Arrowstreet Capital Limited Partnership Sells 81,794 Shares of Jackson Financial Inc. $JXN

Arrowstreet Capital Limited Partnership cut its stake in Jackson Financial Inc. (NYSE:JXN) by 7.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 985,573 shares of the company’s stock after selling 81,794 shares during the period. Arrowstreet Capital Limited Partnership owned about 1.45% of Jackson Financial worth $105,111,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC boosted its holdings in shares of Jackson Financial by 33.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 5,471 shares of the company’s stock valued at $458,000 after buying an additional 1,363 shares in the last quarter. Woodline Partners LP purchased a new position in shares of Jackson Financial in the 1st quarter valued at approximately $4,081,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Jackson Financial by 3.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 210,836 shares of the company’s stock valued at $17,664,000 after purchasing an additional 7,380 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Jackson Financial by 55.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 911 shares of the company’s stock valued at $81,000 after purchasing an additional 325 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Jackson Financial in the 2nd quarter valued at approximately $986,000. 89.96% of the stock is currently owned by institutional investors.

Jackson Financial Price Performance

Jackson Financial stock opened at $109.70 on Tuesday. The company’s fifty day moving average price is $108.40 and its 200 day moving average price is $109.02. Jackson Financial Inc. has a 1 year low of $82.07 and a 1 year high of $123.61. The stock has a market capitalization of $7.65 billion, a P/E ratio of -17.95 and a beta of 1.32. 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 Dividend Announcement

The business 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 $0.90 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $3.60 dividend on an annualized basis and a yield of 3.3%. Jackson Financial’s dividend payout ratio (DPR) is currently -58.92%.

Analyst Ratings Changes

Several equities analysts recently commented on JXN shares. Keefe, Bruyette & Woods increased their price objective on shares of Jackson Financial from $120.00 to $125.00 and gave the company a “market perform” rating in a research report on Wednesday, May 13th. Wall Street Zen lowered shares of Jackson Financial from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Barclays reduced their price target on shares of Jackson Financial from $138.00 to $136.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Finally, Weiss Ratings lowered shares of Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. One 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 stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $115.80.

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.