Goldman Sachs Group Inc. Has $158.05 Million Stake in Jackson Financial Inc. $JXN

Goldman Sachs Group Inc. decreased its stake in shares of Jackson Financial Inc. (NYSE:JXN) by 17.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,481,922 shares of the company’s stock after selling 315,132 shares during the period. Goldman Sachs Group Inc. owned 2.18% of Jackson Financial worth $158,047,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. lifted its position in shares of Jackson Financial by 12.2% in the 3rd quarter. Victory Capital Management Inc. now owns 601,151 shares of the company’s stock worth $60,855,000 after acquiring an additional 65,202 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Jackson Financial in the 3rd quarter worth approximately $1,255,000. Kingsview Wealth Management LLC bought a new stake in shares of Jackson Financial in the 3rd quarter worth approximately $3,373,000. NewSquare Capital LLC lifted its position in shares of Jackson Financial by 343,300.0% in the 3rd quarter. NewSquare Capital LLC now owns 10,302 shares of the company’s stock worth $1,043,000 after acquiring an additional 10,299 shares during the period. Finally, Horizon Investments LLC bought a new stake in shares of Jackson Financial in the 4th quarter worth approximately $2,638,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Jackson Financial Price Performance

Jackson Financial stock opened at $107.85 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market capitalization of $7.52 billion, a PE ratio of -17.65 and a beta of 1.32. Jackson Financial Inc. has a one year low of $80.25 and a one year high of $123.61. The business has a 50 day simple moving average of $107.93 and a 200 day simple moving average of $108.41.

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 given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Thursday, June 11th. Jackson Financial’s dividend payout ratio (DPR) is -58.92%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on JXN shares. Barclays reduced their price objective on Jackson Financial from $138.00 to $136.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Weiss Ratings downgraded Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. Keefe, Bruyette & Woods raised their target price on Jackson Financial from $120.00 to $125.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen downgraded Jackson Financial from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. One 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target 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.