Kennedy Capital Management LLC Raises Holdings in Jackson Financial Inc. $JXN

Kennedy Capital Management LLC increased its holdings in Jackson Financial Inc. (NYSE:JXN) by 14.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 179,390 shares of the company’s stock after acquiring an additional 23,248 shares during the period. Kennedy Capital Management LLC owned approximately 0.26% of Jackson Financial worth $19,132,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Sound Income Strategies LLC boosted its position in shares of 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 during the period. Wetzel Investment Advisors Inc. boosted its position in shares of Jackson Financial by 4.5% during the fourth quarter. Wetzel Investment Advisors Inc. now owns 2,300 shares of the company’s stock worth $245,000 after buying an additional 100 shares during the period. Seeds Investor LLC boosted its position in shares of Jackson Financial by 4.5% during the fourth quarter. Seeds Investor LLC now owns 2,373 shares of the company’s stock worth $253,000 after buying an additional 102 shares during the period. Triumph Capital Management boosted its position 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 buying an additional 107 shares during the period. Finally, CIBC Asset Management Inc boosted its position 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 buying an additional 113 shares during the period. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on JXN. Keefe, Bruyette & Woods raised their price target on Jackson Financial from $120.00 to $125.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 13th. Barclays lowered their price target on Jackson Financial from $138.00 to $136.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Weiss Ratings lowered Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. Finally, Wall Street Zen lowered 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 issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $115.80.

Jackson Financial Trading Up 0.5%

NYSE:JXN opened at $108.71 on Friday. The firm has a market cap of $7.58 billion, a PE ratio of -17.79 and a beta of 1.32. The stock has a fifty day moving average price of $108.28 and a 200 day moving average price of $108.83. Jackson Financial Inc. has a 12-month low of $80.25 and a 12-month high of $123.61. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.49.

Jackson Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors 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 yield of 3.3%. Jackson Financial’s dividend payout ratio (DPR) is -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.