Bill Miller’s Latest 5 Stock Picks

3. Jackson Financial Inc. (NYSE:JXN)

Number of Hedge Fund Investors: 26

Miller Value Partners’ Q4 2023 Investment Value: $10.22 million

Jackson Financial Inc. (NYSE:JXN) provides a variety of annuity products to individual investors across the United States. The company operates through three main segments: Retail Annuities, Institutional Products, and Closed Life and Annuity Blocks.

On February 21, Jackson Financial Inc. (NYSE:JXN) announced a cash dividend of $0.70 per share of common stock for the first quarter of 2024. This marked a nearly 13% increase compared to the previous year’s dividend level. The dividend was scheduled to be paid on March 21, 2024, to shareholders of record as of March 12, 2024.

According to Insider Monkey’s fourth quarter database, 26 hedge funds were bullish on Jackson Financial Inc. (NYSE:JXN), compared to 19 funds in the earlier quarter. Nathaniel August’s Mangrove Partners is the biggest stakeholder of the company for the quarter.