Horizon Investments LLC Purchases New Stake in Jackson Financial Inc. $JXN

Key Points

• Horizon Investments LLC bought a new stake of 24,734 shares in Jackson Financial in Q4 (about $2.64 million), and institutional investors now own roughly 89.96% of the company.
• Jackson beat earnings with Q4 EPS of $6.61 versus $5.90 expected and revenue of $1.94 billion (slightly above estimates), though revenue declined 2.8% year‑over‑year.
• The firm raised its quarterly dividend from $0.80 to $0.90 (annualized $3.60, ~3.2% yield), while analyst consensus is a Hold with an average price target of $114.80.

Horizon Investments LLC acquired a new stake in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 24,734 shares of the company's stock, valued at approximately $2,638,000.

Several other hedge funds and other institutional investors also recently modified their holdings of JXN. Sound Income Strategies LLC lifted its holdings in Jackson Financial by 25.5% during the 4th quarter. Sound Income Strategies LLC now owns 483 shares of the company's stock worth $55,000 after buying an additional 98 shares during the last quarter. Wetzel Investment Advisors Inc. increased its holdings in shares of Jackson Financial by 4.5% in the 4th quarter. Wetzel Investment Advisors Inc. now owns 2,300 shares of the company's stock valued at $245,000 after acquiring an additional 100 shares during the last quarter. Seeds Investor LLC raised its position in shares of Jackson Financial by 4.5% during the 4th quarter. Seeds Investor LLC now owns 2,373 shares of the company's stock valued at $253,000 after acquiring an additional 102 shares in the last quarter. Samalin Investment Counsel LLC raised its position in shares of Jackson Financial by 2.0% during the 3rd quarter. Samalin Investment Counsel LLC now owns 5,370 shares of the company's stock valued at $544,000 after acquiring an additional 104 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Jackson Financial by 11.1% during the third quarter. Smartleaf Asset Management LLC now owns 1,142 shares of the company's stock worth $117,000 after purchasing an additional 114 shares during the last quarter. Institutional investors own 89.96% of the company's stock.

Jackson Financial Stock Down 0.9%

JXN stock opened at $113.15 on Tuesday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.47. Jackson Financial Inc. has a fifty-two week low of $78.76 and a fifty-two week high of $123.61. The firm's 50-day simple moving average is $108.14 and its 200 day simple moving average is $106.45. The stock has a market cap of $7.96 billion, a PE ratio of -323.27 and a beta of 1.39.

Jackson Financial (NYSE:JXN - Get Free Report) last posted its earnings results on Wednesday, February 18th. The company reported $6.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.90 by $0.71. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same period in the previous year, the firm earned $4.65 earnings per share. The company's revenue for the quarter was down 2.8% on a year-over-year basis.

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 dividend of $0.90 per share. This is a boost from Jackson Financial's previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Monday, March 16th. Jackson Financial's payout ratio is presently -1,028.57%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on JXN shares. Wall Street Zen downgraded shares of Jackson Financial from a "buy" rating to a "hold" rating in a research report on Saturday, April 11th. Keefe, Bruyette & Woods decreased their target price 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. Evercore set a $118.00 target price on Jackson Financial and gave the company an "in-line" rating in a report on Tuesday, January 6th. Finally, Barclays dropped their price target on Jackson Financial from $138.00 to $136.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $114.80.

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.

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