Four Tree Island Advisory LLC Takes Position in Jackson Financial Inc. (NYSE:JXN)

Four Tree Island Advisory LLC bought a new position in shares of Jackson Financial Inc. (NYSE:JXN) in the 4th quarter, Holdings Channel reports. The fund bought 221,617 shares of the company’s stock, valued at approximately $19,298,000. Jackson Financial makes up 13.3% of Four Tree Island Advisory LLC’s portfolio, making the stock its 2nd biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in JXN. Empowered Funds LLC bought a new position in Jackson Financial during the 4th quarter worth $26,000. Blue Trust Inc. raised its stake in Jackson Financial by 232.1% in the 3rd quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $34,000 after purchasing an additional 260 shares in the last quarter. R Squared Ltd bought a new stake in Jackson Financial in the 4th quarter valued at about $126,000. Harbor Capital Advisors Inc. bought a new position in shares of Jackson Financial during the third quarter worth approximately $141,000. Finally, CWM LLC grew its position in Jackson Financial by 62.0% during the third quarter. CWM LLC now owns 1,660 shares of the company’s stock worth $151,000 after buying an additional 635 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Insider Activity at Jackson Financial

In related news, Director Gregory T. Durant bought 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average cost of $90.28 per share, with a total value of $135,420.00. Following the completion of the purchase, the director now directly owns 32,023 shares in the company, valued at $2,891,036.44. The trade was a 4.91 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by company insiders.

Jackson Financial Stock Up 0.6 %

NYSE:JXN opened at $93.21 on Monday. Jackson Financial Inc. has a one year low of $48.00 and a one year high of $115.22. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.30 and a quick ratio of 0.30. The company has a market cap of $6.88 billion, a PE ratio of -7.37 and a beta of 1.47. The firm’s 50 day simple moving average is $91.57 and its 200 day simple moving average is $92.16.

Analysts Set New Price Targets

JXN has been the subject of a number of recent analyst reports. Evercore ISI downgraded Jackson Financial from an “in-line” rating to an “underperform” rating and upped their target price for the company from $74.00 to $95.00 in a research report on Thursday, November 14th. Barclays cut their price objective on shares of Jackson Financial from $117.00 to $116.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Jackson Financial currently has a consensus rating of “Hold” and a consensus price target of $92.40.

Jackson Financial Company Profile

Jackson Financial Inc, through its subsidiaries, provides suite of annuities to retail investors in the United States. The company operates through three segments: Retail Annuities, Institutional Products, and Closed Life and Annuity Blocks. The Retail Annuities segment offers various retirement income and savings products, including variable, fixed index, fixed, and payout annuities, as well as registered index-linked annuities and lifetime income solutions.