Jackson Financial Inc. $JXN Shares Bought by Squarepoint Ops LLC

Squarepoint Ops LLC increased its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 96.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166,794 shares of the company’s stock after buying an additional 81,970 shares during the period. Squarepoint Ops LLC owned about 0.25% of Jackson Financial worth $17,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. California State Teachers Retirement System lifted its stake in Jackson Financial by 9,102.2% in the 2nd quarter. California State Teachers Retirement System now owns 7,427,063 shares of the company’s stock valued at $760,457,000 after buying an additional 7,346,353 shares in the last quarter. Donald Smith & CO. Inc. purchased a new stake in Jackson Financial during the 2nd quarter worth approximately $183,186,000. Norges Bank acquired a new position in shares of Jackson Financial during the fourth quarter valued at approximately $129,878,000. Bank of New York Mellon Corp acquired a new position in shares of Jackson Financial during the second quarter valued at approximately $66,639,000. Finally, Hsbc Holdings PLC lifted its position in shares of Jackson Financial by 16.5% in the fourth quarter. Hsbc Holdings PLC now owns 1,550,942 shares of the company’s stock valued at $166,476,000 after acquiring an additional 220,095 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Jackson Financial Trading Up 1.3%

JXN opened at $138.37 on Thursday. The business has a fifty day moving average price of $126.77 and a 200 day moving average price of $114.56. The stock has a market capitalization of $9.37 billion, a price-to-earnings ratio of 194.89 and a beta of 1.30. Jackson Financial Inc. has a 12 month low of $89.67 and a 12 month high of $140.88. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.26 and a quick ratio of 0.26.

Jackson Financial (NYSE:JXN) last posted its earnings results on Monday, August 3rd. The company reported $7.30 EPS for the quarter, beating the consensus estimate of $5.72 by $1.58. Jackson Financial had a return on equity of 18.93% and a net margin of 1.59%.The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.91 billion.

Jackson Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.60 annualized dividend and a yield of 2.6%. Jackson Financial’s dividend payout ratio is currently 507.04%.

Insider Buying and Selling at Jackson Financial

In other news, CEO Christopher Raub sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $130.69, for a total transaction of $653,450.00. Following the transaction, the chief executive officer directly owned 42,160 shares in the company, valued at $5,509,890.40. The trade was a 10.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Carrie Chelko sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $134.24, for a total value of $1,006,800.00. Following the transaction, the executive vice president owned 80,914 shares in the company, valued at $10,861,895.36. The trade was a 8.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on JXN shares. Barclays boosted their price target on Jackson Financial from $139.00 to $149.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Jefferies Financial Group raised shares of Jackson Financial from a “hold” rating to a “buy” rating and upped their price objective for the company from $120.00 to $140.00 in a research note on Friday, July 10th. Keefe, Bruyette & Woods upped their price target on Jackson Financial from $130.00 to $140.00 and gave the company a “market perform” rating in a research report on Wednesday, August 5th. Evercore set a $135.00 price objective on Jackson Financial in a research note on Wednesday, August 5th. Finally, Weiss Ratings upgraded Jackson Financial from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $133.80.

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.