1,746 shares during the period. Finally, Concurrent Investment Advisors LLC increased its position in Jackson Financial by 42.5% during the 4th quarter. Concurrent Investment Advisors LLC now owns 3,549 shares of the company's stock worth $379,000 after buying an additional 1,058 shares during the period. Institutional investors own 89.96% of the company's stock.

Jackson Financial Stock Down 1.1%

Shares of NYSE JXN opened at $114.47 on Friday. The company has a 50 day simple moving average of $108.14 and a 200 day simple moving average of $106.40. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.27 and a quick ratio of 0.27. Jackson Financial Inc. has a 1 year low of $78.76 and a 1 year high of $123.61. The firm has a market cap of $8.06 billion, a PE ratio of -327.05 and a beta of 1.39.

Jackson Financial (NYSE:JXN - Get Free Report) last posted 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 analyst estimates of $1.92 billion. The business's revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.65 earnings per share.

Jackson Financial Increases Dividend

The firm also recently disclosed 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 boost from Jackson Financial's previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Monday, March 16th. This represents a $3.60 annualized dividend and a dividend yield of 3.1%. Jackson Financial's dividend payout ratio is -1,028.57%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Barclays dropped their price objective on shares of Jackson Financial from $138.00 to $136.00 and set an "overweight" rating for the company in a research note on Wednesday, April 8th. Evercore set a $118.00 price objective on Jackson Financial and gave the stock an "in-line" rating in a research note on Tuesday, January 6th. Wall Street Zen lowered Jackson Financial from a "buy" rating to a "hold" rating in a report on Saturday, April 11th. Finally, Keefe, Bruyette & Woods dropped their price target on Jackson Financial from $123.00 to $120.00 and set a "market perform" rating for the company in a research note on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $114.80.

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.

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