LSV Asset Management Raises Stake in Jackson Financial Inc. $JXN

LSV Asset Management raised its position in shares of Jackson Financial Inc. (NYSE:JXN) by 5.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 896,939 shares of the company’s stock after purchasing an additional 49,141 shares during the quarter. LSV Asset Management owned 1.32% of Jackson Financial worth $95,659,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC lifted its holdings in Jackson Financial by 14.0% during the fourth quarter. Global Retirement Partners LLC now owns 1,495 shares of the company’s stock valued at $159,000 after purchasing an additional 184 shares in the last quarter. Harmony Asset Management LLC lifted its holdings in Jackson Financial by 21.4% during the fourth quarter. Harmony Asset Management LLC now owns 15,338 shares of the company’s stock valued at $1,636,000 after purchasing an additional 2,700 shares in the last quarter. Leonteq Securities AG purchased a new position in Jackson Financial during the fourth quarter valued at approximately $573,000. Rathbones Group PLC lifted its holdings in Jackson Financial by 1.5% during the fourth quarter. Rathbones Group PLC now owns 27,453 shares of the company’s stock valued at $2,928,000 after purchasing an additional 396 shares in the last quarter. Finally, IFP Advisors Inc lifted its holdings in Jackson Financial by 14.1% during the fourth quarter. IFP Advisors Inc now owns 2,292 shares of the company’s stock valued at $244,000 after purchasing an additional 283 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on JXN shares. 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 report on Wednesday, May 13th. Weiss Ratings downgraded shares of Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th. Barclays lowered their target price on shares of Jackson Financial from $138.00 to $136.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Finally, Wall Street Zen downgraded shares of Jackson Financial from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $115.80.

Jackson Financial Price Performance

Jackson Financial stock opened at $107.12 on Friday. The company has a market cap of $7.47 billion, a price-to-earnings ratio of -17.53 and a beta of 1.39. The firm’s fifty day moving average is $107.77 and its 200 day moving average is $107.56. 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 Inc. has a 52-week low of $78.76 and a 52-week high of $123.61.

Jackson Financial (NYSE:JXN) last released its quarterly earnings results on Wednesday, February 18th. The company reported $6.61 earnings per share (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 analysts’ expectations of $1.92 billion. Jackson Financial’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned $4.65 EPS.

Jackson Financial Announces Dividend

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