Leonteq Securities AG Takes $573,000 Position in Jackson Financial Inc. $JXN

Leonteq Securities AG bought a new stake in Jackson Financial Inc. (NYSE:JXN) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,373 shares of the company’s stock, valued at approximately $573,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in JXN. Allworth Financial LP increased its position in Jackson Financial by 404.0% during the 3rd quarter. Allworth Financial LP now owns 252 shares of the company’s stock valued at $26,000 after buying an additional 202 shares in the last quarter. Cullen Frost Bankers Inc. bought a new position in Jackson Financial during the 3rd quarter valued at approximately $28,000. Optiver Holding B.V. increased its position in Jackson Financial by 469.2% during the 3rd quarter. Optiver Holding B.V. now owns 296 shares of the company’s stock valued at $30,000 after buying an additional 244 shares in the last quarter. Plato Investment Management Ltd bought a new position in Jackson Financial during the 4th quarter valued at approximately $35,000. Finally, Advisory Services Network LLC bought a new position in Jackson Financial during the 3rd quarter valued at approximately $37,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Jackson Financial Stock Performance

Shares of JXN opened at $107.12 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.27 and a quick ratio of 0.27. Jackson Financial Inc. has a one year low of $78.76 and a one year high of $123.61. The firm has a market capitalization of $7.47 billion, a P/E ratio of -17.53 and a beta of 1.39. The business has a fifty day moving average of $107.77 and a 200 day moving average of $107.56.

Jackson Financial (NYSE:JXN) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $6.61 EPS for the quarter, topping the consensus estimate of $5.90 by $0.71. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the previous year, the firm earned $4.65 EPS. The business’s revenue was down 2.8% on a year-over-year basis.

Jackson Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be issued a $0.90 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $3.60 annualized dividend and a dividend yield of 3.4%. Jackson Financial’s payout ratio is presently -58.92%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on JXN. Keefe, Bruyette & Woods raised their price objective 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. Wall Street Zen lowered Jackson Financial from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Barclays reduced their price objective on Jackson Financial from $138.00 to $136.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Finally, Weiss Ratings lowered Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. One investment 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $115.80.

Jackson Financial 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.