NewSquare Capital LLC Has $1.04 Million Holdings in Jackson Financial Inc. $JXN

NewSquare Capital LLC increased its holdings in Jackson Financial Inc. (NYSE:JXN) by 343,300.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,302 shares of the company’s stock after purchasing an additional 10,299 shares during the period. NewSquare Capital LLC’s holdings in Jackson Financial were worth $1,043,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Cullen Frost Bankers Inc. bought a new stake in shares of Jackson Financial in the 3rd quarter valued at about $28,000. Twin Peaks Wealth Advisors LLC bought a new stake in Jackson Financial in the second quarter valued at approximately $30,000. Optiver Holding B.V. boosted its holdings in Jackson Financial by 469.2% in the third quarter. Optiver Holding B.V. now owns 296 shares of the company’s stock valued at $30,000 after acquiring an additional 244 shares during the last quarter. Bayforest Capital Ltd raised its holdings in Jackson Financial by 541.2% during the 3rd quarter. Bayforest Capital Ltd now owns 327 shares of the company’s stock worth $33,000 after purchasing an additional 276 shares during the last quarter. Finally, Salomon & Ludwin LLC acquired a new position in shares of Jackson Financial in the 3rd quarter worth approximately $34,000. 89.96% of the stock is owned by institutional investors.

Jackson Financial Price Performance

Shares of NYSE:JXN opened at $111.48 on Friday. The company has a market capitalization of $7.58 billion, a P/E ratio of -318.51 and a beta of 1.46. The company’s 50-day moving average is $113.79 and its 200 day moving average is $104.00. 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 fifty-two week low of $64.70 and a fifty-two week high of $123.61.

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

Jackson Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Monday, March 16th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 3.2%. This is a positive change from Jackson Financial’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Monday, March 16th. Jackson Financial’s dividend payout ratio is currently -1,028.57%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Morgan Stanley set a $105.00 price objective on shares of Jackson Financial in a research report on Monday, December 15th. Weiss Ratings reissued a “hold (c+)” rating on shares of Jackson Financial in a research report on Monday, December 29th. Wall Street Zen upgraded Jackson Financial from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Evercore set a $118.00 target price on Jackson Financial and gave the stock an “in-line” rating in a report on Tuesday, January 6th. Finally, Barclays reissued an “overweight” rating and issued a $137.00 price target on shares of Jackson Financial in a research note on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $113.00.

About Jackson Financial

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.