LFG Wealth Partners LLC Invests $2.26 Million in Jackson Financial Inc. $JXN

LFG Wealth Partners LLC acquired a new stake in Jackson Financial Inc. (NYSE:JXN) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 21,191 shares of the company’s stock, valued at approximately $2,260,000. Jackson Financial comprises approximately 1.4% of LFG Wealth Partners LLC’s investment portfolio, making the stock its 23rd biggest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its stake in shares of Jackson Financial by 12.2% in the 3rd 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 during the period. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Jackson Financial in the 3rd quarter valued at about $1,255,000. Kingsview Wealth Management LLC purchased a new position in Jackson Financial during the 3rd quarter worth approximately $3,373,000. NewSquare Capital LLC increased its position in Jackson Financial by 343,300.0% during the third quarter. NewSquare Capital LLC now owns 10,302 shares of the company’s stock worth $1,043,000 after buying an additional 10,299 shares during the period. Finally, Accordant Advisory Group Inc acquired a new position in Jackson Financial during the fourth quarter worth approximately $1,678,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Jackson Financial Stock Up 0.9%

JXN stock opened at $109.70 on Tuesday. 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 has a market capitalization of $7.65 billion, a PE ratio of -17.95 and a beta of 1.32. Jackson Financial Inc. has a one year low of $82.07 and a one year high of $123.61. The company has a fifty day moving average of $108.40 and a 200-day moving average of $109.02.

Jackson Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th will be given 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 dividend payout ratio is presently -58.92%.

Analyst Upgrades and Downgrades

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

About Jackson Financial

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.