Jackson Financial Inc. $JXN Stake Lifted by Assetmark Inc.

Assetmark Inc. grew its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 6.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 94,894 shares of the company’s stock after acquiring an additional 6,008 shares during the quarter. Assetmark Inc.’s holdings in Jackson Financial were worth $9,606,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jackson Creek Investment Advisors LLC bought a new stake in Jackson Financial in the third quarter valued at about $2,009,000. Acadian Asset Management LLC boosted its holdings in Jackson Financial by 1.5% during the second quarter. Acadian Asset Management LLC now owns 1,359,477 shares of the company’s stock valued at $120,685,000 after purchasing an additional 20,212 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Jackson Financial by 27.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 662,569 shares of the company’s stock valued at $58,830,000 after purchasing an additional 143,091 shares during the period. Donald Smith & CO. Inc. grew its stake in shares of Jackson Financial by 2.0% in the 2nd quarter. Donald Smith & CO. Inc. now owns 1,699,087 shares of the company’s stock valued at $150,862,000 after purchasing an additional 33,040 shares during the period. Finally, Federated Hermes Inc. raised its holdings in shares of Jackson Financial by 6.4% in the 3rd quarter. Federated Hermes Inc. now owns 854,435 shares of the company’s stock worth $86,494,000 after buying an additional 51,494 shares in the last quarter. Institutional investors own 89.96% of the company’s stock.

Wall Street Analyst Weigh In

JXN has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jackson Financial in a research note on Monday, December 29th. Morgan Stanley set a $105.00 price objective on Jackson Financial in a report on Monday, December 15th. Evercore set a $118.00 target price on shares of Jackson Financial and gave the stock an “in-line” rating in a report on Tuesday, January 6th. Finally, Barclays reissued an “overweight” rating and set a $137.00 price target on shares of Jackson Financial in a report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $113.00.

Jackson Financial Trading Up 1.4%

Shares of NYSE JXN opened at $113.69 on Tuesday. Jackson Financial Inc. has a fifty-two week low of $64.70 and a fifty-two week high of $123.61. The firm has a market capitalization of $7.73 billion, a P/E ratio of 15.72 and a beta of 1.45. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.27 and a quick ratio of 0.27. The company’s 50 day simple moving average is $112.07 and its 200 day simple moving average is $102.17.

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.