WINTON GROUP Ltd Sells 13,948 Shares of Jackson Financial Inc. $JXN

WINTON GROUP Ltd cut its holdings in Jackson Financial Inc. (NYSE:JXN) by 22.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,353 shares of the company’s stock after selling 13,948 shares during the period. WINTON GROUP Ltd’s holdings in Jackson Financial were worth $5,050,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Allworth Financial LP grew its holdings in shares of Jackson Financial by 404.0% in the third quarter. Allworth Financial LP now owns 252 shares of the company’s stock valued at $26,000 after acquiring an additional 202 shares in the last quarter. Optiver Holding B.V. grew its holdings in shares of Jackson Financial by 469.2% in the third quarter. Optiver Holding B.V. now owns 296 shares of the company’s stock valued at $30,000 after acquiring an additional 244 shares in the last quarter. Rothschild Investment LLC grew 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 acquiring an additional 143 shares in the last quarter. Plato Investment Management Ltd purchased a new position in Jackson Financial in the fourth quarter valued at approximately $35,000. Finally, Advisory Services Network LLC bought a new position in Jackson Financial during the third quarter valued at $37,000. 89.96% of the stock is owned by institutional investors.

Jackson Financial Stock Performance

NYSE:JXN opened at $107.85 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.27 and a current ratio of 0.27. Jackson Financial Inc. has a 52-week low of $80.25 and a 52-week high of $123.61. The firm has a market cap of $7.52 billion, a price-to-earnings ratio of -17.65 and a beta of 1.32. The business’s fifty day moving average is $107.93 and its 200 day moving average is $108.28.

Jackson Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Thursday, June 11th. Jackson Financial’s payout ratio is presently -58.92%.

Wall Street Analysts Forecast Growth

JXN has been the subject of several research reports. Barclays reduced their price objective on Jackson Financial from $138.00 to $136.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Wall Street Zen lowered Jackson Financial from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Weiss Ratings lowered Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th. Finally, Keefe, Bruyette & Woods increased their price objective on Jackson Financial from $120.00 to $125.00 and gave the company a “market perform” rating in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Jackson Financial currently has a consensus rating of “Hold” and a consensus target price of $115.80.

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.