CSM Advisors LLC Boosts Stock Holdings in Jackson Financial Inc. $JXN

CSM Advisors LLC grew its stake in shares of Jackson Financial Inc. (NYSE:JXN) by 13.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,147 shares of the company’s stock after buying an additional 8,040 shares during the quarter. CSM Advisors LLC owned 0.10% of Jackson Financial worth $6,696,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of JXN. Integrated Wealth Concepts LLC boosted its holdings in Jackson Financial by 33.2% during the 1st 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 period. Woodline Partners LP bought a new position in Jackson Financial during the 1st quarter worth approximately $4,081,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Jackson Financial by 3.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 210,836 shares of the company’s stock worth $17,664,000 after purchasing an additional 7,380 shares during the period. Envestnet Asset Management Inc. increased its stake in Jackson Financial by 10.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 21,083 shares of the company’s stock worth $1,872,000 after purchasing an additional 2,034 shares during the period. Finally, Bank of Montreal Can lifted its position in Jackson Financial by 1.1% in the second quarter. Bank of Montreal Can now owns 12,857 shares of the company’s stock valued at $1,142,000 after purchasing an additional 142 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Jackson Financial Price Performance

JXN opened at $104.64 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.27 and a current ratio of 0.27. Jackson Financial Inc. has a 52-week low of $64.70 and a 52-week high of $123.61. The stock has a market capitalization of $7.40 billion, a PE ratio of -298.97 and a beta of 1.46. The stock’s 50 day moving average price is $113.79 and its 200-day moving average price is $104.51.

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

Jackson Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Monday, March 16th will be given a $0.90 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $3.60 annualized dividend and a dividend yield of 3.4%. This is a positive change from Jackson Financial’s previous quarterly dividend of $0.80. Jackson Financial’s dividend payout ratio is -1,028.57%.

Analyst Ratings Changes

A number of analysts have recently weighed in on JXN shares. Evercore set a $118.00 price objective on Jackson Financial and gave the company an “in-line” rating in a research note on Tuesday, January 6th. Wall Street Zen raised shares of Jackson Financial from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Jackson Financial in a report on Monday, December 29th. Morgan Stanley set a $105.00 price target on shares of Jackson Financial in a research report on Monday, December 15th. Finally, Barclays reissued an “overweight” rating and issued a $137.00 price target on shares of Jackson Financial in a report on Thursday, January 8th. One 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 company. According to MarketBeat.com, Jackson Financial has an average rating of “Hold” and a consensus price target of $113.00.

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.