WINTON GROUP Ltd Has $1.85 Million Stock Position in Jackson Financial Inc. $JXN

WINTON GROUP Ltd increased its stake in Jackson Financial Inc. (NYSE:JXN) by 48.2% during the second quarter, HoldingsChannel reports. The firm owned 18,062 shares of the company’s stock after acquiring an additional 5,874 shares during the period. WINTON GROUP Ltd’s holdings in Jackson Financial were worth $1,849,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its position in shares of Jackson Financial by 2.8% in the first quarter. Bank of New York Mellon Corp now owns 910,853 shares of the company’s stock worth $96,295,000 after acquiring an additional 24,747 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Jackson Financial in the 1st quarter valued at approximately $10,836,000. Walleye Capital LLC acquired a new position in Jackson Financial in the 1st quarter worth approximately $1,369,000. Bank of America Corp DE boosted its stake in Jackson Financial by 17.5% in the 1st quarter. Bank of America Corp DE now owns 325,222 shares of the company’s stock worth $34,382,000 after purchasing an additional 48,399 shares during the period. Finally, Candriam S.C.A. grew its position in Jackson Financial by 31.5% during the 1st quarter. Candriam S.C.A. now owns 177,950 shares of the company’s stock worth $18,813,000 after purchasing an additional 42,607 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Insider Buying and Selling at Jackson Financial

In other Jackson Financial news, CEO Christopher Raub sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $130.69, for a total value of $653,450.00. Following the transaction, the chief executive officer 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 document filed with the SEC, which is available through the SEC website. Also, EVP Carrie Chelko sold 7,500 shares of the company’s stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 80,914 shares in the company, valued at approximately $10,861,895.36. The trade was a 8.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on JXN. Weiss Ratings raised shares of Jackson Financial from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 4th. Wall Street Zen raised Jackson Financial from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Evercore set a $135.00 price target on Jackson Financial in a report on Wednesday, August 5th. Barclays upped their price target on Jackson Financial from $139.00 to $149.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. Finally, Keefe, Bruyette & Woods increased their price objective on Jackson Financial from $130.00 to $140.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Jackson Financial presently has an average rating of “Moderate Buy” and a consensus price target of $133.80.

Jackson Financial Stock Performance

Shares of JXN opened at $138.33 on Friday. The company has a market capitalization of $9.37 billion, a PE ratio of 194.84 and a beta of 1.30. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.26 and a current ratio of 0.26. The company’s 50 day moving average price is $128.12 and its 200 day moving average price is $114.88. Jackson Financial Inc. has a 52 week low of $89.67 and a 52 week high of $140.90.

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

Jackson Financial Dividend Announcement

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

Jackson Financial Company Profile

Jackson Financial Inc (NYSE:JXN) is a U.S.-based financial services company focused on providing retirement income solutions. Through its insurance subsidiaries, the company primarily develops and distributes annuity products designed to help individuals accumulate retirement savings and generate income during retirement.

Jackson’s product portfolio includes variable annuities, fixed annuities and registered index-linked annuities. Its offerings are distributed through financial professionals and other intermediary channels, serving individuals and institutions seeking tax-deferred retirement accumulation, income planning and related financial solutions.

Headquartered in Lansing, Michigan, Jackson primarily serves customers in the United States through Jackson National Life Insurance Company and related entities, including Jackson National Life Insurance Company of New York.