Dimensional Fund Advisors LP Raises Holdings in Jackson Financial Inc. $JXN

Dimensional Fund Advisors LP raised its stake in Jackson Financial Inc. (NYSE:JXN) by 0.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,060,350 shares of the company’s stock after purchasing an additional 18,740 shares during the period. Dimensional Fund Advisors LP owned about 0.06% of Jackson Financial worth $429,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in JXN. Allworth Financial LP grew its position in shares of Jackson Financial by 404.0% during the third 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 raised its holdings in 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 worth approximately $35,000. Advisory Services Network LLC purchased a new position in Jackson Financial in the third quarter worth approximately $37,000. Finally, Employees Retirement System of Texas acquired a new position in Jackson Financial during the 3rd quarter worth approximately $38,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Weiss Ratings downgraded shares of Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. Barclays boosted their target price on shares of Jackson Financial from $136.00 to $139.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 7th. Keefe, Bruyette & Woods raised their price target on Jackson Financial from $125.00 to $130.00 and gave the company a “market perform” rating in a research note on Monday, July 13th. Jefferies Financial Group raised Jackson Financial from a “hold” rating to a “buy” rating and lifted their price target for the stock from $120.00 to $140.00 in a report on Friday, July 10th. Finally, Wall Street Zen cut Jackson Financial from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $126.40.

Jackson Financial Stock Down 2.0%

Jackson Financial stock opened at $123.13 on Tuesday. The company has a market capitalization of $8.59 billion, a P/E ratio of -20.15 and a beta of 1.32. 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 fifty-two week low of $82.65 and a fifty-two week high of $126.69. The stock has a 50-day simple moving average of $109.41 and a 200-day simple moving average of $110.41.

Jackson Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th were issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, June 11th. Jackson Financial’s dividend payout ratio is presently -58.92%.

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.