Is Jackson Financial (JXN) a Great Long-Term Investment?

Curreen Capital, an investment management firm, published its first-quarter 2022 investor letter – a copy of which can be downloaded here. A quarterly portfolio return of -12.53% was recorded by the fund for the fourth quarter of 2021, underperforming the S&P 500 and MSCI Word Index which had a -4.59% and -5.08% gain respectively for the same period. Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Curreen Capital mentioned Jackson Financial Inc. (NYSE:JXN) and explained its insights for the company. Founded in 2006, Jackson Financial Inc. (NYSE:JXN) is a Michigan, United States-based insurance company with a $3.5 billion market capitalization. Jackson Financial Inc. (NYSE:JXN)  delivered a -2.74% and it closed at $41.84 per share on May 06, 2022. 

Here is what Curreen Capital has to say about Jackson Financial Inc. (NYSE:JXN) in its Q1 2022 investor letter:

“We added to several of our investments, focusing on those that have delivered better than expected operating performance. We bought more Jackson Shares. Jackson grows, earns good returns on equity, sells for well below book value, and returns capital to shareholders.”

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Our calculations show that Jackson Financial Inc. (NYSE:JXN) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Jackson Financial Inc. (NYSE:JXN) was in 21 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 22 funds in the previous quarter. Jackson Financial Inc. (NYSE:JXN) delivered a 4.34% return in the past 3 months.

In January 2022, we also shared another hedge fund’s views on Jackson Financial Inc. (NYSE:JXN) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

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