Profund Advisors LLC Acquires 5,310 Shares of Jackson Financial Inc. $JXN

Profund Advisors LLC boosted its holdings in Jackson Financial Inc. (NYSE:JXN) by 126.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,506 shares of the company’s stock after acquiring an additional 5,310 shares during the quarter. Profund Advisors LLC’s holdings in Jackson Financial were worth $1,014,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of JXN. Amundi increased its position in shares of Jackson Financial by 1,446.4% during the 3rd quarter. Amundi now owns 193,825 shares of the company’s stock valued at $19,696,000 after purchasing an additional 181,291 shares during the last quarter. Focus Partners Wealth bought a new position in shares of Jackson Financial during the 3rd quarter valued at about $15,812,000. Kennedy Capital Management LLC bought a new position in shares of Jackson Financial during the 3rd quarter valued at about $15,806,000. Two Sigma Investments LP increased its position in shares of Jackson Financial by 97.7% during the 3rd quarter. Two Sigma Investments LP now owns 232,624 shares of the company’s stock valued at $23,549,000 after purchasing an additional 114,954 shares during the last quarter. Finally, Cambria Investment Management L.P. increased its position in shares of Jackson Financial by 1,431.6% during the 3rd quarter. Cambria Investment Management L.P. now owns 97,270 shares of the company’s stock valued at $9,847,000 after purchasing an additional 90,919 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Jackson Financial Trading Down 2.4%

Shares of JXN stock opened at $108.19 on Friday. The stock has a market capitalization of $7.55 billion, a PE ratio of -17.71 and a beta of 1.39. Jackson Financial Inc. has a 1-year low of $78.76 and a 1-year high of $123.61. The business has a 50-day moving average of $107.78 and a 200 day moving average of $107.56. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.27 and a quick ratio of 0.27.

Jackson Financial (NYSE:JXN) last issued its earnings results on Wednesday, February 18th. The company reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.90 by $0.71. The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.92 billion. The company’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.65 earnings per share.

Jackson Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be issued a dividend of $0.90 per share. The ex-dividend date is Thursday, June 11th. This represents a $3.60 annualized dividend and a 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.