LFG Wealth Partners LLC Takes Position in Jackson Financial Inc. $JXN

LFG Wealth Partners LLC purchased a new position in Jackson Financial Inc. (NYSE:JXN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 21,191 shares of the company’s stock, valued at approximately $2,260,000. Jackson Financial makes up about 1.4% of LFG Wealth Partners LLC’s portfolio, making the stock its 23rd biggest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its holdings in Jackson Financial by 12.2% in the 3rd quarter. Victory Capital Management Inc. now owns 601,151 shares of the company’s stock worth $60,855,000 after acquiring an additional 65,202 shares in the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new stake in Jackson Financial in the 3rd quarter worth $1,255,000. Kingsview Wealth Management LLC acquired a new stake in Jackson Financial during the 3rd quarter worth $3,373,000. NewSquare Capital LLC boosted its stake in Jackson Financial by 343,300.0% during the 3rd quarter. NewSquare Capital LLC now owns 10,302 shares of the company’s stock worth $1,043,000 after purchasing an additional 10,299 shares during the last quarter. Finally, Horizon Investments LLC acquired a new stake in Jackson Financial during the 4th quarter worth $2,638,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on JXN. 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. Barclays dropped their price target on shares of Jackson Financial from $138.00 to $136.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Keefe, Bruyette & Woods upped their price objective 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. Finally, Wall Street Zen cut shares of Jackson Financial from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $115.80.

Jackson Financial Stock Performance

Shares of Jackson Financial stock opened at $109.70 on Tuesday. The stock has a market capitalization of $7.65 billion, a price-to-earnings ratio of -17.95 and a beta of 1.32. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.27 and a quick ratio of 0.27. The business has a 50-day moving average of $108.40 and a 200 day moving average of $109.02. Jackson Financial Inc. has a 12 month low of $82.07 and a 12 month high of $123.61.

Jackson Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be paid a $0.90 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $3.60 annualized dividend and a dividend yield of 3.3%. Jackson Financial’s dividend payout ratio (DPR) is presently -58.92%.

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.