Allianz Asset Management GmbH Has $39.63 Million Stake in Jackson Financial Inc. $JXN

Allianz Asset Management GmbH lowered its stake in shares of Jackson Financial Inc. (NYSE:JXN) by 33.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 391,469 shares of the company’s stock after selling 195,603 shares during the quarter. Allianz Asset Management GmbH owned about 0.56% of Jackson Financial worth $39,628,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC grew its holdings in shares of Jackson Financial by 33.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 5,471 shares of the company’s stock worth $458,000 after purchasing an additional 1,363 shares in the last quarter. Woodline Partners LP bought a new stake in 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 stake in 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. Fifth Third Wealth Advisors LLC bought a new position in Jackson Financial in the 2nd quarter valued at about $202,000. Finally, CWM LLC raised its position in shares of Jackson Financial by 39.8% in the 2nd quarter. CWM LLC now owns 2,762 shares of the company’s stock valued at $245,000 after buying an additional 787 shares in the last quarter. Institutional investors own 89.96% of the company’s stock.

Jackson Financial Price Performance

Shares of JXN opened at $115.98 on Friday. 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 cap of $7.88 billion, a PE ratio of 16.04 and a beta of 1.45. Jackson Financial Inc. has a 12-month low of $64.70 and a 12-month high of $123.61. The business has a 50-day simple moving average of $109.61 and a two-hundred day simple moving average of $100.61.

Jackson Financial (NYSE:JXN) last released its quarterly earnings results on Tuesday, November 4th. The company reported $6.16 earnings per share for the quarter, topping the consensus estimate of $5.10 by $1.06. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter last year, the firm posted $4.60 earnings per share. The business’s revenue for the quarter was down 33.2% on a year-over-year basis. Analysts anticipate that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on JXN. Keefe, Bruyette & Woods increased their price target on shares of Jackson Financial from $105.00 to $110.00 and gave the stock a “market perform” rating in a research report on Thursday, October 9th. Evercore ISI set a $118.00 target price on Jackson Financial and gave the company an “in-line” rating in a report on Tuesday, January 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of Jackson Financial in a report on Monday, December 29th. Morgan Stanley set a $105.00 price objective on Jackson Financial in a research report on Monday, December 15th. Finally, Barclays reiterated an “overweight” rating and issued a $137.00 target price on shares of Jackson Financial in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Jackson Financial currently has an average rating of “Hold” and a consensus target price of $113.00.

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.