Jackson Financial Inc. $JXN Shares Sold by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP decreased its position in shares of Jackson Financial Inc. (NYSE:JXN) by 37.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,757 shares of the company’s stock after selling 17,674 shares during the period. Brevan Howard Capital Management LP’s holdings in Jackson Financial were worth $3,012,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in JXN. Cullen Frost Bankers Inc. acquired a new position in shares of Jackson Financial in the 3rd quarter valued at approximately $28,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Jackson Financial during the second quarter worth approximately $30,000. Optiver Holding B.V. increased its stake 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 worth $30,000 after buying an additional 244 shares during the last quarter. Bayforest Capital Ltd raised its holdings in Jackson Financial by 541.2% in the third quarter. Bayforest Capital Ltd now owns 327 shares of the company’s stock valued at $33,000 after acquiring an additional 276 shares in the last quarter. Finally, Salomon & Ludwin LLC acquired a new stake in Jackson Financial in the third quarter valued at $34,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Jackson Financial Stock Down 1.1%

Shares of NYSE:JXN opened at $103.49 on Tuesday. The company’s fifty day moving average is $113.67 and its two-hundred day moving average is $104.59. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.27 and a current ratio of 0.27. Jackson Financial Inc. has a 1-year low of $64.70 and a 1-year high of $123.61. The stock has a market capitalization of $7.31 billion, a price-to-earnings ratio of -295.69 and a beta of 1.46.

Jackson Financial (NYSE:JXN) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $6.61 EPS for the quarter, beating the consensus estimate of $5.90 by $0.71. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same period last year, the firm posted $4.65 earnings per share. The company’s quarterly revenue was down 2.8% on a year-over-year basis. Equities analysts anticipate that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Monday, March 16th will be paid a $0.90 dividend. The ex-dividend date is Monday, March 16th. This is an increase from Jackson Financial’s previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a yield of 3.5%. Jackson Financial’s payout ratio is presently -914.29%.

Analyst Upgrades and Downgrades

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