Jackson Financial Inc. $JXN Holdings Boosted by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Jackson Financial Inc. (NYSE:JXN) by 14.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 382,081 shares of the company’s stock after purchasing an additional 49,081 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned 0.56% of Jackson Financial worth $40,749,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its stake in shares of Jackson Financial by 404.0% during the 3rd quarter. Allworth Financial LP now owns 252 shares of the company’s stock valued at $26,000 after buying an additional 202 shares during the period. Optiver Holding B.V. boosted its stake 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 valued at $30,000 after buying an additional 244 shares during the period. Rothschild Investment LLC boosted its stake in shares of Jackson Financial by 79.9% during the 4th quarter. Rothschild Investment LLC now owns 322 shares of the company’s stock valued at $34,000 after buying an additional 143 shares during the period. Plato Investment Management Ltd acquired a new stake in shares of Jackson Financial during the 4th quarter valued at $35,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Jackson Financial during the 3rd quarter valued at $37,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Jackson Financial Stock Up 0.0%

JXN stock opened at $108.71 on Monday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.49. Jackson Financial Inc. has a 1 year low of $80.25 and a 1 year high of $123.61. The company has a fifty day simple moving average of $108.28 and a 200 day simple moving average of $108.93. The firm has a market cap of $7.58 billion, a PE ratio of -17.79 and a beta of 1.32.

Jackson Financial Announces Dividend

The firm also recently disclosed 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. This represents a $3.60 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Thursday, June 11th. Jackson Financial’s payout ratio is presently -58.92%.

Analyst Ratings Changes

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

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.