Vanguard Group Inc. Sells 396,298 Shares of Jackson Financial Inc. $JXN

Key Points

• Vanguard trimmed its Jackson Financial stake by 4.2% in Q4, selling 396,298 shares and holding 9,048,998 shares (about 13.31% ownership) worth roughly $965 million.
• Analysts have a consensus "Hold" on JXN with an average target of $114.80 after recent revisions (Evercore $118 in-line; Barclays cut to $136; Keefe, Bruyette & Woods to $120).
• Jackson raised its quarterly dividend to $0.90 (annualized $3.60, ~3.1% yield) and reported Q4 EPS of $6.61, beating estimates, with revenue of $1.94 billion (down 2.8% year-over-year).

Vanguard Group Inc. lowered its stake in Jackson Financial Inc. (NYSE:JXN - Free Report) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,048,998 shares of the company's stock after selling 396,298 shares during the quarter. Vanguard Group Inc. owned approximately 13.31% of Jackson Financial worth $965,076,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Sound Income Strategies LLC lifted its holdings in shares of Jackson Financial by 25.5% in the fourth quarter. Sound Income Strategies LLC now owns 483 shares of the company's stock worth $55,000 after acquiring an additional 98 shares during the last quarter. Wetzel Investment Advisors Inc. increased its stake in shares of Jackson Financial by 4.5% in the fourth quarter. Wetzel Investment Advisors Inc. now owns 2,300 shares of the company's stock valued at $245,000 after buying an additional 100 shares during the period. Seeds Investor LLC increased its stake in shares of Jackson Financial by 4.5% in the fourth quarter. Seeds Investor LLC now owns 2,373 shares of the company's stock valued at $253,000 after buying an additional 102 shares during the period. Samalin Investment Counsel LLC increased its stake in shares of 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 buying an additional 104 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in shares of Jackson Financial by 11.1% in the third quarter. Smartleaf Asset Management LLC now owns 1,142 shares of the company's stock valued at $117,000 after buying an additional 114 shares during the period. Institutional investors own 89.96% of the company's stock.

Analysts Set New Price Targets

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

Jackson Financial Stock Performance

Jackson Financial stock opened at $114.47 on Friday. The business has a 50 day moving average of $108.14 and a 200-day moving average of $106.32. Jackson Financial Inc. has a 1 year low of $78.76 and a 1 year high of $123.61. The company has a market capitalization of $8.06 billion, a P/E ratio of -327.05 and a beta of 1.39. 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 (NYSE:JXN - Get Free Report) last announced its earnings results on Wednesday, February 18th. The company reported $6.61 EPS for the quarter, beating the consensus estimate 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 quarter in the previous year, the company earned $4.65 earnings per share. The business's revenue was down 2.8% on a year-over-year basis.

Jackson Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Monday, March 16th were issued a $0.90 dividend. The ex-dividend date was Monday, March 16th. This is a boost from Jackson Financial's previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a yield of 3.1%. Jackson Financial's dividend payout ratio (DPR) is currently -1,028.57%.

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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