SG Americas Securities LLC Sells 8,886 Shares of Jackson Financial Inc. (NYSE:JXN)

SG Americas Securities LLC cut its holdings in Jackson Financial Inc. (NYSE:JXN - Free Report) by 81.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,999 shares of the company's stock after selling 8,886 shares during the quarter. SG Americas Securities LLC's holdings in Jackson Financial were worth $174,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of JXN. Blue Trust Inc. increased its stake in shares of Jackson Financial by 232.1% during the 3rd quarter. Blue Trust Inc. now owns 372 shares of the company's stock worth $34,000 after purchasing an additional 260 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of Jackson Financial during the 3rd quarter worth approximately $141,000. CWM LLC lifted its position 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 buying an additional 635 shares in the last quarter. GAMMA Investing LLC boosted its stake in Jackson Financial by 114.2% during the 3rd 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 last quarter. Finally, iSAM Funds UK Ltd acquired a new stake in Jackson Financial during the 3rd quarter worth approximately $210,000. Institutional investors and hedge funds own 89.96% of the company's stock.

Wall Street Analyst Weigh In

JXN has been the subject of a number of research analyst reports. Barclays reduced 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. 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 note 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. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $92.40.

Jackson Financial Stock Down 0.9 %

Shares of Jackson Financial stock traded down $0.79 on Tuesday, hitting $92.14. The company had a trading volume of 353,966 shares, compared to its average volume of 518,899. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a 50 day moving average of $91.42 and a 200-day moving average of $92.22. Jackson Financial Inc. has a 1 year low of $48.00 and a 1 year high of $115.22. The stock has a market capitalization of $6.81 billion, a price-to-earnings ratio of -7.29 and a beta of 1.47.

Insider Activity

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 stock was bought at an average cost of $90.28 per share, with a total value of $135,420.00. Following the completion of the acquisition, the director now directly owns 32,023 shares in the company, valued at approximately $2,891,036.44. The trade was a 4.91 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.30% of the stock is currently owned by corporate 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.