Arizona State Retirement System Has $808,000 Stake in Jackson Financial Inc. (NYSE:JXN)

Arizona State Retirement System boosted its holdings in Jackson Financial Inc. (NYSE:JXNFree Report) by 3.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,138 shares of the company’s stock after buying an additional 649 shares during the quarter. Arizona State Retirement System’s holdings in Jackson Financial were worth $808,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. JPMorgan Chase & Co. boosted its holdings in shares of Jackson Financial by 0.7% in the first quarter. JPMorgan Chase & Co. now owns 92,635 shares of the company’s stock worth $4,098,000 after buying an additional 662 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Jackson Financial by 19.5% during the 1st quarter. Raymond James & Associates now owns 34,968 shares of the company’s stock worth $1,547,000 after purchasing an additional 5,699 shares during the period. Sei Investments Co. purchased a new position in Jackson Financial in the first quarter valued at approximately $346,000. Canada Pension Plan Investment Board acquired a new stake in Jackson Financial in the first quarter valued at $402,000. Finally, Penserra Capital Management LLC purchased a new stake in Jackson Financial during the 1st quarter worth about $108,000. 79.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on JXN. Jefferies Financial Group reiterated a “hold” rating and issued a $55.00 target price on shares of Jackson Financial in a report on Tuesday, January 2nd. The Goldman Sachs Group lifted their target price on Jackson Financial from $39.00 to $47.00 and gave the stock a “neutral” rating in a report on Tuesday, January 9th. Finally, Morgan Stanley boosted their target price on Jackson Financial from $35.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 15th.

Get Our Latest Stock Report on JXN

Jackson Financial Stock Up 1.9 %

Shares of Jackson Financial stock opened at $50.49 on Thursday. Jackson Financial Inc. has a 1 year low of $26.70 and a 1 year high of $53.00. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 2.41 and a beta of 1.54. The company has a 50-day moving average of $50.01 and a 200 day moving average of $42.35. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.34 and a quick ratio of 0.34.

Jackson Financial (NYSE:JXNGet Free Report) last released its quarterly earnings data on Wednesday, November 8th. The company reported $3.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.57 by $0.23. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the previous year, the business earned $4.24 EPS. As a group, sell-side analysts anticipate that Jackson Financial Inc. will post 13.82 earnings per share for the current fiscal year.

About Jackson Financial

(Free Report)

Jackson Financial Inc, through its subsidiaries, primarily provides a suite of annuities to retail investors in the United States. The company operates through three segments: Retail Annuities, Institutional Products, and Closed Life and Annuity Blocks. The Retail Annuities segment offers various retirement income and savings products, including variable, fixed index, fixed, and payout annuities, as well as registered index-linked annuities and lifetime income solutions.

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Institutional Ownership by Quarter for Jackson Financial (NYSE:JXN)

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