Jackson Financial Inc. (NYSE:JXN) Stock Position Decreased by Tcfg Wealth Management LLC

Tcfg Wealth Management LLC cut its stake in shares of Jackson Financial Inc. (NYSE:JXN) by 16.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,543 shares of the company’s stock after selling 877 shares during the quarter. Tcfg Wealth Management LLC’s holdings in Jackson Financial were worth $396,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Empowered Funds LLC acquired a new stake in shares of Jackson Financial in the fourth quarter worth $26,000. World Investment Advisors LLC acquired a new stake in shares of Jackson Financial in the third quarter worth $31,000. Blue Trust Inc. boosted its position in shares of Jackson Financial by 232.1% in the third quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $34,000 after buying an additional 260 shares during the period. R Squared Ltd acquired a new stake in shares of Jackson Financial in the fourth quarter worth $126,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of Jackson Financial in the third quarter worth $141,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Insider Activity at Jackson Financial

In other news, Director Gregory T. Durant acquired 1,500 shares of Jackson Financial stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average price of $90.28 per share, with a total value of $135,420.00. Following the completion of the transaction, the director now owns 32,023 shares in the company, valued at approximately $2,891,036.44. This trade represents a 4.91 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.30% of the company’s stock.

Jackson Financial Price Performance

JXN opened at $96.58 on Friday. The stock has a market cap of $7.13 billion, a price-to-earnings ratio of -7.64 and a beta of 1.47. Jackson Financial Inc. has a 1 year low of $48.00 and a 1 year high of $115.22. 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 stock has a fifty day moving average price of $91.00 and a 200 day moving average price of $92.35.

Analyst Ratings Changes

Several brokerages have recently commented on JXN. Barclays decreased their target price on Jackson Financial from $117.00 to $116.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Evercore ISI cut Jackson Financial from an “in-line” rating to an “underperform” rating and raised their target price for the stock from $74.00 to $95.00 in a research 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 issued a buy rating to the stock. According to data from MarketBeat.com, the company 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.