Jackson Financial Inc. $JXN Shares Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd increased its holdings in Jackson Financial Inc. (NYSE:JXN) by 48.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,062 shares of the company’s stock after buying an additional 5,874 shares during the quarter. WINTON GROUP Ltd’s holdings in Jackson Financial were worth $1,849,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. California State Teachers Retirement System boosted its position in Jackson Financial by 9,102.2% during the 2nd quarter. California State Teachers Retirement System now owns 7,427,063 shares of the company’s stock worth $760,457,000 after acquiring an additional 7,346,353 shares during the period. Donald Smith & CO. Inc. bought a new position in shares of Jackson Financial in the second quarter worth $183,186,000. Norges Bank acquired a new position in shares of Jackson Financial during the fourth quarter valued at $129,878,000. Bank of New York Mellon Corp acquired a new position in shares of Jackson Financial during the second quarter valued at $66,639,000. Finally, Hsbc Holdings PLC raised its stake in shares of Jackson Financial by 16.5% during the fourth quarter. Hsbc Holdings PLC now owns 1,550,942 shares of the company’s stock valued at $166,476,000 after purchasing an additional 220,095 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JXN has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of Jackson Financial from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 4th. Jefferies Financial Group upgraded shares of Jackson Financial from a “hold” rating to a “buy” rating and boosted their price target for the stock from $120.00 to $140.00 in a research report on Friday, July 10th. Wall Street Zen raised shares of Jackson Financial from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Evercore set a $135.00 price objective on shares of Jackson Financial in a report on Wednesday, August 5th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Jackson Financial from $130.00 to $140.00 and gave the company a “market perform” rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Jackson Financial has a consensus rating of “Moderate Buy” and an average price target of $133.80.

Jackson Financial Trading Down 0.0%

Shares of JXN stock opened at $138.33 on Friday. The stock has a 50-day simple moving average of $128.12 and a 200 day simple moving average of $114.88. The stock has a market capitalization of $9.37 billion, a P/E ratio of 194.84 and a beta of 1.30. Jackson Financial Inc. has a fifty-two week low of $89.67 and a fifty-two week high of $140.90. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.53.

Jackson Financial (NYSE:JXN) last issued its quarterly earnings results on Monday, August 3rd. The company reported $7.30 EPS for the quarter, topping the consensus estimate of $5.72 by $1.58. Jackson Financial had a net margin of 1.59% and a return on equity of 18.93%. The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.91 billion.

Jackson Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Tuesday, September 15th will be paid a $0.90 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.60 annualized dividend and a dividend yield of 2.6%. Jackson Financial’s payout ratio is currently 507.04%.

Insider Buying and Selling

In related news, EVP Carrie Chelko sold 7,500 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $134.24, for a total transaction of $1,006,800.00. Following the completion of the sale, the executive vice president directly owned 80,914 shares of the company’s stock, valued at $10,861,895.36. This represents a 8.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher Raub sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $130.69, for a total transaction of $653,450.00. Following the sale, the chief executive officer directly owned 42,160 shares of the company’s stock, valued at approximately $5,509,890.40. This represents a 10.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.40% of the stock is owned by insiders.

Jackson Financial Company Profile

Jackson Financial Inc (NYSE:JXN) is a U.S.-based financial services company focused on providing retirement income solutions. Through its insurance subsidiaries, the company primarily develops and distributes annuity products designed to help individuals accumulate retirement savings and generate income during retirement.

Jackson’s product portfolio includes variable annuities, fixed annuities and registered index-linked annuities. Its offerings are distributed through financial professionals and other intermediary channels, serving individuals and institutions seeking tax-deferred retirement accumulation, income planning and related financial solutions.

Headquartered in Lansing, Michigan, Jackson primarily serves customers in the United States through Jackson National Life Insurance Company and related entities, including Jackson National Life Insurance Company of New York.