Curreen Capital: “Jackson Financial (JXN) Trades at an Extremely Attractive Upside-To-Downside Ratio”

Curreen Capital, an investment management company, released its second quarter 2022 investor letter. A copy of the same can be downloaded here. In the second quarter, the fund was down 27.4%. Broad market conditions impacted the fund’s returns in the quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Curreen Capital discussed stocks like Jackson Financial Inc. (NYSE:JXN) in the second quarter investor letter. Headquartered in Lansing, Michigan, Jackson Financial Inc. (NYSE:JXN) is a US-based company that provides annuities to retail investors. On September 15, 2022, Jackson Financial Inc. (NYSE:JXN) stock closed at $32.41 per share. One-month return of Jackson Financial Inc. (NYSE:JXN) was -8.52% and its shares gained 31.21% of their value over the last 52 weeks. Jackson Financial Inc. (NYSE:JXN) has a market capitalization of $2.75 billion.

Here is what Curreen Capital specifically said about Jackson Financial Inc. (NYSE:JXN) in its Q2 2022 investor letter:

“Jackson Financial Inc. (NYSE:JXN) is the largest seller of retail annuities in the U.S. The company focuses on variable annuities, and benefits from a strong distribution network and economies of scale in customer service. Jackson spun out of Prudential Plc in September 2021. The company uses excess capital to grow the business, repurchase stock, and pay a dividend. Jackson trades at an extremely attractive upside-to-downside ratio.”

Jackson Financial Inc. (NYSE:JXN) is not on the list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 19 hedge fund portfolios were held by Jackson Financial Inc. (NYSE:JXN) at the end of the second quarter which was 30 in the previous quarter.

We discussed Jackson Financial Inc. (NYSE:JXN) in another article and shared Miller Value Partners’ views on the company. In addition, please check out our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other leading investors.

Disclosure: None. This article is originally published at Insider Monkey.