CenterBook Partners LP Boosts Stock Holdings in Jackson Financial Inc. $JXN

CenterBook Partners LP grew its stake in shares of Jackson Financial Inc. (NYSE:JXN) by 50.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 23,084 shares of the company’s stock after purchasing an additional 7,755 shares during the quarter. CenterBook Partners LP’s holdings in Jackson Financial were worth $2,462,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of JXN. RWC Asset Management LLP increased its stake in shares of Jackson Financial by 14.4% in the fourth quarter. RWC Asset Management LLP now owns 50,037 shares of the company’s stock worth $5,336,000 after buying an additional 6,317 shares during the period. Los Angeles Capital Management LLC bought a new stake in Jackson Financial in the 4th quarter worth $74,000. Vise Technologies Inc. increased its position in shares of Jackson Financial by 60.1% in the fourth quarter. Vise Technologies Inc. now owns 7,051 shares of the company’s stock valued at $752,000 after acquiring an additional 2,647 shares during the period. Daiwa Securities Group Inc. bought a new position in shares of Jackson Financial during the fourth quarter valued at about $245,000. Finally, State of Wyoming raised its stake in shares of Jackson Financial by 40.6% during the fourth quarter. State of Wyoming now owns 2,934 shares of the company’s stock valued at $313,000 after acquiring an additional 847 shares during the last quarter. Institutional investors own 89.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on JXN. Keefe, Bruyette & Woods raised their target price on Jackson Financial from $120.00 to $125.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 13th. Wall Street Zen cut Jackson Financial from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Barclays decreased their target price on Jackson Financial from $138.00 to $136.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Finally, Weiss Ratings lowered 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 issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $115.80.

Jackson Financial Stock Performance

Jackson Financial stock opened at $107.38 on Wednesday. Jackson Financial Inc. has a fifty-two week low of $80.25 and a fifty-two week high of $123.61. The stock’s 50 day simple moving average is $108.08 and its two-hundred day simple moving average is $108.62. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.27 and a current ratio of 0.27. The stock has a market cap of $7.49 billion, a price-to-earnings ratio of -17.57 and a beta of 1.32.

Jackson Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is 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.