12,950 Shares in Jackson Financial Inc. $JXN Acquired by Walleye Capital LLC

Walleye Capital LLC bought a new position in shares of Jackson Financial Inc. (NYSE:JXN) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 12,950 shares of the company’s stock, valued at approximately $1,369,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP raised its stake in shares of Jackson Financial by 404.0% in the 3rd quarter. Allworth Financial LP now owns 252 shares of the company’s stock worth $26,000 after buying an additional 202 shares in the last quarter. Rothschild Investment LLC lifted its holdings in shares of Jackson Financial by 79.9% in the fourth quarter. Rothschild Investment LLC now owns 322 shares of the company’s stock valued at $34,000 after buying an additional 143 shares during the period. Plato Investment Management Ltd acquired a new stake in shares of Jackson Financial in the fourth quarter valued at $35,000. Advisory Services Network LLC bought a new position in Jackson Financial during the third quarter valued at about $37,000. Finally, Employees Retirement System of Texas bought a new position in Jackson Financial during the third quarter valued at about $38,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Jackson Financial Stock Performance

Shares of NYSE JXN opened at $116.32 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $8.11 billion, a price-to-earnings ratio of -19.04 and a beta of 1.32. The stock’s fifty day simple moving average is $110.13 and its 200 day simple moving average is $110.71. Jackson Financial Inc. has a 52-week low of $82.65 and a 52-week high of $126.69.

Jackson Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 11th were given a $0.90 dividend. The ex-dividend date was Thursday, June 11th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.1%. Jackson Financial’s dividend payout ratio (DPR) is -58.92%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on JXN. Jefferies Financial Group upgraded shares of Jackson Financial from a “hold” rating to a “buy” rating and boosted their price target for the stock from $120.00 to $140.00 in a research report on Friday, July 10th. Keefe, Bruyette & Woods raised their price objective on shares of Jackson Financial from $125.00 to $130.00 and gave the company a “market perform” rating in a research report on Monday, July 13th. Barclays raised their price objective on shares of Jackson Financial from $136.00 to $139.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Wall Street Zen downgraded shares of Jackson Financial from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Finally, Weiss Ratings downgraded shares of Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $126.40.

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.