Jackson Financial Inc. $JXN Stock Holdings Increased by Edgestream Partners L.P.

Edgestream Partners L.P. grew its position in shares of Jackson Financial Inc. (NYSE:JXN) by 18.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 103,446 shares of the company’s stock after buying an additional 15,873 shares during the period. Edgestream Partners L.P.’s holdings in Jackson Financial were worth $10,936,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Sound Income Strategies LLC increased its holdings in shares of Jackson Financial by 25.5% in the 4th quarter. Sound Income Strategies LLC now owns 483 shares of the company’s stock valued at $55,000 after acquiring an additional 98 shares during the last quarter. Wetzel Investment Advisors Inc. boosted its holdings in Jackson Financial by 4.5% in the fourth quarter. Wetzel Investment Advisors Inc. now owns 2,300 shares of the company’s stock worth $245,000 after purchasing an additional 100 shares during the period. Seeds Investor LLC increased its stake in Jackson Financial by 4.5% during the fourth quarter. Seeds Investor LLC now owns 2,373 shares of the company’s stock valued at $253,000 after purchasing an additional 102 shares during the last quarter. Triumph Capital Management raised its holdings in shares of Jackson Financial by 2.7% during 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 during the period. Finally, CIBC Asset Management Inc raised its holdings in shares of 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. Institutional investors and hedge funds own 89.96% of the company’s stock.

Analyst Ratings Changes

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

Jackson Financial Stock Performance

JXN stock opened at $120.38 on Thursday. Jackson Financial Inc. has a 1 year low of $82.65 and a 1 year high of $126.69. The stock has a market capitalization of $8.40 billion, a price-to-earnings ratio of -19.70 and a beta of 1.32. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.27 and a current ratio of 0.27. The stock’s fifty day moving average is $111.01 and its two-hundred day moving average is $110.91.

Jackson Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 11th were given a $0.90 dividend. The ex-dividend date was Thursday, June 11th. This represents a $3.60 annualized dividend and a yield of 3.0%. Jackson Financial’s dividend payout ratio (DPR) is currently -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.