International Assets Investment Management LLC Buys 42,257 Shares of Jackson Financial Inc. $JXN

International Assets Investment Management LLC increased its stake in shares of Jackson Financial Inc. (NYSE:JXN – Free Report) by 345.0% in the 3rd quarter, Holdings Channel reports. The firm owned 54,504 shares of the company’s stock after buying an additional 42,257 shares during the period. International Assets Investment Management LLC’s holdings in Jackson Financial were worth $7,048,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Signature Equity Partners LLC purchased a new stake in Jackson Financial in the first quarter worth approximately $38,000. Root Financial Partners LLC grew its position in Jackson Financial by 46.4% in the 1st quarter. Root Financial Partners LLC now owns 401 shares of the company’s stock worth $42,000 after purchasing an additional 127 shares during the period. Continuum Advisory LLC purchased a new stake in Jackson Financial during the 2nd quarter valued at $59,000. Allworth Financial LP raised its stake in Jackson Financial by 22.7% during the 2nd quarter. Allworth Financial LP now owns 573 shares of the company’s stock valued at $59,000 after buying an additional 106 shares during the last quarter. Finally, Western Wealth Management LLC bought a new position in shares of Jackson Financial during the 1st quarter valued at $78,000. Institutional investors own 89.96% of the company’s stock.

Analysts Set New Price Targets

JXN has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $140.00 target price on shares of Jackson Financial in a report on Friday, September 18th. Wall Street Zen upgraded Jackson Financial from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Jefferies Financial Group raised shares of Jackson Financial from a “hold” rating to a “buy” rating and upped their price target for the company from $120.00 to $140.00 in a research report on Friday, July 10th. Weiss Ratings raised shares of Jackson Financial from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 4th. Finally, Barclays set a $151.00 price objective on shares of Jackson Financial in a research note on Thursday, October 8th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $134.20.

Read Our Latest Stock Analysis on Jackson Financial

Jackson Financial Stock Performance

NYSE:JXN opened at $134.76 on Monday. The stock has a 50-day simple moving average of $133.06 and a two-hundred day simple moving average of $118.06. Jackson Financial Inc. has a 52-week low of $89.67 and a 52-week high of $140.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.26 and a current ratio of 0.26. The firm has a market capitalization of $9.13 billion, a PE ratio of 189.81 and a beta of 1.34.

Jackson Financial (NYSE:JXN – Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The company reported $7.30 earnings per share for the quarter, beating the consensus estimate of $5.72 by $1.58. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.91 billion. Jackson Financial had a net margin of 1.59% and a return on equity of 18.93%.

Insider Buying and Selling at Jackson Financial

In related news, CEO Christopher Raub sold 5,000 shares of Jackson Financial stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $130.69, for a total transaction of $653,450.00. Following the transaction, the chief executive officer owned 42,160 shares in the company, valued at approximately $5,509,890.40. The trade was a 10.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Carrie Chelko sold 7,500 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $134.24, for a total transaction of $1,006,800.00. Following the completion of the transaction, the executive vice president directly owned 80,914 shares of the company’s stock, valued at $10,861,895.36. This represents a 8.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.40% of the stock is owned by company insiders.

Jackson Financial Company Profile

(Free Report)

Jackson Financial Inc is a U.S.-based financial services company focused on helping individuals and institutions pursue retirement security. Through its operating subsidiaries, the company develops and distributes annuity products designed to provide income, investment growth opportunities and protection against certain retirement-related risks.

Jackson’s offerings include variable annuities, fixed annuities and fixed-indexed annuities, along with related retirement planning solutions.

Further Reading

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Institutional Ownership by Quarter for Jackson Financial (NYSE:JXN)

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