Cwm LLC Has $853,000 Stake in Jackson Financial Inc. $JXN

Cwm LLC increased its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 204.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,422 shares of the company’s stock after acquiring an additional 5,660 shares during the quarter. Cwm LLC’s holdings in Jackson Financial were worth $853,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Triumph Capital Management increased its holdings in shares of Jackson Financial by 3.6% in the second quarter. Triumph Capital Management now owns 3,990 shares of the company’s stock valued at $354,000 after purchasing an additional 138 shares during the last quarter. Bank of Montreal Can grew its stake in Jackson Financial by 1.1% in the 2nd quarter. Bank of Montreal Can now owns 12,857 shares of the company’s stock valued at $1,142,000 after buying an additional 142 shares during the last quarter. Tcfg Wealth Management LLC raised its holdings in Jackson Financial by 3.5% in the 2nd quarter. Tcfg Wealth Management LLC now owns 4,356 shares of the company’s stock valued at $387,000 after acquiring an additional 149 shares during the period. GAMMA Investing LLC raised its holdings in Jackson Financial by 8.5% in the 2nd quarter. GAMMA Investing LLC now owns 2,287 shares of the company’s stock valued at $203,000 after acquiring an additional 179 shares during the period. Finally, Silver Oak Securities Incorporated lifted its position in Jackson Financial by 6.2% during the second quarter. Silver Oak Securities Incorporated now owns 3,697 shares of the company’s stock worth $328,000 after acquiring an additional 215 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Jackson Financial Stock Performance

JXN opened at $113.40 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.27 and a current ratio of 0.27. Jackson Financial Inc. has a 52-week low of $64.70 and a 52-week high of $117.13. The firm has a market cap of $7.71 billion, a P/E ratio of 15.68 and a beta of 1.44. The business’s fifty day moving average is $100.64 and its 200-day moving average is $96.48.

Jackson Financial (NYSE:JXN) last posted its quarterly earnings data on Wednesday, March 22nd. The company reported $6.26 earnings per share for the quarter. The firm had revenue of ($1,162.00) million for the quarter. Sell-side analysts expect that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial declared that its Board of Directors has approved a stock repurchase plan on Thursday, September 18th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to repurchase up to 14.4% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Jackson Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, December 4th. Jackson Financial’s dividend payout ratio is 44.26%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on JXN. Morgan Stanley set a $105.00 target price on Jackson Financial in a research report on Monday, December 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jackson Financial in a report on Monday, December 29th. Barclays increased their price objective on Jackson Financial from $125.00 to $128.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Evercore ISI set a $118.00 target price on shares of Jackson Financial and gave the company an “in-line” rating in a research report on Tuesday. Finally, Zacks Research raised shares of Jackson Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $111.20.

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.