Strategic Advisors LLC Has $1.09 Million Stake in Jackson Financial Inc. (NYSE:JXN)

Strategic Advisors LLC lifted its position in shares of Jackson Financial Inc. (NYSE:JXN) by 3.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 12,468 shares of the company’s stock after buying an additional 468 shares during the quarter. Strategic Advisors LLC’s holdings in Jackson Financial were worth $1,086,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of Jackson Financial by 7.1% during the fourth quarter. GAMMA Investing LLC now owns 1,778 shares of the company’s stock worth $155,000 after purchasing an additional 118 shares during the period. Mutual of America Capital Management LLC increased its stake in Jackson Financial by 1.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 11,316 shares of the company’s stock worth $1,032,000 after acquiring an additional 159 shares during the period. Janney Montgomery Scott LLC increased its stake in Jackson Financial by 0.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 50,707 shares of the company’s stock worth $4,416,000 after acquiring an additional 168 shares during the period. Caprock Group LLC increased its stake in Jackson Financial by 4.3% during the 4th quarter. Caprock Group LLC now owns 4,218 shares of the company’s stock worth $367,000 after acquiring an additional 173 shares during the period. Finally, Savant Capital LLC increased its stake in Jackson Financial by 7.5% during the 4th quarter. Savant Capital LLC now owns 3,624 shares of the company’s stock worth $316,000 after acquiring an additional 252 shares during the period. Institutional investors own 89.96% of the company’s stock.

Jackson Financial Trading Up 4.0 %

Shares of JXN stock opened at $96.58 on Monday. The stock’s fifty day moving average price is $91.00 and its two-hundred day moving average price is $92.38. The company has a market cap of $7.13 billion, a PE ratio of -7.64 and a beta of 1.47. Jackson Financial Inc. has a fifty-two week low of $48.00 and a fifty-two week high of $115.22. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30.

Insider Buying and Selling at Jackson Financial

In other Jackson Financial news, Director Gregory T. Durant bought 1,500 shares of Jackson Financial stock in a transaction on Wednesday, December 11th. The shares were purchased at an average price of $90.28 per share, with a total value of $135,420.00. Following the acquisition, the director now owns 32,023 shares in the company, valued at $2,891,036.44. This trade represents a 4.91 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Evercore ISI lowered Jackson Financial from an “in-line” rating to an “underperform” rating and raised their price objective for the stock from $74.00 to $95.00 in a research note on Thursday, November 14th. Barclays lowered their price objective on Jackson Financial from $117.00 to $116.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Jackson Financial presently has a consensus rating of “Hold” and an average target price 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.