5 Most Profitable Mid-Cap Stocks Now

2. Jackson Financial Inc. (NYSE:JXN)

Net Income TTM: $6.99 billion

Jackson Financial Inc. (NYSE:JXN) is an insurance company based in the United States. The operating segments include retail annuities, closed life and annuity blocks, and institutional products. Jackson Financial Inc. (NYSE:JXN) provides retirement planning services and annuity products to facilitate Americans protect their retirement income and savings. The annuity products of the company include variable annuities, registered index-linked annuities, fixed index annuities, fixed annuities, and closed products.

On February 21, 2023, Suneet Kamath, an analyst at Jefferies, increased his price target on Jackson Financial Inc. (NYSE:JXN) to $55 from $46 while keeping a Buy rating on the company’s shares.

According to Insider Monkey’s database, 28 hedge funds held stakes worth $338 million in Jackson Financial Inc. (NYSE:JXN) in Q4 2022, compared to 24 funds in the prior quarter with a stake worth $272 million.