Thrivent Financial for Lutherans Has $5.89 Million Stock Position in Jackson Financial Inc. $JXN

Thrivent Financial for Lutherans increased its position in shares of Jackson Financial Inc. (NYSE:JXN) by 10.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 58,140 shares of the company’s stock after acquiring an additional 5,610 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Jackson Financial were worth $5,885,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC lifted 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 acquiring an additional 1,363 shares during the period. Woodline Partners LP acquired a new position in Jackson Financial during the first quarter valued at approximately $4,081,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted 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 purchasing an additional 7,380 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Jackson Financial in the 2nd quarter valued at $202,000. Finally, CWM LLC increased its stake 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 purchasing an additional 787 shares during the last quarter. 89.96% of the stock is owned by institutional investors.

Jackson Financial Stock Performance

Shares of Jackson Financial stock opened at $119.81 on Friday. The company has a market cap of $8.14 billion, a P/E ratio of 16.57 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. The business has a 50-day moving average price of $110.05 and a two-hundred day moving average price of $100.83. Jackson Financial Inc. has a 1-year low of $64.70 and a 1-year high of $123.61.

Jackson Financial (NYSE:JXN) last released its earnings results on Tuesday, November 4th. The company reported $6.16 EPS for the quarter, topping the consensus estimate of $5.10 by $1.06. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.89 billion. The company’s revenue for the quarter was down 33.2% on a year-over-year basis. During the same period in the prior year, the business earned $4.60 EPS. As a group, analysts anticipate that Jackson Financial Inc. will post 20.55 EPS for the current year.

Wall Street Analyst Weigh In

JXN has been the subject of several recent analyst reports. Barclays restated an “overweight” rating and set a $137.00 price objective on shares of Jackson Financial in a research report on Thursday, January 8th. Morgan Stanley set a $105.00 price objective on shares of Jackson Financial in a research report on Monday, December 15th. Zacks Research raised shares of Jackson Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Jackson Financial in a report on Monday, December 29th. Finally, Evercore set a $118.00 price objective on Jackson Financial and gave the stock an “in-line” rating in a research report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average 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.