Patriot Financial Group Insurance Agency LLC Has $1.10 Million Stock Holdings in Jackson Financial Inc. $JXN

Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Jackson Financial Inc. (NYSE:JXN) by 119.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,408 shares of the company’s stock after purchasing an additional 5,660 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Jackson Financial were worth $1,100,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allworth Financial LP raised its position in shares of Jackson Financial by 404.0% in the third 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 period. Rothschild Investment LLC boosted its holdings in shares of 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 buying an additional 143 shares during the period. Plato Investment Management Ltd acquired a new position in Jackson Financial in the 4th quarter valued at about $35,000. Advisory Services Network LLC acquired a new position in Jackson Financial in the 3rd quarter valued at about $37,000. Finally, Employees Retirement System of Texas bought a new position in Jackson Financial in the 3rd quarter valued at about $38,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Jackson Financial Stock Down 1.6%

Shares of NYSE JXN opened at $105.08 on Tuesday. The stock has a market capitalization of $7.33 billion, a P/E ratio of -17.20 and a beta of 1.32. The stock’s fifty day moving average is $108.94 and its 200 day moving average is $109.66. Jackson Financial Inc. has a 52 week low of $82.65 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.

Jackson Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th were issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Thursday, June 11th. Jackson Financial’s dividend payout ratio (DPR) is currently -58.92%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods raised their price objective 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. Wall Street Zen downgraded Jackson Financial from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Weiss Ratings lowered Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 12th. Finally, Barclays reduced their price target on Jackson Financial from $138.00 to $136.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Jackson Financial currently has a consensus rating of “Hold” and an average target price 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.