World Investment Advisors Takes Position in Jackson Financial Inc. $JXN

World Investment Advisors purchased a new position in shares of Jackson Financial Inc. (NYSE:JXN) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 9,958 shares of the company’s stock, valued at approximately $1,062,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in JXN. Integrated Wealth Concepts LLC increased its holdings in shares of Jackson Financial by 33.2% during the first quarter. Integrated Wealth Concepts LLC now owns 5,471 shares of the company’s stock valued at $458,000 after acquiring an additional 1,363 shares in the last quarter. Woodline Partners LP bought a new position in shares of Jackson Financial in the 1st quarter worth $4,081,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Jackson Financial by 3.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 210,836 shares of the company’s stock valued at $17,664,000 after purchasing an additional 7,380 shares during the period. EverSource Wealth Advisors LLC grew its position in Jackson Financial by 55.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 911 shares of the company’s stock valued at $81,000 after purchasing an additional 325 shares during the period. Finally, Marshall Wace LLP acquired a new stake in Jackson Financial in the 2nd quarter valued at $986,000. Institutional investors own 89.96% of the company’s stock.

Jackson Financial Trading Up 0.2%

NYSE JXN opened at $107.05 on Monday. The firm has a market capitalization of $7.47 billion, a P/E ratio of -17.52 and a beta of 1.32. The business has a fifty day simple moving average of $108.62 and a 200 day simple moving average of $109.30. Jackson Financial Inc. has a 12 month low of $82.30 and a 12 month high of $123.61. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be paid a $0.90 dividend. The ex-dividend date is Thursday, June 11th. This represents a $3.60 annualized dividend and a dividend yield of 3.4%. Jackson Financial’s dividend payout ratio is presently -58.92%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Jackson Financial from $120.00 to $125.00 and gave the stock a “market perform” rating in a report on Wednesday, May 13th. Barclays reduced their price objective on shares of Jackson Financial from $138.00 to $136.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. 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. Finally, Wall Street Zen lowered shares of Jackson Financial from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. One investment 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $115.80.

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.