Is Institutional Interest Growing in Jackson Financial Inc. (NYSE:JXN)?

2 min read | February 10, 2025 01:34 AM PST | By Team Kalkine Media

Is Institutional Interest Growing in Jackson Financial Inc. (NYSE:JXN)? — Image source: Shutterstock

Institutional Holdings on the Rise

Recent filings with the Securities & Exchange Commission indicate an increase in institutional ownership of Jackson Financial Inc. (NYSE:JXN). Stratos Wealth Partners LTD. reported an expansion of its stake by acquiring an additional 3,834 shares, bringing its total holdings to 14,578 shares. The total value of this position was approximately $1,269,000 at the time of the filing.

Other institutional firms have also adjusted their positions in the company. International Assets Investment Management LLC made a notable move by increasing its stake by a substantial margin during the third quarter. The firm now holds 942,039 shares, reflecting a considerable rise in value to $85,942,000. This increase highlights a growing institutional presence in the company.

New Positions and Expanding Stakes

Wedge Capital Management L L P NC recently acquired a new position in Jackson Financial, adding a substantial stake valued at approximately $40,795,000. Similarly, Charles Schwab Investment Management Inc. expanded its holdings in the third quarter by 40%, adding 300,520 shares to its portfolio. This brought its total stake to 1,050,903 shares, with an estimated value of $95,874,000 at the time of the filing.

Another major adjustment came from Nisa Investment Advisors LLC, which significantly increased its holdings in the fourth quarter. The firm added 223,060 shares, bringing its total ownership to 226,418 shares, valued at $19,716,000. This adjustment reflects a strong institutional interest in Jackson Financial.

Recent Purchases and Market Presence

Ibex Wealth Advisors entered a new position in Jackson Financial during the fourth quarter, with an acquisition worth approximately $17,055,000. These changes contribute to a broader trend of increasing institutional ownership, which now accounts for approximately 89.96% of Jackson Financial’s total holdings.

Growing Interest from Institutional Firms

The recent filings show a trend where institutional firms continue to expand their positions in Jackson Financial. This increase in institutional involvement may indicate confidence in the company's standing within the financial sector. With various firms acquiring new stakes or expanding their existing ones, Jackson Financial remains a focal point for institutional activity.

As filings continue to be updated, tracking these institutional movements can provide insight into the broader sentiment surrounding Jackson Financial Inc. (NYSE:JXN).

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