William John Sempolinski Purchases New Holdings in Jackson Financial Inc. $JXN

Key Points

• William John Sempolinski purchased 21,700 Jackson Financial shares worth approximately $2.22 million, making JXN 0.9% of the investor’s portfolio. Institutional investors collectively own 89.96% of the company.
• Jackson Financial reported quarterly earnings of $7.30 per share, beating estimates by $1.58, while revenue reached $2 billion versus the $1.91 billion consensus forecast.
• JXN declared a quarterly dividend of $0.90 per share, or $3.60 annually, representing a 2.6% yield; analysts maintain a “Moderate Buy” consensus with an average price target of $133.80.

William John Sempolinski purchased a new position in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,700 shares of the company's stock, valued at approximately $2,222,000. Jackson Financial makes up 0.9% of William John Sempolinski's holdings, making the stock its 25th biggest holding.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Allworth Financial LP grew its holdings in shares of Jackson Financial by 404.0% during the 3rd quarter. Allworth Financial LP now owns 252 shares of the company's stock worth $26,000 after purchasing an additional 202 shares in the last quarter. Rothschild Investment LLC raised its stake in Jackson Financial by 79.9% in the fourth quarter. Rothschild Investment LLC now owns 322 shares of the company's stock valued at $34,000 after purchasing an additional 143 shares in the last quarter. Plato Investment Management Ltd bought a new stake in Jackson Financial during the fourth quarter worth about $35,000. Advisory Services Network LLC acquired a new stake in Jackson Financial during the third quarter worth about $37,000. Finally, Signature Equity Partners LLC bought a new position in Jackson Financial in the 1st quarter valued at about $38,000. Institutional investors own 89.96% of the company's stock.

Insiders Place Their Bets

In other Jackson Financial news, CEO Christopher Raub sold 5,000 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $130.69, for a total value of $653,450.00. Following the completion of the transaction, the chief executive officer directly owned 42,160 shares in the company, valued at approximately $5,509,890.40. This trade represents a 10.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Carrie Chelko sold 7,500 shares of Jackson Financial stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $134.24, for a total value of $1,006,800.00. Following the sale, the executive vice president directly owned 80,914 shares in the company, valued at $10,861,895.36. The trade was a 8.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.40% of the company's stock.

Jackson Financial Price Performance

JXN stock opened at $140.49 on Friday. The stock has a market cap of $9.52 billion, a price-to-earnings ratio of 197.88 and a beta of 1.30. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.26 and a quick ratio of 0.26. The company has a 50 day simple moving average of $124.70 and a 200 day simple moving average of $114.07. Jackson Financial Inc. has a 1 year low of $89.67 and a 1 year high of $140.88.

Jackson Financial (NYSE:JXN - Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported $7.30 earnings per share for the quarter, beating analysts' consensus estimates of $5.72 by $1.58. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.91 billion. Jackson Financial had a net margin of 1.59% and a return on equity of 18.93%.

Jackson Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Tuesday, September 15th will be given a dividend of $0.90 per share. The ex-dividend date is Tuesday, September 15th. This represents a $3.60 dividend on an annualized basis and a yield of 2.6%. Jackson Financial's payout ratio is currently 507.04%.

Wall Street Analysts Forecast Growth

JXN has been the subject of a number of recent analyst reports. Jefferies Financial Group raised shares of Jackson Financial from a "hold" rating to a "buy" rating and upped their price target for the stock from $120.00 to $140.00 in a report on Friday, July 10th. Barclays boosted their price objective on shares of Jackson Financial from $139.00 to $149.00 and gave the company an "overweight" rating in a research report on Tuesday, August 4th. Keefe, Bruyette & Woods upped their target price on Jackson Financial from $130.00 to $140.00 and gave the stock a "market perform" rating in a research note on Wednesday, August 5th. Evercore set a $135.00 target price on Jackson Financial in a report on Wednesday, August 5th. Finally, Weiss Ratings upgraded Jackson Financial from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Jackson Financial has an average rating of "Moderate Buy" and a consensus target price of $133.80.

About Jackson Financial

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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