Jackson Financial Inc. $JXN Shares Bought by Kennedy Capital Management LLC

Kennedy Capital Management LLC raised its holdings in Jackson Financial Inc. (NYSE:JXN) by 14.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,390 shares of the company’s stock after buying an additional 23,248 shares during the period. Kennedy Capital Management LLC’s holdings in Jackson Financial were worth $19,132,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. raised its stake in Jackson Financial by 12.2% in the third quarter. Victory Capital Management Inc. now owns 601,151 shares of the company’s stock valued at $60,855,000 after buying an additional 65,202 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in Jackson Financial in the third quarter valued at $1,255,000. Kingsview Wealth Management LLC acquired a new stake in Jackson Financial in the third quarter valued at $3,373,000. NewSquare Capital LLC raised its stake in Jackson Financial by 343,300.0% in the third quarter. NewSquare Capital LLC now owns 10,302 shares of the company’s stock valued at $1,043,000 after buying an additional 10,299 shares in the last quarter. Finally, Accordant Advisory Group Inc acquired a new stake in Jackson Financial in the fourth quarter valued at $1,678,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Jackson Financial Price Performance

JXN stock opened at $108.71 on Friday. Jackson Financial Inc. has a 1 year low of $80.25 and a 1 year 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. The stock’s 50 day moving average price is $108.28 and its 200 day moving average price is $108.83. The firm has a market cap of $7.58 billion, a P/E ratio of -17.79 and a beta of 1.32.

Jackson Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders 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 annualized dividend and a yield of 3.3%. Jackson Financial’s payout ratio is -58.92%.

Analyst Ratings Changes

A number of analysts have recently commented on JXN shares. Weiss Ratings cut Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. Wall Street Zen lowered Jackson Financial from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Barclays lowered their price objective on Jackson Financial from $138.00 to $136.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Finally, Keefe, Bruyette & Woods lifted their price objective on Jackson Financial from $120.00 to $125.00 and gave the company a “market perform” rating in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $115.80.

Jackson Financial 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.