Jackson Creek Investment Advisors LLC Purchases Shares of 19,847 Jackson Financial Inc. $JXN

Jackson Creek Investment Advisors LLC purchased a new stake in Jackson Financial Inc. (NYSE:JXN) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 19,847 shares of the company’s stock, valued at approximately $2,009,000.

Several other large investors also recently made changes to their positions in the stock. Integrated Wealth Concepts LLC lifted its position in Jackson Financial by 33.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 5,471 shares of the company’s stock valued at $458,000 after acquiring an additional 1,363 shares in the last quarter. Woodline Partners LP acquired a new position in shares of Jackson Financial during the first quarter worth about $4,081,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Jackson Financial by 3.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 210,836 shares of the company’s stock worth $17,664,000 after buying an additional 7,380 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Jackson Financial by 1.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 54,447 shares of the company’s stock valued at $4,834,000 after buying an additional 1,014 shares during the last quarter. Finally, PFG Investments LLC acquired a new stake in Jackson Financial in the 2nd quarter valued at approximately $216,000. Institutional investors own 89.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jackson Financial in a research note on Monday, December 29th. Evercore ISI 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. Morgan Stanley set a $105.00 target price on shares of Jackson Financial in a research report on Monday, December 15th. Barclays reiterated an “overweight” rating and issued a $137.00 price target on shares of Jackson Financial in a research note on Thursday, January 8th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Jackson Financial from $105.00 to $110.00 and gave the stock a “market perform” rating in a research note on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Jackson Financial currently has a consensus rating of “Hold” and an average price target of $113.00.

Jackson Financial Price Performance

Shares of JXN opened at $122.06 on Tuesday. The company has a market cap of $8.30 billion, a price-to-earnings ratio of 16.88 and a beta of 1.44. Jackson Financial Inc. has a 1-year low of $64.70 and a 1-year high of $122.41. The company’s fifty day simple moving average is $108.44 and its 200 day simple moving average is $100.16. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.47.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $6.16 EPS for the quarter, beating analysts’ consensus estimates of $5.10 by $1.06. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the prior year, the business earned $4.60 EPS. The business’s revenue was down 33.2% compared to the same quarter last year. On average, research analysts forecast that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

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.