Fox Run Management L.L.C. Has $1.96 Million Position in Jackson Financial Inc. $JXN

Fox Run Management L.L.C. lifted its stake in Jackson Financial Inc. (NYSE:JXN) by 92.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,381 shares of the company’s stock after purchasing an additional 8,834 shares during the period. Fox Run Management L.L.C.’s holdings in Jackson Financial were worth $1,960,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JXN. Integrated Wealth Concepts LLC boosted its stake in Jackson Financial by 33.2% in the first quarter. Integrated Wealth Concepts LLC now owns 5,471 shares of the company’s stock valued at $458,000 after acquiring an additional 1,363 shares during the last quarter. Woodline Partners LP bought a new position in Jackson Financial in the first quarter valued at approximately $4,081,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Jackson Financial by 3.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 210,836 shares of the company’s stock valued at $17,664,000 after acquiring an additional 7,380 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Jackson Financial by 55.5% in the second quarter. EverSource Wealth Advisors LLC now owns 911 shares of the company’s stock valued at $81,000 after acquiring an additional 325 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in Jackson Financial in the second quarter valued at approximately $986,000. 89.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on JXN shares. Weiss Ratings cut shares of Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 12th. Barclays reduced their price objective on shares of Jackson Financial from $138.00 to $136.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Keefe, Bruyette & Woods raised their price objective on shares of Jackson Financial from $120.00 to $125.00 and gave the company a “market perform” rating in a research note on Wednesday, May 13th. Finally, Wall Street Zen cut shares of Jackson Financial from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $115.80.

Jackson Financial Trading Down 0.5%

Shares of NYSE JXN opened at $107.33 on Tuesday. The company’s fifty day moving average is $107.96 and its 200-day moving average is $108.52. The stock has a market cap of $7.49 billion, a price-to-earnings ratio of -17.57 and a beta of 1.32. Jackson Financial Inc. has a twelve month low of $80.25 and a twelve month high of $123.61. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.49.

Jackson Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Thursday, June 11th. Jackson Financial’s dividend payout ratio (DPR) is currently -58.92%.

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.