Jackson Financial Inc. $JXN Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S decreased its stake in shares of Jackson Financial Inc. (NYSE:JXN) by 99.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 530 shares of the company’s stock after selling 71,003 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Jackson Financial were worth $54,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JXN. Donald Smith & CO. Inc. lifted its holdings 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 last quarter. Acadian Asset Management LLC increased its position 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 worth $120,685,000 after buying an additional 20,212 shares during the period. Norges Bank acquired a new stake in shares of Jackson Financial in the second quarter valued at approximately $102,131,000. Federated Hermes Inc. boosted its holdings in shares of Jackson Financial by 6.4% in the third quarter. Federated Hermes Inc. now owns 854,435 shares of the company’s stock valued at $86,494,000 after acquiring an additional 51,494 shares during the period. Finally, LSV Asset Management grew its position in shares of Jackson Financial by 28.3% during the second quarter. LSV Asset Management now owns 836,238 shares of the company’s stock worth $74,250,000 after acquiring an additional 184,440 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Wall Street Analysts Forecast Growth

JXN has been the subject of several research reports. Zacks Research upgraded shares of Jackson Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 13th. Morgan Stanley set a $105.00 price objective on shares of Jackson Financial in a research note on Monday, December 15th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Jackson Financial in a research note on Monday, December 29th. Evercore set a $118.00 price target on Jackson Financial and gave the stock an “in-line” rating in a report on Tuesday, January 6th. Finally, Barclays restated an “overweight” rating and issued a $137.00 price target on shares of Jackson Financial in a research report on Thursday, January 8th. One investment 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.com, the company currently has an average rating of “Hold” and an average target price of $113.00.

Jackson Financial Trading Down 0.7%

NYSE JXN opened at $118.90 on Tuesday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $8.08 billion, a P/E ratio of 16.45 and a beta of 1.45. Jackson Financial Inc. has a 52-week low of $64.70 and a 52-week high of $123.61. The firm has a 50-day moving average price of $110.47 and a 200 day moving average price of $101.22.

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.