Bailard Inc. Invests $584,000 in Jackson Financial Inc. $JXN

Bailard Inc. purchased a new position in shares of Jackson Financial Inc. (NYSE:JXN) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,477 shares of the company’s stock, valued at approximately $584,000.

Other large investors also recently made changes to their positions in the company. Allworth Financial LP lifted its position in shares of Jackson Financial by 404.0% during the 3rd quarter. Allworth Financial LP now owns 252 shares of the company’s stock worth $26,000 after purchasing an additional 202 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in shares of Jackson Financial during the 3rd quarter worth about $28,000. Optiver Holding B.V. lifted its position in shares of Jackson Financial by 469.2% during the 3rd quarter. Optiver Holding B.V. now owns 296 shares of the company’s stock worth $30,000 after purchasing an additional 244 shares during the last quarter. Plato Investment Management Ltd acquired a new position in Jackson Financial in the 4th quarter valued at approximately $35,000. Finally, Bayforest Capital Ltd lifted its position in shares of Jackson Financial by 541.2% in the 3rd quarter. Bayforest Capital Ltd now owns 327 shares of the company’s stock worth $33,000 after acquiring an additional 276 shares during the period. Institutional investors own 89.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Weiss Ratings lowered Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday. Barclays reduced their target price 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. Keefe, Bruyette & Woods lifted their price target on shares of Jackson Financial from $120.00 to $125.00 and gave the stock a “market perform” rating in a research note on Wednesday. Finally, Wall Street Zen lowered shares of Jackson Financial from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $115.80.

Jackson Financial Trading Up 2.6%

Shares of Jackson Financial stock opened at $111.13 on Friday. Jackson Financial Inc. has a 12-month low of $78.76 and a 12-month high of $123.61. The stock has a market capitalization of $7.82 billion, a P/E ratio of -18.19 and a beta of 1.39. The company has a 50-day simple moving average of $107.91 and a 200 day simple moving average of $107.19. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.49.

Jackson Financial (NYSE:JXN) last released its quarterly earnings results on Wednesday, February 18th. The company reported $6.61 EPS for the quarter, beating analysts’ consensus estimates of $5.90 by $0.71. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.92 billion. Jackson Financial’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the firm earned $4.65 earnings per share.

Jackson Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Thursday, June 11th. Jackson Financial’s payout ratio is presently -58.92%.

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.