Jackson Financial Inc. $JXN Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC decreased its stake in shares of Jackson Financial Inc. (NYSE:JXN) by 10.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,995 shares of the company’s stock after selling 6,379 shares during the quarter. Intech Investment Management LLC owned about 0.08% of Jackson Financial worth $5,865,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Amundi increased its stake in shares of Jackson Financial by 1,446.4% in the third quarter. Amundi now owns 193,825 shares of the company’s stock worth $19,696,000 after acquiring an additional 181,291 shares during the period. Focus Partners Wealth acquired a new stake in shares of Jackson Financial in the third quarter worth $15,812,000. Kennedy Capital Management LLC acquired a new stake in shares of Jackson Financial in the third quarter worth $15,806,000. Two Sigma Investments LP increased its stake in shares of Jackson Financial by 97.7% in the third quarter. Two Sigma Investments LP now owns 232,624 shares of the company’s stock worth $23,549,000 after acquiring an additional 114,954 shares during the period. Finally, Cambria Investment Management L.P. increased its stake in shares of Jackson Financial by 1,431.6% in the third quarter. Cambria Investment Management L.P. now owns 97,270 shares of the company’s stock worth $9,847,000 after acquiring an additional 90,919 shares during the period. Institutional investors and hedge funds own 89.96% of the company’s stock.

Jackson Financial Stock Performance

JXN opened at $102.93 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.49. The company has a market cap of $7.18 billion, a price-to-earnings ratio of -16.85 and a beta of 1.39. Jackson Financial Inc. has a 52-week low of $80.25 and a 52-week high of $123.61. The firm’s fifty day simple moving average is $107.85 and its two-hundred day simple moving average is $107.87.

Jackson Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Thursday, June 11th. Jackson Financial’s dividend payout ratio (DPR) is presently -58.92%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on JXN. Wall Street Zen lowered shares of Jackson Financial from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Keefe, Bruyette & Woods raised their price target on shares of Jackson Financial from $120.00 to $125.00 and gave the company a “market perform” rating in a research report on Wednesday, May 13th. Weiss Ratings lowered shares of Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. Finally, Barclays dropped their price target on shares of 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 investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $115.80.

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.