Jackson Financial Inc. $JXN Shares Sold by Caisse Des Depots ET Consignations

Caisse Des Depots ET Consignations trimmed its holdings in Jackson Financial Inc. (NYSE:JXN) by 58.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,780 shares of the company’s stock after selling 25,063 shares during the quarter. Caisse Des Depots ET Consignations’ holdings in Jackson Financial were worth $1,800,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in JXN. Donald Smith & CO. Inc. raised 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 worth $150,862,000 after purchasing an additional 33,040 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of Jackson Financial by 1.5% in the second quarter. Acadian Asset Management LLC now owns 1,359,477 shares of the company’s stock valued at $120,685,000 after buying an additional 20,212 shares in the last quarter. Norges Bank acquired a new stake in shares of Jackson Financial during the 2nd quarter valued at $102,131,000. Federated Hermes Inc. boosted its stake in shares of Jackson Financial by 6.4% during the 3rd quarter. Federated Hermes Inc. now owns 854,435 shares of the company’s stock worth $86,494,000 after acquiring an additional 51,494 shares in the last quarter. Finally, LSV Asset Management boosted its stake in shares of Jackson Financial by 1.4% during the 3rd quarter. LSV Asset Management now owns 847,798 shares of the company’s stock worth $85,823,000 after acquiring an additional 11,560 shares in the last quarter. Institutional investors own 89.96% of the company’s stock.

Jackson Financial Price Performance

NYSE JXN opened at $114.32 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market capitalization of $7.77 billion, a price-to-earnings ratio of 15.81 and a beta of 1.45. The company has a 50 day simple moving average of $111.18 and a 200-day simple moving average of $101.53. Jackson Financial Inc. has a 52-week low of $64.70 and a 52-week high of $123.61.

Analyst Ratings Changes

Several equities research analysts have recently commented on JXN shares. Evercore set a $118.00 target price on Jackson Financial and gave the company an “in-line” rating in a report on Tuesday, January 6th. Morgan Stanley set a $105.00 price objective on Jackson Financial in a report on Monday, December 15th. Barclays reiterated an “overweight” rating and issued a $137.00 target price on shares of Jackson Financial in a report on Thursday, January 8th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Jackson Financial in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Jackson Financial presently has an average rating of “Hold” and a consensus target price of $113.00.

About Jackson Financial

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.