GSA Capital Partners LLP Grows Stock Holdings in Jackson Financial Inc. $JXN

GSA Capital Partners LLP boosted its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 224.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,289 shares of the company’s stock after purchasing an additional 19,563 shares during the quarter. Jackson Financial comprises about 0.3% of GSA Capital Partners LLP’s investment portfolio, making the stock its 22nd largest position. GSA Capital Partners LLP’s holdings in Jackson Financial were worth $3,017,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. raised its stake in Jackson Financial by 12.2% during the third quarter. Victory Capital Management Inc. now owns 601,151 shares of the company’s stock valued at $60,855,000 after purchasing an additional 65,202 shares in the last quarter. Jackson Creek Investment Advisors LLC bought a new position in Jackson Financial during the third quarter valued at $2,009,000. Skandinaviska Enskilda Banken AB publ bought a new position in Jackson Financial during the third quarter valued at $1,255,000. Kingsview Wealth Management LLC bought a new position in Jackson Financial during the third quarter valued at $3,373,000. Finally, Federated Hermes Inc. increased its position in Jackson Financial by 6.4% during the third quarter. Federated Hermes Inc. now owns 854,435 shares of the company’s stock valued at $86,494,000 after acquiring an additional 51,494 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Jackson Financial Trading Up 0.8%

NYSE JXN opened at $110.71 on Tuesday. The company’s 50-day moving average price is $107.79 and its 200-day moving average price is $107.35. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.49. The stock has a market cap of $7.72 billion, a PE ratio of -18.12 and a beta of 1.39. Jackson Financial Inc. has a 12 month low of $78.76 and a 12 month high of $123.61.

Jackson Financial (NYSE:JXN) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $6.61 EPS for the quarter, topping analysts’ consensus estimates 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. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.65 earnings per share.

Jackson Financial Dividend Announcement

The business also recently declared 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 is Thursday, June 11th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.3%. Jackson Financial’s dividend payout ratio is presently -58.92%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on JXN. Barclays cut their price objective on shares of Jackson Financial from $138.00 to $136.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Weiss Ratings cut shares of Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. Wall Street Zen cut shares of Jackson Financial from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Jackson Financial from $120.00 to $125.00 and gave the company a “market perform” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $115.80.

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.