Four Tree Island Advisory LLC Makes New $19.30 Million Investment in Jackson Financial Inc. (NYSE:JXN)

Four Tree Island Advisory LLC acquired a new position in Jackson Financial Inc. (NYSE:JXN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 221,617 shares of the company's stock, valued at approximately $19,298,000. Jackson Financial comprises about 13.3% of Four Tree Island Advisory LLC's portfolio, making the stock its 2nd biggest position. Four Tree Island Advisory LLC owned about 0.30% of Jackson Financial as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in shares of 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 acquiring an additional 885 shares during the period. CWM LLC grew its stake in Jackson Financial by 62.0% during the third quarter. CWM LLC now owns 1,660 shares of the company's stock valued at $151,000 after acquiring an additional 635 shares in the last quarter. Ritholtz Wealth Management grew its position in shares of Jackson Financial by 82.2% during the 3rd quarter. Ritholtz Wealth Management now owns 17,822 shares of the company's stock valued at $1,626,000 after purchasing an additional 8,043 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Jackson Financial by 3.5% in the third quarter. Exchange Traded Concepts LLC now owns 27,938 shares of the company's stock worth $2,549,000 after purchasing an additional 948 shares during the period. Finally, MorganRosel Wealth Management LLC purchased a new position in shares of Jackson Financial during the third quarter worth about $1,531,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Jackson Financial Trading Down 0.2 %

JXN stock traded down $0.22 during midday trading on Tuesday, hitting $92.71. The company had a trading volume of 119,064 shares, compared to its average volume of 509,963. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.42. Jackson Financial Inc. has a 52 week low of $48.00 and a 52 week high of $115.22. The stock has a market cap of $6.85 billion, a price-to-earnings ratio of -7.33 and a beta of 1.47. The stock's 50 day moving average price is $91.57 and its 200 day moving average price is $92.16.

Insider Buying and Selling at Jackson Financial

In other Jackson Financial news, Director Gregory T. Durant bought 1,500 shares of Jackson Financial stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average cost of $90.28 per share, with a total value of $135,420.00. Following the completion of the purchase, the director now owns 32,023 shares of the company's stock, valued at approximately $2,891,036.44. This represents a 4.91 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

JXN has been the topic of several recent research reports. Barclays reduced their price objective 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 lowered shares of Jackson Financial from an "in-line" rating to an "underperform" rating and boosted their price objective 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 stock. Based on data from MarketBeat.com, Jackson Financial currently has an average rating of "Hold" and a consensus price target of $92.40.

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.