Vest Financial LLC Grows Position in Jackson Financial Inc. (NYSE:JXN)

Vest Financial LLC raised its position in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 27.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 395,365 shares of the company's stock after purchasing an additional 84,999 shares during the quarter. Vest Financial LLC owned 0.54% of Jackson Financial worth $34,428,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of JXN. World Investment Advisors LLC bought a new stake in shares of Jackson Financial in the third quarter worth approximately $31,000. Blue Trust Inc. grew its stake in shares of Jackson Financial by 232.1% in the third quarter. Blue Trust Inc. now owns 372 shares of the company's stock worth $34,000 after acquiring an additional 260 shares during the period. R Squared Ltd bought a new stake in shares of Jackson Financial in the fourth quarter worth approximately $126,000. Harbor Capital Advisors Inc. bought a new stake in shares of Jackson Financial in the third quarter worth approximately $141,000. Finally, GAMMA Investing LLC grew its stake 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. 89.96% of the stock is currently owned by institutional investors.

Jackson Financial Stock Performance

Shares of JXN traded down $0.79 on Tuesday, reaching $92.14. The company's stock 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 current ratio of 0.30 and a quick ratio of 0.30. The stock has a market capitalization of $6.81 billion, a P/E ratio of -7.29 and a beta of 1.47. The stock's 50 day simple moving average is $91.42 and its two-hundred day simple moving average is $92.22. Jackson Financial Inc. has a 12-month low of $48.00 and a 12-month high of $115.22.

Insider Buying and Selling at Jackson Financial

In other news, Director Gregory T. Durant purchased 1,500 shares of the stock in a transaction on Wednesday, December 11th. The shares were acquired at an average price 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 of the company's stock, valued at $2,891,036.44. This trade represents a 4.91 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on JXN. Barclays reduced their price target on shares of Jackson Financial from $117.00 to $116.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. Evercore ISI downgraded shares of 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $92.40.

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.