Highlights
- Donald Smith & CO. Inc. expanded its stake in Jackson Financial marking a notable portfolio adjustment.
- Multiple significant entities increased their shares in Jackson Financial, reflecting growing interest in the company.
- Jackson Financial reported quarterly surpassing expectations while showing decline compared to the previous year.
Jackson Financial Inc. operates within the financial services sector. The company is a component of key market indices, including the Russell 1000, reflecting its market capitalization and presence in the broad U.S. equity market. This positioning underscores the company’s relevance within financial circles.
Changes in Shareholdings by Major Entities
Donald Smith & CO. Inc. adjusted its position in Jackson Financial by increasing the number of shares owned during the most recent quarter. This adjustment places Jackson Financial as a significant portion of the company’s portfolio. Other substantial entities have also raised their share quantities. Assenagon Asset Management S.A. significantly increased its while Nuveen LLC introduced a new position. Additionally, First Trust LP and Caisse DE Depot ET Placement DU Quebec boosted their shareholdings. Another financial firm, Raymond James Financial Inc., entered with a fresh stake.
The majority of shares for Jackson Financial (NYSE:JXN) remain concentrated in the hands of institutional entities, accounting for a large portion of the outstanding stock.
Recent Quarterly Performance and Market Indicators
Jackson Financial's latest quarterly report revealed esp that exceeded consensus expectations. However, quarterly showed a contraction relative to the same period in the previous year. The company’s financial ratios demonstrate moderate liquidity and a manageable debt level compared to equity. The market has seen fluctuations with the stock trading between a recent low and high range, supported by moving averages reflecting short- and long-term trends.
Several financial firms have released updates regarding Jackson Financial’s valuation. Keefe, Bruyette & Woods adjusted their valuation upwards while maintaining a market perform rating. Morgan Stanley maintained an equal weight stance with a slightly lower valuation. Barclays increased its valuation in its latest update, reflecting confidence in the stock’s standing.
Frequently Asked Questions
- Which major companies have increased their shares in Jackson Financial recently?
Donald Smith & CO. Inc., Assenagon Asset Management S.A., First Trust Advisors LP, and Caisse DE Depot ET Placement DU Quebec are among the notable entities that increased their shareholdings. - How did Jackson Financial perform in the most recent quarter?
The company reported esp that were higher than expected but experienced a decrease in compared to the previous year. - What market indexes include Jackson Financial?
Jackson Financial is part of the Russell 1000.