Yousif Capital Management LLC Sells 5,343 Shares of Jackson Financial Inc. $JXN

Yousif Capital Management LLC trimmed its position in shares of Jackson Financial Inc. (NYSE:JXN) by 18.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,347 shares of the company’s stock after selling 5,343 shares during the quarter. Yousif Capital Management LLC’s holdings in Jackson Financial were worth $2,363,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in JXN. Donald Smith & CO. Inc. raised its holdings in Jackson Financial by 2.0% in the 2nd quarter. Donald Smith & CO. Inc. now owns 1,699,087 shares of the company’s stock valued at $150,862,000 after buying an additional 33,040 shares during the last quarter. Acadian Asset Management LLC increased its position in Jackson Financial by 1.5% in the 2nd quarter. Acadian Asset Management LLC now owns 1,359,477 shares of the company’s stock valued at $120,685,000 after acquiring an additional 20,212 shares during the period. Norges Bank acquired a new position in Jackson Financial in the 2nd quarter valued at approximately $102,131,000. LSV Asset Management raised its stake in shares of Jackson Financial by 28.3% during the second quarter. LSV Asset Management now owns 836,238 shares of the company’s stock valued at $74,250,000 after acquiring an additional 184,440 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Jackson Financial by 21.3% during the second quarter. Invesco Ltd. now owns 719,575 shares of the company’s stock worth $63,891,000 after purchasing an additional 126,264 shares during the period. Institutional investors and hedge funds own 89.96% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Barclays raised their target price on Jackson Financial from $125.00 to $128.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Weiss Ratings restated a “hold (c+)” rating on shares of Jackson Financial in a research report on Monday, December 22nd. Keefe, Bruyette & Woods upped their target price on Jackson Financial from $105.00 to $110.00 and gave the company a “market perform” rating in a report on Thursday, October 9th. Morgan Stanley set a $105.00 target price on shares of Jackson Financial in a research report on Monday, December 15th. Finally, Zacks Research upgraded shares of Jackson Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $109.60.

Jackson Financial Stock Down 0.2%

Shares of NYSE:JXN opened at $108.29 on Friday. Jackson Financial Inc. has a 1 year low of $64.70 and a 1 year high of $109.16. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.27 and a quick ratio of 0.27. The business’s 50-day moving average is $99.22 and its 200-day moving average is $95.19. The company has a market capitalization of $7.36 billion, a price-to-earnings ratio of 14.98 and a beta of 1.45.

Jackson Financial (NYSE:JXN) last issued its earnings results on Wednesday, March 22nd. The company reported $6.26 earnings per share for the quarter. Jackson Financial had a return on equity of 15.73% and a net margin of 1.73%.The business had revenue of ($1,162.00) million during the quarter. Equities research analysts predict that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

Jackson Financial announced that its board has authorized a stock repurchase plan on Thursday, September 18th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 14.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Jackson Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were paid a $0.80 dividend. The ex-dividend date was Thursday, December 4th. This represents a $3.20 annualized dividend and a dividend yield of 3.0%. Jackson Financial’s payout ratio is currently 44.26%.

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.