Capital Investment Advisory Services LLC Grows Position in Jackson Financial Inc. $JXN

Capital Investment Advisory Services LLC increased its stake in shares of Jackson Financial Inc. (NYSE:JXN) by 26.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,536 shares of the company’s stock after purchasing an additional 5,955 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Jackson Financial were worth $2,889,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new position in Jackson Financial in the 3rd quarter valued at $28,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Jackson Financial in the second quarter valued at $30,000. Bayforest Capital Ltd increased its stake in Jackson Financial by 541.2% in the third quarter. Bayforest Capital Ltd now owns 327 shares of the company’s stock valued at $33,000 after purchasing an additional 276 shares during the last quarter. Salomon & Ludwin LLC purchased a new position in Jackson Financial during the third quarter worth about $34,000. Finally, Pinnacle Bancorp Inc. purchased a new position in Jackson Financial during the third quarter worth about $34,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on JXN. Keefe, Bruyette & Woods upped 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. Zacks Research upgraded Jackson Financial from a “hold” rating to a “strong-buy” rating in a report on Monday, October 13th. Evercore ISI set a $118.00 target price on shares of Jackson Financial and gave the stock an “in-line” rating in a research report on Tuesday, January 6th. Barclays restated an “overweight” rating and set a $137.00 target price on shares of Jackson Financial in a report on Thursday, January 8th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jackson Financial in a research report on Monday, December 29th. 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 company’s stock. According to data from MarketBeat, Jackson Financial currently has an average rating of “Hold” and a consensus price target of $113.00.

Jackson Financial Price Performance

Shares of NYSE JXN opened at $115.98 on Friday. The company has a market capitalization of $7.88 billion, a price-to-earnings ratio of 16.04 and a beta of 1.45. Jackson Financial Inc. has a twelve month low of $64.70 and a twelve month high of $123.61. The business has a 50 day simple moving average of $109.61 and a 200-day simple moving average of $100.61. 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 posted its earnings results on Tuesday, November 4th. The company reported $6.16 EPS for the quarter, beating the consensus estimate of $5.10 by $1.06. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same period last year, the company posted $4.60 earnings per share. The firm’s revenue for the quarter was down 33.2% compared to the same quarter last year. As a group, equities research analysts expect that Jackson Financial Inc. will post 20.55 earnings per share for the current year.

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.