RWC Asset Management LLP Has $5.34 Million Position in Jackson Financial Inc. $JXN

RWC Asset Management LLP raised its stake in shares of Jackson Financial Inc. (NYSE:JXN) by 14.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,037 shares of the company’s stock after buying an additional 6,317 shares during the period. RWC Asset Management LLP owned about 0.07% of Jackson Financial worth $5,336,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of JXN. Allworth Financial LP boosted its stake in shares of Jackson Financial by 404.0% during the 3rd quarter. Allworth Financial LP now owns 252 shares of the company’s stock valued at $26,000 after buying an additional 202 shares during the period. Optiver Holding B.V. boosted its stake in shares of Jackson Financial by 469.2% during the 3rd quarter. Optiver Holding B.V. now owns 296 shares of the company’s stock valued at $30,000 after buying an additional 244 shares during the period. Rothschild Investment LLC boosted its stake in shares of Jackson Financial by 79.9% during the 4th 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 during the 4th quarter valued at $35,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Jackson Financial during the 3rd quarter valued at $37,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of Jackson Financial from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Barclays decreased their target price on shares of Jackson Financial from $138.00 to $136.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Keefe, Bruyette & Woods lifted their target price on shares of Jackson Financial from $120.00 to $125.00 and gave the company a “market perform” rating in a research note on Wednesday, May 13th. Finally, Weiss Ratings lowered shares of Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $115.80.

Jackson Financial Stock Down 0.0%

Jackson Financial stock opened at $107.85 on Monday. The company has a market capitalization of $7.52 billion, a P/E ratio of -17.65 and a beta of 1.32. The firm’s fifty day simple moving average is $107.93 and its 200-day simple moving average is $108.41. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.49. Jackson Financial Inc. has a 1-year low of $80.25 and a 1-year high of $123.61.

Jackson Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be issued a dividend of $0.90 per share. 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 dividend payout ratio (DPR) is currently -58.92%.

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.