Jackson Financial Inc. $JXN Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its holdings in Jackson Financial Inc. (NYSE:JXN) by 66.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,291 shares of the company’s stock after selling 12,605 shares during the quarter. SG Americas Securities LLC’s holdings in Jackson Financial were worth $665,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Jackson Financial in the 4th quarter worth about $129,878,000. Hsbc Holdings PLC raised its stake in Jackson Financial by 16.5% during the fourth quarter. Hsbc Holdings PLC now owns 1,550,942 shares of the company’s stock worth $166,476,000 after purchasing an additional 220,095 shares during the period. Bank of New York Mellon Corp raised its position in Jackson Financial by 31.7% in the fourth quarter. Bank of New York Mellon Corp now owns 886,106 shares of the company’s stock valued at $94,503,000 after purchasing an additional 213,131 shares during the period. Amundi boosted its stake in shares of Jackson Financial by 1,446.4% in the third quarter. Amundi now owns 193,825 shares of the company’s stock valued at $19,696,000 after purchasing an additional 181,291 shares during the period. Finally, Focus Partners Wealth purchased a new stake in Jackson Financial during the 3rd quarter worth about $15,812,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Jackson Financial Stock Performance

Jackson Financial stock traded up $0.63 during mid-day trading on Tuesday, hitting $109.99. 14,848 shares of the company’s stock traded hands, compared to its average volume of 608,478. The company has a market cap of $7.67 billion, a PE ratio of -18.04 and a beta of 1.32. The firm has a 50 day moving average price of $108.30 and a 200 day moving average price of $109.64. Jackson Financial Inc. has a one year low of $82.65 and a one year high of $123.61. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th were given a dividend of $0.90 per share. The ex-dividend date was Thursday, June 11th. This represents a $3.60 annualized dividend and a dividend yield of 3.3%. Jackson Financial’s dividend payout ratio (DPR) is -58.92%.

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.