Goldman Sachs Group Inc. Sells 315,132 Shares of Jackson Financial Inc. $JXN

Goldman Sachs Group Inc. decreased its holdings in Jackson Financial Inc. (NYSE:JXN) by 17.5% in the 4th quarter, HoldingsChannel reports. The firm owned 1,481,922 shares of the company’s stock after selling 315,132 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Jackson Financial were worth $158,047,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP raised its position in Jackson Financial by 404.0% in the 3rd quarter. Allworth Financial LP now owns 252 shares of the company’s stock valued at $26,000 after purchasing an additional 202 shares during the last quarter. Optiver Holding B.V. raised its position in Jackson Financial by 469.2% in the 3rd quarter. Optiver Holding B.V. now owns 296 shares of the company’s stock valued at $30,000 after purchasing an additional 244 shares during the last quarter. Rothschild Investment LLC raised its position in Jackson Financial by 79.9% in the 4th quarter. Rothschild Investment LLC now owns 322 shares of the company’s stock valued at $34,000 after purchasing an additional 143 shares during the last quarter. Plato Investment Management Ltd bought a new position in Jackson Financial in the 4th quarter valued at $35,000. Finally, Advisory Services Network LLC bought a new position in Jackson Financial in the 3rd quarter valued at $37,000. Institutional investors own 89.96% of the company’s stock.

Analyst Upgrades and Downgrades

JXN has been the subject of several research analyst reports. Wall Street Zen downgraded Jackson Financial from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Weiss Ratings downgraded Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. Keefe, Bruyette & Woods lifted their price objective on Jackson Financial from $120.00 to $125.00 and gave the company a “market perform” rating in a research report on Wednesday, May 13th. Finally, Barclays cut their price objective on Jackson Financial from $138.00 to $136.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. One research 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 MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $115.80.

Jackson Financial Trading Down 0.0%

JXN stock opened at $107.85 on Monday. The company has a market cap of $7.52 billion, a P/E ratio of -17.65 and a beta of 1.32. Jackson Financial Inc. has a twelve month low of $80.25 and a twelve month high of $123.61. 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 business has a fifty day moving average of $107.93 and a 200-day moving average of $108.41.

Jackson Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be given a dividend of $0.90 per share. The ex-dividend date is Thursday, June 11th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.3%. Jackson Financial’s payout ratio is presently -58.92%.

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.