Vest Financial LLC Grows Stock Holdings in Jackson Financial Inc. (NYSE:JXN)

Vest Financial LLC lifted its position in Jackson Financial Inc. (NYSE:JXN) by 27.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 395,365 shares of the company’s stock after buying an additional 84,999 shares during the period. Vest Financial LLC owned approximately 0.54% of Jackson Financial worth $34,428,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in Jackson Financial by 114.2% in the third quarter. GAMMA Investing LLC now owns 1,660 shares of the company’s stock worth $151,000 after purchasing an additional 885 shares during the last quarter. CWM LLC grew its stake in Jackson Financial by 62.0% during the 3rd quarter. CWM LLC now owns 1,660 shares of the company’s stock worth $151,000 after buying an additional 635 shares during the last quarter. Marcum Wealth LLC acquired a new position in Jackson Financial during the 3rd quarter valued at about $279,000. Ritholtz Wealth Management raised its stake in Jackson Financial by 82.2% in the third quarter. Ritholtz Wealth Management now owns 17,822 shares of the company’s stock valued at $1,626,000 after buying an additional 8,043 shares during the last quarter. Finally, Burns Matteson Capital Management LLC acquired a new stake in Jackson Financial in the third quarter worth about $394,000. Institutional investors own 89.96% of the company’s stock.

Jackson Financial Trading Up 0.6 %

Jackson Financial stock opened at $93.21 on Friday. Jackson Financial Inc. has a 52 week low of $48.00 and a 52 week high of $115.22. The stock has a 50-day moving average price of $91.71 and a 200 day moving average price of $91.99. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $6.88 billion, a price-to-earnings ratio of -7.37 and a beta of 1.47.

Jackson Financial (NYSE:JXN) last released its quarterly earnings data on Wednesday, November 6th. The company reported $4.60 EPS for the quarter, missing the consensus estimate of $4.67 by ($0.07). The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the business earned $3.80 earnings per share. Sell-side analysts anticipate that Jackson Financial Inc. will post 18.85 EPS for the current year.

Analyst Ratings Changes

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

Insider Activity at Jackson Financial

In related news, Director Gregory T. Durant purchased 1,500 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was bought at an average cost of $90.28 per share, with a total value of $135,420.00. Following the completion of the acquisition, the director now owns 32,023 shares of the company’s stock, valued at $2,891,036.44. The trade was a 4.91 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.30% of the stock is currently owned by insiders.

Jackson Financial 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.