Kestra Advisory Services LLC Has $3.76 Million Stake in Jackson Financial Inc. $JXN

Kestra Advisory Services LLC boosted its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 29.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 35,593 shares of the company’s stock after purchasing an additional 8,057 shares during the quarter. Kestra Advisory Services LLC’s holdings in Jackson Financial were worth $3,763,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Sound Income Strategies LLC grew its position in Jackson Financial by 25.5% during the fourth quarter. Sound Income Strategies LLC now owns 483 shares of the company’s stock worth $55,000 after buying an additional 98 shares in the last quarter. Wetzel Investment Advisors Inc. increased its stake in Jackson Financial by 4.5% in the fourth quarter. Wetzel Investment Advisors Inc. now owns 2,300 shares of the company’s stock valued at $245,000 after acquiring an additional 100 shares during the period. Seeds Investor LLC raised its position in Jackson Financial by 4.5% in the fourth quarter. Seeds Investor LLC now owns 2,373 shares of the company’s stock worth $253,000 after purchasing an additional 102 shares in the last quarter. Triumph Capital Management raised its position in Jackson Financial by 2.7% in the fourth quarter. Triumph Capital Management now owns 4,110 shares of the company’s stock worth $438,000 after purchasing an additional 107 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its stake in Jackson Financial by 1.7% during the fourth quarter. CIBC Asset Management Inc now owns 6,946 shares of the company’s stock worth $741,000 after purchasing an additional 113 shares during the period. 89.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on JXN shares. Wall Street Zen lowered Jackson Financial from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Barclays increased their price objective on Jackson Financial from $136.00 to $139.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 7th. Weiss Ratings cut Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th. Jefferies Financial Group upgraded shares of Jackson Financial from a “hold” rating to a “buy” rating and boosted their target price for the company from $120.00 to $140.00 in a research note on Friday, July 10th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Jackson Financial from $125.00 to $130.00 and gave the stock a “market perform” rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $126.40.

Jackson Financial Stock Performance

Shares of JXN stock opened at $125.95 on Friday. The stock has a market cap of $8.78 billion, a PE ratio of -20.61 and a beta of 1.32. The stock has a 50-day moving average of $109.14 and a 200-day moving average of $110.28. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.27 and a quick ratio of 0.27. Jackson Financial Inc. has a one year low of $82.65 and a one year high of $126.69.

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 paid a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, June 11th. Jackson Financial’s dividend payout ratio is presently -58.92%.

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.