5,343 Shares in Jackson Financial Inc. $JXN Purchased by Fieldview Capital Management LLC

Fieldview Capital Management LLC purchased a new stake in Jackson Financial Inc. (NYSE:JXN) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 5,343 shares of the company’s stock, valued at approximately $570,000.

A number of other hedge funds also recently bought and sold shares of JXN. 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 in 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 in 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 in the last quarter. Plato Investment Management Ltd acquired a new stake in Jackson Financial in the 4th quarter valued at about $35,000. Finally, Advisory Services Network LLC acquired a new stake in Jackson Financial in the 3rd quarter valued at about $37,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Barclays reduced their price target on Jackson Financial from $138.00 to $136.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Wall Street Zen lowered Jackson Financial from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Keefe, Bruyette & Woods increased their price objective on Jackson Financial from $120.00 to $125.00 and gave the company a “market perform” rating in a report on Wednesday, May 13th. Finally, Weiss Ratings lowered Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Jackson Financial presently has an average rating of “Hold” and an average price target of $115.80.

Jackson Financial Price Performance

Shares of NYSE JXN opened at $109.70 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.27 and a current ratio of 0.27. Jackson Financial Inc. has a fifty-two week low of $82.07 and a fifty-two week high of $123.61. The firm has a market capitalization of $7.65 billion, a PE ratio of -17.95 and a beta of 1.32. The stock’s 50-day simple moving average is $108.40 and its 200-day simple moving average is $109.02.

Jackson Financial Announces Dividend

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