California Public Employees Retirement System Purchases 5,828 Shares of Jackson Financial Inc. (NYSE:JXN)

California Public Employees Retirement System increased its position in Jackson Financial Inc. (NYSE:JXNFree Report) by 3.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 155,781 shares of the company’s stock after purchasing an additional 5,828 shares during the period. California Public Employees Retirement System’s holdings in Jackson Financial were worth $5,954,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Principal Financial Group Inc. lifted its stake in Jackson Financial by 913.5% during the 3rd quarter. Principal Financial Group Inc. now owns 450,549 shares of the company’s stock valued at $17,220,000 after acquiring an additional 406,093 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Jackson Financial by 240.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,370 shares of the company’s stock valued at $129,000 after acquiring an additional 2,380 shares in the last quarter. Kendall Capital Management lifted its stake in Jackson Financial by 16.2% during the 3rd quarter. Kendall Capital Management now owns 50,950 shares of the company’s stock valued at $1,947,000 after acquiring an additional 7,120 shares in the last quarter. AlphaMark Advisors LLC bought a new position in Jackson Financial during the 3rd quarter valued at $312,000. Finally, Yousif Capital Management LLC bought a new position in Jackson Financial during the 3rd quarter valued at $1,372,000. 79.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on JXN shares. Morgan Stanley raised their price objective on Jackson Financial from $35.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 15th. Jefferies Financial Group reaffirmed a “hold” rating and set a $55.00 target price on shares of Jackson Financial in a research report on Tuesday, January 2nd. Finally, The Goldman Sachs Group raised their target price on Jackson Financial from $39.00 to $47.00 and gave the company a “neutral” rating in a research report on Tuesday, January 9th.

View Our Latest Analysis on Jackson Financial

Jackson Financial Trading Up 1.2 %

Shares of JXN opened at $51.39 on Wednesday. The business has a 50-day moving average of $49.64 and a 200 day moving average of $41.73. Jackson Financial Inc. has a fifty-two week low of $26.70 and a fifty-two week high of $53.00. The firm has a market cap of $4.09 billion, a P/E ratio of 2.45 and a beta of 1.55. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.34 and a current ratio of 0.34.

Jackson Financial (NYSE:JXNGet Free Report) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $3.80 earnings per share for the quarter, topping the consensus estimate of $3.57 by $0.23. The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period last year, the business posted $4.24 EPS. As a group, research analysts forecast that Jackson Financial Inc. will post 13.82 EPS for the current year.

Jackson Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 14th. Investors of record on Thursday, November 30th were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 4.83%. The ex-dividend date was Wednesday, November 29th. Jackson Financial’s dividend payout ratio (DPR) is currently 11.83%.

About Jackson Financial

(Free Report)

Jackson Financial Inc, through its subsidiaries, primarily provides a suite of annuities to retail investors in the United States. The company operates through three segments: Retail Annuities, Institutional Products, and Closed Life and Annuity Blocks. The Retail Annuities segment offers various retirement income and savings products, including variable, fixed index, fixed, and payout annuities, as well as registered index-linked annuities and lifetime income solutions.

See Also

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Institutional Ownership by Quarter for Jackson Financial (NYSE:JXN)

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