Universal Beteiligungs und Servicegesellschaft mbH Sells 6,629 Shares of Jackson Financial Inc. $JXN

Universal Beteiligungs und Servicegesellschaft mbH trimmed its holdings in Jackson Financial Inc. (NYSE:JXN) by 5.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 112,713 shares of the company’s stock after selling 6,629 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.16% of Jackson Financial worth $11,410,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in JXN. Donald Smith & CO. Inc. lifted its holdings in Jackson Financial by 2.0% during the 2nd quarter. Donald Smith & CO. Inc. now owns 1,699,087 shares of the company’s stock valued at $150,862,000 after purchasing an additional 33,040 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of Jackson Financial by 1.5% in the second quarter. Acadian Asset Management LLC now owns 1,359,477 shares of the company’s stock valued at $120,685,000 after purchasing an additional 20,212 shares during the period. Norges Bank acquired a new stake in shares of Jackson Financial during the 2nd quarter worth about $102,131,000. LSV Asset Management boosted its holdings in shares of Jackson Financial by 28.3% during the 2nd quarter. LSV Asset Management now owns 836,238 shares of the company’s stock worth $74,250,000 after buying an additional 184,440 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Jackson Financial by 21.3% during the 2nd quarter. Invesco Ltd. now owns 719,575 shares of the company’s stock worth $63,891,000 after buying an additional 126,264 shares during the period. 89.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JXN has been the topic of several research analyst reports. Zacks Research raised shares of Jackson Financial from a “hold” rating to a “strong-buy” rating in a report on Monday, October 13th. Keefe, Bruyette & Woods increased their target price on Jackson Financial from $105.00 to $110.00 and gave the stock a “market perform” rating in a research note on Thursday, October 9th. Morgan Stanley set a $105.00 price target on Jackson Financial in a report on Monday, December 15th. Barclays restated an “overweight” rating and issued a $137.00 price target on shares of Jackson Financial in a research note on Thursday, January 8th. Finally, Evercore ISI set a $118.00 price objective on Jackson Financial and gave the stock an “in-line” rating in a research report on Tuesday, January 6th. One investment 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $113.00.

Jackson Financial Trading Down 2.4%

Shares of JXN stock opened at $113.31 on Friday. The stock has a market cap of $7.70 billion, a P/E ratio of 15.67 and a beta of 1.44. Jackson Financial Inc. has a 1 year low of $64.70 and a 1 year high of $118.18. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.47. The stock has a 50 day simple moving average of $105.45 and a 200 day simple moving average of $98.80.

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

Jackson Financial Dividend Announcement

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

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.