RWC Asset Management LLP Purchases 6,317 Shares of Jackson Financial Inc. $JXN

RWC Asset Management LLP increased its position in Jackson Financial Inc. (NYSE:JXN) by 14.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 50,037 shares of the company’s stock after buying an additional 6,317 shares during the period. RWC Asset Management LLP’s holdings in Jackson Financial were worth $5,336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the company. Los Angeles Capital Management LLC bought a new position in Jackson Financial in the 4th quarter worth $74,000. Vise Technologies Inc. raised its holdings in Jackson Financial by 60.1% in the 4th quarter. Vise Technologies Inc. now owns 7,051 shares of the company’s stock worth $752,000 after acquiring an additional 2,647 shares during the period. Daiwa Securities Group Inc. bought a new position in Jackson Financial in the 4th quarter worth $245,000. State of Wyoming raised its holdings in Jackson Financial by 40.6% in the 4th quarter. State of Wyoming now owns 2,934 shares of the company’s stock worth $313,000 after acquiring an additional 847 shares during the period. Finally, CIBC Asset Management Inc raised its holdings in Jackson Financial by 1.7% in the 4th quarter. CIBC Asset Management Inc now owns 6,946 shares of the company’s stock worth $741,000 after acquiring an additional 113 shares during the period. Institutional investors own 89.96% of the company’s stock.

Jackson Financial Stock Performance

NYSE JXN 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 firm has a market capitalization of $7.52 billion, a price-to-earnings ratio of -17.65 and a beta of 1.32. The company’s fifty day moving average is $107.93 and its two-hundred day moving average is $108.41. Jackson Financial Inc. has a 52-week low of $80.25 and a 52-week high of $123.61.

Jackson Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 3.3%. The ex-dividend date is Thursday, June 11th. Jackson Financial’s dividend payout ratio (DPR) is currently -58.92%.

Analysts Set New Price Targets

Several brokerages recently commented on JXN. Keefe, Bruyette & Woods lifted their target price on shares of Jackson Financial from $120.00 to $125.00 and gave the stock a “market perform” rating in a report on Wednesday, May 13th. Weiss Ratings downgraded shares of Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th. Wall Street Zen downgraded shares of Jackson Financial from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Finally, Barclays decreased their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $115.80.

About Jackson Financial

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.