Jackson Financial Inc. $JXN Shares Acquired by WINTON GROUP Ltd

Key Points

• WINTON GROUP increased its stake in Jackson Financial by 606% in Q3, buying 52,618 shares to hold 61,301 shares valued at about $6.21 million (roughly 0.09% of the company).
• Jackson Financial raised its quarterly dividend to $0.90 (annualized $3.60), implying a ~3.3% yield; the ex-dividend/record date is March 16 and the payment is scheduled for March 26.
• The company beat expectations last quarter with EPS $6.61 vs. $5.90 consensus and revenue of $1.94B vs. $1.92B, while analysts’ consensus rating is a "Hold" with a $113 price target.

WINTON GROUP Ltd increased its position in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 606.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,301 shares of the company's stock after buying an additional 52,618 shares during the period. WINTON GROUP Ltd owned about 0.09% of Jackson Financial worth $6,206,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Samalin Investment Counsel LLC raised its holdings in Jackson Financial by 2.0% in the third 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. Smartleaf Asset Management LLC boosted its position in Jackson Financial by 11.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,142 shares of the company's stock valued at $117,000 after purchasing an additional 114 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Jackson Financial by 46.9% during the third quarter. Bessemer Group Inc. now owns 404 shares of the company's stock valued at $41,000 after acquiring an additional 129 shares during the period. Hantz Financial Services Inc. grew its position in Jackson Financial by 23.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 689 shares of the company's stock worth $70,000 after purchasing an additional 131 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in Jackson Financial by 1.1% in the 2nd quarter. Bank of Montreal Can now owns 12,857 shares of the company's stock worth $1,142,000 after buying an additional 142 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on JXN. Evercore set a $118.00 target price on shares of Jackson Financial and gave the company an "in-line" rating in a research report on Tuesday, January 6th. Barclays reaffirmed an "overweight" rating and set a $137.00 target price on shares of Jackson Financial in a report on Thursday, January 8th. Morgan Stanley set a $105.00 price target on shares of Jackson Financial in a report on Monday, December 15th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Jackson Financial in a research note on Monday, December 29th. Finally, Wall Street Zen raised shares of Jackson Financial from a "hold" rating to a "buy" rating in a research note on Saturday, February 28th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $113.00.

Jackson Financial Price Performance

NYSE JXN opened at $109.60 on Tuesday. Jackson Financial Inc. has a 52-week low of $64.70 and a 52-week high of $123.61. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market capitalization of $7.75 billion, a price-to-earnings ratio of -313.13 and a beta of 1.46. The company has a 50 day simple moving average of $113.85 and a 200-day simple moving average of $104.32.

Jackson Financial (NYSE:JXN - Get Free Report) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $6.61 earnings per share (EPS) for the quarter, beating the consensus estimate 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. The firm's quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.65 earnings per share. Equities research analysts predict that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Monday, March 16th will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $3.60 dividend on an annualized basis and a yield of 3.3%. This is a positive change from Jackson Financial's previous quarterly dividend of $0.80. Jackson Financial's dividend payout ratio (DPR) is presently -914.29%.

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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