Public Sector Pension Investment Board Grows Stock Holdings in Jackson Financial Inc. $JXN

Public Sector Pension Investment Board grew its position in Jackson Financial Inc. (NYSE:JXN) by 9.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 301,957 shares of the company’s stock after buying an additional 25,927 shares during the period. Public Sector Pension Investment Board’s holdings in Jackson Financial were worth $30,567,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of JXN. Samalin Investment Counsel LLC lifted its position in Jackson Financial by 2.0% during the third quarter. Samalin Investment Counsel LLC now owns 5,370 shares of the company’s stock valued at $544,000 after acquiring an additional 104 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Jackson Financial by 11.1% during the third quarter. Smartleaf Asset Management LLC now owns 1,142 shares of the company’s stock worth $117,000 after purchasing an additional 114 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Jackson Financial by 46.9% during the 3rd quarter. Bessemer Group Inc. now owns 404 shares of the company’s stock valued at $41,000 after purchasing an additional 129 shares during the last quarter. Hantz Financial Services Inc. boosted its position in shares of Jackson Financial by 23.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 689 shares of the company’s stock worth $70,000 after purchasing an additional 131 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Jackson Financial by 1.1% in the 2nd quarter. Bank of Montreal Can now owns 12,857 shares of the company’s stock worth $1,142,000 after purchasing an additional 142 shares in the last quarter. Institutional investors own 89.96% of the company’s stock.

Jackson Financial Stock Up 1.4%

Jackson Financial stock opened at $113.69 on Friday. The business’s 50-day simple moving average is $111.76 and its two-hundred day simple moving average is $101.78. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market cap of $7.73 billion, a PE ratio of 15.72 and a beta of 1.45. Jackson Financial Inc. has a fifty-two week low of $64.70 and a fifty-two week high of $123.61.

Analysts Set New Price Targets

JXN has been the topic of several recent analyst reports. Morgan Stanley set a $105.00 target price on Jackson Financial in a research report on Monday, December 15th. Weiss Ratings restated a “hold (c+)” rating on shares of Jackson Financial in a report on Monday, December 29th. Barclays reaffirmed an “overweight” rating and issued a $137.00 price objective on shares of Jackson Financial in a research report on Thursday, January 8th. Finally, Evercore set a $118.00 target price on shares of Jackson Financial and gave the stock an “in-line” rating in a research note on Tuesday, January 6th. One equities 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 stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $113.00.

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.