Stratos Wealth Partners LTD. Acquires 3,834 Shares of Jackson Financial Inc. (NYSE:JXN)

Stratos Wealth Partners LTD. boosted its holdings in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 35.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,578 shares of the company's stock after purchasing an additional 3,834 shares during the period. Stratos Wealth Partners LTD.'s holdings in Jackson Financial were worth $1,269,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of Jackson Financial by 7.1% during the 4th quarter. GAMMA Investing LLC now owns 1,778 shares of the company's stock worth $155,000 after buying an additional 118 shares during the period. Mutual of America Capital Management LLC lifted its holdings in shares of Jackson Financial by 1.4% during the third quarter. Mutual of America Capital Management LLC now owns 11,316 shares of the company's stock valued at $1,032,000 after acquiring an additional 159 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of Jackson Financial by 0.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 50,707 shares of the company's stock valued at $4,416,000 after acquiring an additional 168 shares during the period. Caprock Group LLC boosted its stake in shares of Jackson Financial by 4.3% in the 4th quarter. Caprock Group LLC now owns 4,218 shares of the company's stock valued at $367,000 after purchasing an additional 173 shares in the last quarter. Finally, Blue Trust Inc. increased its position 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 in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Jackson Financial

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

Jackson Financial Trading Down 0.2 %

JXN traded down $0.22 during mid-day trading on Tuesday, reaching $92.71. The stock had a trading volume of 90,242 shares, compared to its average volume of 508,880. The firm's fifty day simple moving average is $91.57 and its two-hundred day simple moving average is $92.16. The stock has a market capitalization of $6.85 billion, a P/E ratio of -7.33 and a beta of 1.47. Jackson Financial Inc. has a 52 week low of $48.00 and a 52 week high of $115.22. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on JXN shares. Evercore ISI cut shares of Jackson Financial from an "in-line" rating to an "underperform" rating and upped their price objective for the stock from $74.00 to $95.00 in a research note on Thursday, November 14th. Barclays dropped 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus 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.