5,343 Shares in Jackson Financial Inc. $JXN Acquired by Fieldview Capital Management LLC

Fieldview Capital Management LLC purchased a new position in shares of Jackson Financial Inc. (NYSE:JXN) during the fourth quarter, Holdings Channel reports. The firm purchased 5,343 shares of the company’s stock, valued at approximately $570,000.

A number of other hedge funds have also recently added to or reduced their stakes in JXN. Allworth Financial LP grew its stake in Jackson Financial by 404.0% during the 3rd quarter. Allworth Financial LP now owns 252 shares of the company’s stock worth $26,000 after buying an additional 202 shares during the last quarter. Optiver Holding B.V. grew its stake in shares of Jackson Financial by 469.2% in the 3rd quarter. Optiver Holding B.V. now owns 296 shares of the company’s stock valued at $30,000 after purchasing an additional 244 shares during the last quarter. Rothschild Investment LLC grew its stake in shares of Jackson Financial by 79.9% in the 4th quarter. Rothschild Investment LLC now owns 322 shares of the company’s stock valued at $34,000 after purchasing an additional 143 shares during the last quarter. Plato Investment Management Ltd purchased a new position in shares of Jackson Financial in the 4th quarter valued at approximately $35,000. Finally, Advisory Services Network LLC purchased a new position in shares of Jackson Financial in 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 Up 0.9%

Jackson Financial stock opened at $109.70 on Tuesday. 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 1-year low of $82.07 and a 1-year high of $123.61. The company has a market cap of $7.65 billion, a PE ratio of -17.95 and a beta of 1.32. The stock’s 50 day moving average price is $108.40 and its 200 day moving average price is $109.02.

Jackson Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors 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 dividend yield of 3.3%. Jackson Financial’s payout ratio is -58.92%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Weiss Ratings downgraded Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 12th. Keefe, Bruyette & Woods lifted their target price on Jackson Financial from $120.00 to $125.00 and gave the company a “market perform” rating in a research note on Wednesday, May 13th. Barclays lowered their target price on Jackson Financial from $138.00 to $136.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Finally, Wall Street Zen downgraded Jackson Financial from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. One 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 company. According to MarketBeat, Jackson Financial currently 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.