Legato Capital Management LLC Invests $726,000 in Jackson Financial Inc. $JXN

Legato Capital Management LLC acquired a new position in shares of Jackson Financial Inc. (NYSE:JXN) in the 4th quarter, Holdings Channel.com reports. The fund acquired 6,812 shares of the company’s stock, valued at approximately $726,000.

Several other large investors also recently made changes to their positions in JXN. Integrated Wealth Concepts LLC grew its position in Jackson Financial by 33.2% in the first quarter. Integrated Wealth Concepts LLC now owns 5,471 shares of the company’s stock valued at $458,000 after purchasing an additional 1,363 shares in the last quarter. Woodline Partners LP bought a new position in Jackson Financial in the first quarter valued at $4,081,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position 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 in the last quarter. EverSource Wealth Advisors LLC grew its position 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 in the last quarter. Finally, Marshall Wace LLP bought a new position in Jackson Financial in the second quarter valued at $986,000. Institutional investors own 89.96% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on JXN shares. Keefe, Bruyette & Woods raised 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 report on Wednesday, May 13th. Wall Street Zen downgraded shares of Jackson Financial from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Weiss Ratings downgraded shares of Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. 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 report on Wednesday, April 8th. One equities research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $115.80.

Jackson Financial Stock Performance

Shares of JXN stock opened at $107.12 on Tuesday. The stock has a market cap of $7.47 billion, a P/E ratio of -17.53 and a beta of 1.39. 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 company has a fifty day moving average price of $107.82 and a two-hundred day moving average price of $107.66. Jackson Financial Inc. has a one year low of $78.76 and a one year high of $123.61.

Jackson Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th will be paid a $0.90 dividend. The ex-dividend date is Thursday, June 11th. This represents a $3.60 dividend on an annualized basis and a yield of 3.4%. Jackson Financial’s dividend payout ratio (DPR) is currently -58.92%.

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.