25,282 Shares in Jackson Financial Inc. $JXN Purchased by Artemis Investment Management LLP

Artemis Investment Management LLP acquired a new stake in Jackson Financial Inc. (NYSE:JXN) during the fourth quarter, Holdings Channel reports. The firm acquired 25,282 shares of the company’s stock, valued at approximately $2,696,000.

Several other institutional investors have also added to or reduced their stakes in JXN. Jackson Creek Investment Advisors LLC purchased a new stake in Jackson Financial in the 3rd quarter worth $2,009,000. Victory Capital Management Inc. lifted its holdings 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. Kingsview Wealth Management LLC purchased a new stake in shares of Jackson Financial during the third quarter worth about $3,373,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Jackson Financial during the third quarter worth about $1,255,000. Finally, Federated Hermes Inc. raised its position in shares of Jackson Financial by 6.4% during the 3rd quarter. Federated Hermes Inc. now owns 854,435 shares of the company’s stock worth $86,494,000 after purchasing an additional 51,494 shares during the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on JXN. Barclays decreased their price target on shares of Jackson Financial from $138.00 to $136.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Keefe, Bruyette & Woods decreased their target price on Jackson Financial from $123.00 to $120.00 and set a “market perform” rating on the stock in a research report on Friday, April 10th. Wall Street Zen lowered Jackson Financial from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Finally, Evercore set a $118.00 price target on Jackson Financial and gave the stock an “in-line” rating in a research report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Jackson Financial currently has an average rating of “Hold” and an average target price of $114.80.

Jackson Financial Stock Performance

Shares of Jackson Financial stock opened at $114.47 on Friday. The business’s 50 day moving average price is $108.14 and its 200 day moving average price is $106.40. The company has a market cap of $8.06 billion, a price-to-earnings ratio of -327.05 and a beta of 1.39. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.27 and a current ratio of 0.27. Jackson Financial Inc. has a one year low of $78.76 and a one year high of $123.61.

Jackson Financial (NYSE:JXN) last issued its earnings results on Wednesday, February 18th. The company reported $6.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.90 by $0.71. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same period last year, the business earned $4.65 earnings per share. The firm’s revenue was down 2.8% compared to the same quarter last year.

Jackson Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Monday, March 16th were issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 3.1%. The ex-dividend date was Monday, March 16th. This is a positive change from Jackson Financial’s previous quarterly dividend of $0.80. Jackson Financial’s dividend payout ratio (DPR) is presently -1,028.57%.

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.