Kestra Private Wealth Services LLC Has $704,000 Stake in Jackson Financial Inc. (NYSE:JXN)

Kestra Private Wealth Services LLC lifted its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 23.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,084 shares of the company’s stock after purchasing an additional 1,524 shares during the period. Kestra Private Wealth Services LLC’s holdings in Jackson Financial were worth $704,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JXN. International Assets Investment Management LLC lifted its position in 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 buying an additional 932,085 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Jackson Financial by 40.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,050,903 shares of the company’s stock worth $95,874,000 after purchasing an additional 300,520 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Jackson Financial by 6,642.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 226,418 shares of the company’s stock worth $19,716,000 after purchasing an additional 223,060 shares in the last quarter. Ibex Wealth Advisors bought a new stake in shares of Jackson Financial during the fourth quarter valued at approximately $17,055,000. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Jackson Financial by 586.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 180,253 shares of the company’s stock valued at $15,696,000 after purchasing an additional 153,992 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Evercore ISI lowered Jackson Financial from an “in-line” rating to an “underperform” rating and increased their price objective for the company from $74.00 to $95.00 in a research report on Thursday, November 14th. Barclays lowered their price objective 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s 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 other news, Director Gregory T. Durant bought 1,500 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were bought at an average cost of $90.28 per share, for a total transaction of $135,420.00. Following the completion of the acquisition, 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.30% of the company’s stock.

Jackson Financial Stock Up 4.0 %

NYSE:JXN opened at $96.58 on Friday. The stock’s fifty day simple moving average is $91.00 and its 200-day simple moving average is $92.32. The firm has a market capitalization of $7.13 billion, a P/E 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. Jackson Financial Inc. has a 12-month low of $48.00 and a 12-month high of $115.22.

About Jackson Financial

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.