Versor Investments LP Boosts Stock Holdings in Jackson Financial Inc. $JXN

Versor Investments LP raised its position in shares of Jackson Financial Inc. (NYSE:JXN) by 63.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,718 shares of the company’s stock after purchasing an additional 4,943 shares during the period. Versor Investments LP’s holdings in Jackson Financial were worth $1,287,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Donald Smith & CO. Inc. lifted its position in shares of Jackson Financial by 2.0% during the 2nd quarter. Donald Smith & CO. Inc. now owns 1,699,087 shares of the company’s stock valued at $150,862,000 after buying an additional 33,040 shares during the last quarter. Acadian Asset Management LLC raised its stake in Jackson Financial by 1.5% in the 2nd quarter. Acadian Asset Management LLC now owns 1,359,477 shares of the company’s stock valued at $120,685,000 after acquiring an additional 20,212 shares during the period. Norges Bank purchased a new stake in Jackson Financial during the second quarter valued at about $102,131,000. Federated Hermes Inc. boosted its position in Jackson Financial by 6.4% during the third quarter. Federated Hermes Inc. now owns 854,435 shares of the company’s stock worth $86,494,000 after purchasing an additional 51,494 shares during the period. Finally, LSV Asset Management increased its stake in shares of Jackson Financial by 28.3% in the second quarter. LSV Asset Management now owns 836,238 shares of the company’s stock worth $74,250,000 after purchasing an additional 184,440 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors.

Jackson Financial Price Performance

Shares of Jackson Financial stock opened at $118.90 on Tuesday. The firm has a market capitalization of $8.08 billion, a PE ratio of 16.45 and a beta of 1.45. 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 Inc. has a 12 month low of $64.70 and a 12 month high of $123.61. The business’s 50-day moving average price is $110.47 and its 200-day moving average price is $101.22.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Zacks Research upgraded Jackson Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 13th. Weiss Ratings reiterated 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. Barclays reaffirmed an “overweight” rating and set a $137.00 target price on shares of Jackson Financial in a report on Thursday, January 8th. Finally, Evercore set a $118.00 price target on shares of Jackson Financial and gave the stock an “in-line” rating in a report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently 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.