Leonteq Securities AG Buys New Shares in Jackson Financial Inc. $JXN

Leonteq Securities AG bought a new stake in shares of Jackson Financial Inc. (NYSE:JXN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,373 shares of the company’s stock, valued at approximately $573,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its position in Jackson Financial by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 3,994,949 shares of the company’s stock valued at $404,415,000 after purchasing an additional 18,249 shares in the last quarter. American Century Companies Inc. lifted its position in Jackson Financial by 0.3% during the third quarter. American Century Companies Inc. now owns 1,516,935 shares of the company’s stock valued at $153,559,000 after purchasing an additional 4,559 shares in the last quarter. Federated Hermes Inc. lifted its position in Jackson Financial by 6.4% during the third quarter. Federated Hermes Inc. now owns 854,435 shares of the company’s stock valued at $86,494,000 after purchasing an additional 51,494 shares in the last quarter. LSV Asset Management lifted its position in Jackson Financial by 1.4% during the third quarter. LSV Asset Management now owns 847,798 shares of the company’s stock valued at $85,823,000 after purchasing an additional 11,560 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in Jackson Financial by 12.2% during the third quarter. Victory Capital Management Inc. now owns 601,151 shares of the company’s stock valued at $60,855,000 after purchasing an additional 65,202 shares in the last quarter. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Jackson Financial Price Performance

Shares of Jackson Financial stock opened at $107.12 on Friday. The stock’s 50-day simple moving average is $107.77 and its 200-day simple moving average is $107.56. Jackson Financial Inc. has a 52 week low of $78.76 and a 52 week high of $123.61. The company has a market capitalization of $7.47 billion, a price-to-earnings ratio of -17.53 and a beta of 1.39. 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 announced its quarterly earnings data on Wednesday, February 18th. The company reported $6.61 EPS for the quarter, beating the consensus estimate of $5.90 by $0.71. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the previous year, the firm earned $4.65 earnings per share. Jackson Financial’s revenue was down 2.8% on a year-over-year basis.

Jackson Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Thursday, June 11th. Jackson Financial’s payout ratio is presently -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.