Jackson Financial Inc. (NYSE:JXN) Short Interest Down 10.3% in January

Jackson Financial Inc. (NYSE:JXN) was the target of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 3,060,000 shares, a drop of 10.3% from the January 15th total of 3,410,000 shares. Based on an average trading volume of 636,200 shares, the days-to-cover ratio is presently 4.8 days. Approximately 4.3% of the company’s shares are sold short.

Jackson Financial Stock Up 4.0 %

Shares of NYSE JXN traded up $3.68 during mid-day trading on Monday, reaching $96.58. 638,234 shares of the company were exchanged, compared to its average volume of 487,410. Jackson Financial has a 1 year low of $48.00 and a 1 year high of $115.22. The firm has a 50-day moving average of $91.04 and a 200 day moving average of $92.46. The stock has a market cap of $7.13 billion, a price-to-earnings ratio of -7.64 and a beta of 1.47. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.42.

Insider Transactions at Jackson Financial

In other news, Director Gregory T. Durant acquired 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average price 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. This trade represents a 4.91 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of Jackson Financial

Hedge funds have recently modified their holdings of the company. Norges Bank bought a new position in shares of Jackson Financial during the 4th quarter worth approximately $98,767,000. International Assets Investment Management LLC grew its holdings in Jackson Financial by 9,363.9% in the third quarter. International Assets Investment Management LLC now owns 942,039 shares of the company’s stock worth $85,942,000 after purchasing an additional 932,085 shares during the last quarter. First Trust Advisors LP grew its holdings in Jackson Financial by 13.4% in the fourth quarter. First Trust Advisors LP now owns 4,134,545 shares of the company’s stock worth $360,036,000 after purchasing an additional 487,803 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Jackson Financial by 286.5% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 566,916 shares of the company’s stock worth $49,367,000 after purchasing an additional 420,245 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Jackson Financial during the 4th quarter valued at $27,193,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on JXN. Barclays dropped their price target on Jackson Financial from $117.00 to $116.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Evercore ISI cut shares of Jackson Financial from an “in-line” rating to an “underperform” rating and increased their target price for the stock from $74.00 to $95.00 in a report on Thursday, November 14th. One investment 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’s stock. According to MarketBeat.com, Jackson Financial 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.