21,700 Shares in Jackson Financial Inc. $JXN Bought by William John Sempolinski

William John Sempolinski purchased a new stake in Jackson Financial Inc. (NYSE:JXN) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 21,700 shares of the company’s stock, valued at approximately $2,222,000. Jackson Financial comprises approximately 0.9% of William John Sempolinski’s holdings, making the stock its 25th largest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP raised 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 acquiring an additional 202 shares during the last quarter. Rothschild Investment LLC increased its position in 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 purchasing an additional 143 shares during the period. Plato Investment Management Ltd acquired a new stake in Jackson Financial during the 4th quarter valued at approximately $35,000. Advisory Services Network LLC bought a new position in Jackson Financial during the 3rd quarter worth approximately $37,000. Finally, Signature Equity Partners LLC bought a new position in Jackson Financial during the 1st quarter worth approximately $38,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on JXN shares. Barclays upped their price objective on shares of Jackson Financial from $139.00 to $149.00 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. Wall Street Zen upgraded shares of Jackson Financial from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Keefe, Bruyette & Woods upped their price target on shares of Jackson Financial from $130.00 to $140.00 and gave the company a “market perform” rating in a research report on Wednesday, August 5th. Jefferies Financial Group upgraded Jackson Financial from a “hold” rating to a “buy” rating and increased their price target for the stock from $120.00 to $140.00 in a report on Friday, July 10th. Finally, Weiss Ratings raised Jackson Financial from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $133.80.

Jackson Financial Stock Performance

NYSE:JXN opened at $140.49 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.53. Jackson Financial Inc. has a twelve month low of $89.67 and a twelve month high of $140.88. The company has a fifty day moving average of $124.70 and a 200-day moving average of $114.07. The firm has a market capitalization of $9.52 billion, a P/E ratio of 197.88 and a beta of 1.30.

Jackson Financial (NYSE:JXN) last posted its quarterly earnings results on Monday, August 3rd. The company reported $7.30 EPS for the quarter, topping analysts’ consensus estimates of $5.72 by $1.58. Jackson Financial had a net margin of 1.59% and a return on equity of 18.93%. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.91 billion.

Jackson Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Jackson Financial’s dividend payout ratio is 507.04%.

Insider Activity

In other Jackson Financial news, CEO Christopher Raub sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $130.69, for a total value of $653,450.00. Following the completion of the sale, the chief executive officer owned 42,160 shares of the company’s stock, valued at approximately $5,509,890.40. This trade represents a 10.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Carrie Chelko sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $134.24, for a total value of $1,006,800.00. Following the sale, the executive vice president owned 80,914 shares of the company’s stock, valued at approximately $10,861,895.36. This represents a 8.48% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.40% of the company’s stock.

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.