5 Stocks with the Lowest PE Ratio

4. Jackson Financial Inc. (NYSE:JXN)

P/E Ratio: 0.46

Number of hedge fund holders: 24

Jackson Financial Inc. (NYSE:JXN) is one of the top 20 stocks with the lowest PE ratios as of January 17. In November, Jackson Financial Inc. (NYSE:JXN) posted third quarter results. Its adjusted EPS in the period came in at $4.24, beating estimates by $1.34. Revenue in the quarter jumped a whopping 156.1% to come in at $4.02 billion, beating analyst estimates by $2.59 billion. Jackson Financial Inc. (NYSE:JXN) said that it returned $88 million to shareholders during the quarter. As of the end of the third quarter, 24 hedge funds tracked by Insider Monkey reported having stakes in Jackson Financial Inc. (NYSE:JXN). The total value of these stakes was $273 million.

Here is what Curreen Capital Investments has to say about Jackson Financial Inc. (NYSE:JXN) in its Q3 2022 investor letter:

“We sold Jackson in large part because the inverted yield curve signals that a weak stock market and high volatility are likely to continue. High volatility increases Jackson’s cost of hedging the annuities that it has sold, and a weak stock market makes it difficult to sell new variable annuities. These operational headwinds make Jackson a weed. We sold at $31.11 per share.”