Jackson Financial Inc. (NYSE:JXN) Holdings Lifted by Caprock Group LLC

Caprock Group LLC boosted its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 4.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 4,218 shares of the company’s stock after buying an additional 173 shares during the period. Caprock Group LLC’s holdings in Jackson Financial were worth $367,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp raised its stake in shares of Jackson Financial by 4.9% during the 3rd quarter. State Street Corp now owns 3,266,981 shares of the company’s stock worth $298,047,000 after purchasing an additional 153,326 shares in the last quarter. Geode Capital Management LLC lifted its stake in Jackson Financial by 7.4% in the third quarter. Geode Capital Management LLC now owns 2,086,155 shares of the company’s stock valued at $194,187,000 after acquiring an additional 144,530 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Jackson Financial by 40.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,050,903 shares of the company’s stock worth $95,874,000 after acquiring an additional 300,520 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Jackson Financial by 9,363.9% during the 3rd 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. Finally, Wedge Capital Management L L P NC bought a new position in shares of Jackson Financial during the 3rd quarter valued at $40,795,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on JXN. Evercore ISI lowered Jackson Financial from an “in-line” rating to an “underperform” rating and boosted their target price for the stock from $74.00 to $95.00 in a report on Thursday, November 14th. Barclays cut their price target on Jackson Financial from $117.00 to $116.00 and set an “overweight” rating for the company in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Jackson Financial currently has a consensus rating of “Hold” and an average price target of $92.40.

Insiders Place Their Bets

In related news, Director Gregory T. Durant acquired 1,500 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average cost of $90.28 per share, for a total transaction of $135,420.00. Following the transaction, 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 through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Jackson Financial Stock Performance

Shares of NYSE JXN opened at $91.71 on Thursday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $6.77 billion, a P/E ratio of -7.26 and a beta of 1.47. The stock has a 50 day moving average of $91.86 and a 200-day moving average of $91.99. Jackson Financial Inc. has a 12 month low of $48.00 and a 12 month high of $115.22.

Jackson Financial (NYSE:JXN) last announced its earnings results 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 the consensus estimate of $1.73 billion. During the same quarter in the previous year, the company earned $3.80 earnings per share. As a group, equities research analysts predict that Jackson Financial Inc. will post 18.85 EPS for the current year.

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.