WINTON GROUP Ltd Sells 13,948 Shares of Jackson Financial Inc. $JXN

WINTON GROUP Ltd trimmed its position in Jackson Financial Inc. (NYSE:JXN) by 22.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,353 shares of the company’s stock after selling 13,948 shares during the period. WINTON GROUP Ltd owned approximately 0.07% of Jackson Financial worth $5,050,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JXN. Allworth Financial LP increased its position in Jackson Financial by 404.0% in the 3rd quarter. Allworth Financial LP now owns 252 shares of the company’s stock valued at $26,000 after buying an additional 202 shares in the last quarter. Optiver Holding B.V. increased its position in Jackson Financial by 469.2% in the 3rd quarter. Optiver Holding B.V. now owns 296 shares of the company’s stock valued at $30,000 after buying an additional 244 shares in the last quarter. Rothschild Investment LLC increased its position in Jackson Financial by 79.9% in the 4th quarter. Rothschild Investment LLC now owns 322 shares of the company’s stock valued at $34,000 after buying an additional 143 shares in the last quarter. Plato Investment Management Ltd bought a new stake in Jackson Financial in the 4th quarter valued at about $35,000. Finally, Advisory Services Network LLC bought a new stake in Jackson Financial in the 3rd quarter valued at about $37,000. 89.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on JXN. Wall Street Zen lowered Jackson Financial from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Keefe, Bruyette & Woods boosted their price objective on Jackson Financial from $120.00 to $125.00 and gave the stock a “market perform” rating in a report on Wednesday, May 13th. Barclays decreased their price objective 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 report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $115.80.

Jackson Financial Stock Performance

Shares of JXN opened at $107.85 on Friday. 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 50 day moving average price of $107.93 and a two-hundred day moving average price of $108.28. The firm has a market capitalization of $7.52 billion, a P/E ratio of -17.65 and a beta of 1.32. Jackson Financial Inc. has a 52 week low of $80.25 and a 52 week high of $123.61.

Jackson Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be issued a $0.90 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $3.60 annualized dividend and a dividend yield of 3.3%. Jackson Financial’s dividend payout ratio is currently -58.92%.

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.