12,288 Shares in Jackson Financial Inc. $JXN Purchased by Element Capital Management LLC

Element Capital Management LLC acquired a new position in shares of Jackson Financial Inc. (NYSE:JXN) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 12,288 shares of the company’s stock, valued at approximately $1,244,000. Jackson Financial accounts for approximately 1.8% of Element Capital Management LLC’s portfolio, making the stock its 11th biggest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Cullen Frost Bankers Inc. purchased a new stake in shares of Jackson Financial in the third quarter worth approximately $28,000. Optiver Holding B.V. boosted its holdings in shares of Jackson Financial by 469.2% during the third quarter. Optiver Holding B.V. now owns 296 shares of the company’s stock worth $30,000 after purchasing an additional 244 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new position in Jackson Financial during the second quarter valued at approximately $30,000. Salomon & Ludwin LLC purchased a new position in Jackson Financial during the third quarter valued at approximately $34,000. Finally, Bayforest Capital Ltd increased its stake in Jackson Financial by 541.2% in the 3rd quarter. Bayforest Capital Ltd now owns 327 shares of the company’s stock valued at $33,000 after buying an additional 276 shares during the period. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Jackson Financial Trading Down 0.1%

Shares of NYSE:JXN opened at $104.64 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $7.40 billion, a PE ratio of -298.97 and a beta of 1.46. Jackson Financial Inc. has a 1 year low of $64.70 and a 1 year high of $123.61. The firm has a fifty day moving average price of $113.79 and a 200 day moving average price of $104.51.

Jackson Financial (NYSE:JXN) last released its quarterly earnings results on Wednesday, February 18th. The company reported $6.61 EPS for the quarter, beating analysts’ consensus estimates 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 prior year, the business earned $4.65 EPS. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. Analysts expect that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Monday, March 16th will be paid a $0.90 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $3.60 annualized dividend and a yield of 3.4%. This is a positive change from Jackson Financial’s previous quarterly dividend of $0.80. Jackson Financial’s payout ratio is presently -1,028.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Evercore set a $118.00 target price on shares of Jackson Financial and gave the stock an “in-line” rating in a research report on Tuesday, January 6th. Morgan Stanley set a $105.00 price target on shares of Jackson Financial in a research note on Monday, December 15th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Jackson Financial in a report on Monday, December 29th. Wall Street Zen raised Jackson Financial from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Finally, Barclays restated an “overweight” rating and issued a $137.00 target price on shares of Jackson Financial in a research note on Thursday, January 8th. One equities research 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $113.00.

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.