Jackson Financial Inc. $JXN Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund reduced its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 7.0% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 355,485 shares of the company’s stock after selling 26,596 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Jackson Financial were worth $37,582,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC grew its stake in shares of Jackson Financial by 33.2% in the first quarter. Integrated Wealth Concepts LLC now owns 5,471 shares of the company’s stock worth $458,000 after acquiring an additional 1,363 shares in the last quarter. Woodline Partners LP acquired a new stake in shares of Jackson Financial in the first quarter valued at $4,081,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Jackson Financial by 3.6% in the first 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 period. EverSource Wealth Advisors LLC boosted its holdings in Jackson Financial by 55.5% in the second 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 period. Finally, Marshall Wace LLP acquired a new position in Jackson Financial during the 2nd quarter worth $986,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Jackson Financial Stock Down 0.3%

Jackson Financial stock opened at $118.96 on Monday. Jackson Financial Inc. has a 1-year low of $82.65 and a 1-year high of $126.69. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.27 and a quick ratio of 0.27. The stock has a market cap of $8.30 billion, a PE ratio of -19.47 and a beta of 1.32. The stock’s fifty day moving average is $110.32 and its two-hundred day moving average is $110.78.

Jackson Financial Dividend Announcement

The firm also recently disclosed 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. This represents a $3.60 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Thursday, June 11th. Jackson Financial’s dividend payout ratio is currently -58.92%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on JXN. Jefferies Financial Group raised Jackson Financial from a “hold” rating to a “buy” rating and increased their price target for the company from $120.00 to $140.00 in a research report on Friday, July 10th. Barclays boosted their price objective on Jackson Financial from $136.00 to $139.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. Keefe, Bruyette & Woods upped their target price on shares of Jackson Financial from $125.00 to $130.00 and gave the stock a “market perform” rating in a research note on Monday, July 13th. Wall Street Zen cut shares of Jackson Financial from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Finally, Weiss Ratings downgraded shares of Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Jackson Financial presently has an average rating of “Moderate Buy” and an average price target of $126.40.

Jackson Financial Company 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.