LSV Asset Management Grows Stock Holdings in Jackson Financial Inc. $JXN

LSV Asset Management boosted its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 5.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 896,939 shares of the company’s stock after acquiring an additional 49,141 shares during the period. LSV Asset Management’s holdings in Jackson Financial were worth $95,659,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Integrated Wealth Concepts LLC increased its position in Jackson Financial by 33.2% during the first 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 last quarter. Woodline Partners LP bought a new position in Jackson Financial during the first quarter valued at $4,081,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Jackson Financial by 3.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 210,836 shares of the company’s stock valued at $17,664,000 after acquiring an additional 7,380 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Jackson Financial by 55.5% during the second quarter. EverSource Wealth Advisors LLC now owns 911 shares of the company’s stock valued at $81,000 after acquiring an additional 325 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in Jackson Financial during the second quarter valued at $986,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Wall Street Analysts Forecast Growth

JXN has been the topic of a number of analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of Jackson Financial from $120.00 to $125.00 and gave the company a “market perform” rating in a research report on Wednesday, May 13th. Wall Street Zen cut shares of Jackson Financial from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Barclays cut their price objective on shares of Jackson Financial from $138.00 to $136.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Finally, Weiss Ratings cut shares of Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. One 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $115.80.

Jackson Financial Trading Down 1.0%

NYSE JXN opened at $107.12 on Friday. The company’s 50-day moving average price is $107.77 and its 200-day moving average price is $107.56. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.49. The stock has a market cap of $7.47 billion, a PE ratio of -17.53 and a beta of 1.39. Jackson Financial Inc. has a 12 month low of $78.76 and a 12 month high of $123.61.

Jackson Financial (NYSE:JXN) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $6.61 EPS for the quarter, topping analysts’ consensus estimates of $5.90 by $0.71. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.92 billion. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.65 earnings per share.

Jackson Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be issued a $0.90 dividend. The ex-dividend date is Thursday, June 11th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.4%. 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.