Jackson Financial Inc. $JXN Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC boosted its position in Jackson Financial Inc. (NYSE:JXN) by 181.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,721 shares of the company’s stock after buying an additional 7,561 shares during the quarter. SG Americas Securities LLC’s holdings in Jackson Financial were worth $1,187,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Strategic Blueprint LLC acquired a new position in shares of Jackson Financial in the 3rd quarter worth approximately $206,000. Park Avenue Securities LLC lifted its stake in Jackson Financial by 50.4% during the third quarter. Park Avenue Securities LLC now owns 5,914 shares of the company’s stock worth $599,000 after purchasing an additional 1,983 shares during the last quarter. Gladstone Institutional Advisory LLC boosted its holdings in Jackson Financial by 7.9% in the third quarter. Gladstone Institutional Advisory LLC now owns 2,552 shares of the company’s stock worth $258,000 after purchasing an additional 187 shares during the period. Geneos Wealth Management Inc. increased its stake in Jackson Financial by 32.4% during the third quarter. Geneos Wealth Management Inc. now owns 1,765 shares of the company’s stock valued at $179,000 after purchasing an additional 432 shares during the last quarter. Finally, Salomon & Ludwin LLC bought a new stake in Jackson Financial during the third quarter valued at $34,000. Institutional investors own 89.96% of the company’s stock.

Jackson Financial Stock Performance

Shares of JXN stock opened at $113.44 on Friday. Jackson Financial Inc. has a 12-month low of $64.70 and a 12-month high of $118.18. 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 $7.71 billion, a price-to-earnings ratio of 15.69 and a beta of 1.44. The business has a 50 day simple moving average of $103.50 and a 200 day simple moving average of $97.93.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $6.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.10 by $1.06. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter last year, the firm posted $4.60 EPS. The company’s revenue was down 33.2% compared to the same quarter last year. On average, equities research analysts anticipate that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Thursday, December 4th. Jackson Financial’s dividend payout ratio is currently 44.26%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Jackson Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Jackson Financial in a research note on Monday, December 29th. Keefe, Bruyette & Woods upped their target price on Jackson Financial from $105.00 to $110.00 and gave the company a “market perform” rating in a report on Thursday, October 9th. Morgan Stanley set a $105.00 price target on Jackson Financial in a report on Monday, December 15th. Finally, Barclays restated an “overweight” rating and set a $137.00 price objective on shares of Jackson Financial in a research note on Thursday, January 8th. One equities research 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 company’s stock. Based on data from MarketBeat.com, Jackson Financial currently has a consensus rating of “Hold” and an average target price of $113.00.

Jackson Financial 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.