Healthcare of Ontario Pension Plan Trust Fund Has $40.75 Million Holdings in Jackson Financial Inc. $JXN

Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Jackson Financial Inc. (NYSE:JXN) by 14.7% in the 4th quarter, Holdings Channel reports. The firm owned 382,081 shares of the company’s stock after buying an additional 49,081 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Jackson Financial were worth $40,749,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of JXN. Allworth Financial LP lifted its stake in shares of Jackson Financial by 404.0% in the 3rd quarter. Allworth Financial LP now owns 252 shares of the company’s stock valued at $26,000 after purchasing an additional 202 shares during the last quarter. Optiver Holding B.V. lifted its position in Jackson Financial by 469.2% during the 3rd quarter. Optiver Holding B.V. now owns 296 shares of the company’s stock worth $30,000 after acquiring an additional 244 shares during the last quarter. Rothschild Investment LLC lifted its position in Jackson Financial by 79.9% during the 4th quarter. Rothschild Investment LLC now owns 322 shares of the company’s stock worth $34,000 after acquiring an additional 143 shares during the last quarter. Plato Investment Management Ltd acquired a new position in Jackson Financial during the 4th quarter worth $35,000. Finally, Advisory Services Network LLC acquired a new position in Jackson Financial during the 3rd quarter worth $37,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Jackson Financial Stock Performance

NYSE:JXN opened at $108.71 on Monday. The firm’s 50-day moving average is $108.28 and its 200-day moving average is $108.93. Jackson Financial Inc. has a 52-week low of $80.25 and a 52-week high of $123.61. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market cap of $7.58 billion, a price-to-earnings ratio of -17.79 and a beta of 1.32.

Jackson Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders 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 dividend yield of 3.3%. Jackson Financial’s payout ratio is presently -58.92%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Barclays cut their target price on shares of Jackson Financial from $138.00 to $136.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Wall Street Zen lowered shares of Jackson Financial from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Keefe, Bruyette & Woods boosted their target price on shares of 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, Weiss Ratings lowered shares of Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average 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.