Element Capital Management LLC Makes New Investment in Jackson Financial Inc. $JXN

Element Capital Management LLC acquired a new stake in Jackson Financial Inc. (NYSE:JXN) during the third quarter, according to its most recent filing with the SEC. The firm acquired 12,288 shares of the company’s stock, valued at approximately $1,244,000. Jackson Financial comprises approximately 1.8% of Element Capital Management LLC’s holdings, making the stock its 11th largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in JXN. Cullen Frost Bankers Inc. acquired a new position in shares of Jackson Financial during the third quarter valued at $28,000. Twin Peaks Wealth Advisors LLC bought a new position in Jackson Financial in the second quarter valued at about $30,000. Optiver Holding B.V. increased its position in Jackson Financial by 469.2% in the third quarter. Optiver Holding B.V. now owns 296 shares of the company’s stock worth $30,000 after purchasing an additional 244 shares during the period. Bayforest Capital Ltd raised its holdings in Jackson Financial by 541.2% during the 3rd quarter. Bayforest Capital Ltd now owns 327 shares of the company’s stock worth $33,000 after purchasing an additional 276 shares during the last quarter. Finally, Salomon & Ludwin LLC bought a new stake in Jackson Financial during the 3rd quarter worth about $34,000. Institutional investors own 89.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Evercore set a $118.00 target price on shares of Jackson Financial and gave the company an “in-line” rating in a research note on Tuesday, January 6th. Barclays restated an “overweight” rating and issued a $137.00 price objective on shares of Jackson Financial in a report on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jackson Financial in a research note on Monday, December 29th. Morgan Stanley set a $105.00 target price on shares of Jackson Financial in a report on Monday, December 15th. Finally, Wall Street Zen raised Jackson Financial from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $113.00.

Jackson Financial Price Performance

Jackson Financial stock opened at $104.64 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $7.40 billion, a P/E ratio of -298.97 and a beta of 1.46. The business has a 50-day moving average of $113.79 and a 200-day moving average of $104.51. Jackson Financial Inc. has a 1 year low of $64.70 and a 1 year high of $123.61.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $6.61 earnings per share for the quarter, beating analysts’ consensus estimates of $5.90 by $0.71. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the prior year, the business earned $4.65 earnings per share. The business’s revenue was down 2.8% on a year-over-year basis. On average, equities analysts anticipate that Jackson Financial Inc. will post 20.55 EPS for the current year.

Jackson Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Monday, March 16th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 3.4%. This is a boost from Jackson Financial’s previous quarterly dividend of $0.80. The ex-dividend date is Monday, March 16th. Jackson Financial’s dividend payout ratio (DPR) is -1,028.57%.

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.