Jackson Financial Inc. (NYSE:JXN) Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its position in Jackson Financial Inc. (NYSE:JXN - Free Report) by 22.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,839 shares of the company's stock after acquiring an additional 19,934 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.15% of Jackson Financial worth $9,565,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. World Investment Advisors LLC purchased a new stake in shares of Jackson Financial in the 3rd quarter valued at approximately $31,000. Blue Trust Inc. raised its holdings in Jackson Financial by 232.1% during the third quarter. Blue Trust Inc. now owns 372 shares of the company's stock worth $34,000 after purchasing an additional 260 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Jackson Financial during the 4th quarter worth approximately $126,000. Harbor Capital Advisors Inc. purchased a new position in shares of Jackson Financial in the 3rd quarter valued at $141,000. Finally, CWM LLC raised 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 acquiring an additional 635 shares in the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Jackson Financial Stock Performance

Shares of JXN stock traded up $0.62 during midday trading on Wednesday, hitting $91.71. The company had a trading volume of 505,082 shares, compared to its average volume of 538,977. The stock has a market cap of $6.77 billion, a price-to-earnings ratio of -7.26 and a beta of 1.47. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.30 and a quick ratio of 0.30. The company's 50 day simple moving average is $91.86 and its 200 day simple moving average is $91.99. Jackson Financial Inc. has a 52-week low of $48.00 and a 52-week high of $115.22.

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

Analysts Set New Price Targets

Several equities analysts have issued reports on JXN shares. Evercore ISI lowered Jackson Financial from an "in-line" rating to an "underperform" rating and raised their price objective for the stock from $74.00 to $95.00 in a report on Thursday, November 14th. Barclays dropped their price target on Jackson Financial from $117.00 to $116.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $92.40.

Insider Buying and Selling

In other Jackson Financial news, Director Gregory T. Durant acquired 1,500 shares of the company's stock in a transaction dated Wednesday, December 11th. The stock was acquired at an average cost of $90.28 per share, with a total value of $135,420.00. Following the purchase, the director now directly 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 filing with the SEC, which is available through this link. 1.30% of the stock is owned by insiders.

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.