Four Tree Island Advisory LLC Purchases Shares of 221,617 Jackson Financial Inc. (NYSE:JXN)

Four Tree Island Advisory LLC bought a new stake in shares of Jackson Financial Inc. (NYSE:JXN) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 221,617 shares of the company’s stock, valued at approximately $19,298,000. Jackson Financial makes up 13.3% of Four Tree Island Advisory LLC’s portfolio, making the stock its 2nd largest position. Four Tree Island Advisory LLC owned about 0.30% of Jackson Financial at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of JXN. GAMMA Investing LLC grew its position 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. CWM LLC raised its position in Jackson Financial by 62.0% in the 3rd quarter. CWM LLC now owns 1,660 shares of the company’s stock worth $151,000 after purchasing an additional 635 shares during the last quarter. Ritholtz Wealth Management lifted its holdings in Jackson Financial by 82.2% during the 3rd quarter. Ritholtz Wealth Management now owns 17,822 shares of the company’s stock worth $1,626,000 after buying an additional 8,043 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in Jackson Financial by 3.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 27,938 shares of the company’s stock valued at $2,549,000 after buying an additional 948 shares during the last quarter. Finally, MorganRosel Wealth Management LLC acquired a new position in shares of Jackson Financial during the third quarter valued at $1,531,000. 89.96% of the stock is currently owned by institutional investors.

Jackson Financial Price Performance

NYSE JXN opened at $93.21 on Monday. The firm’s 50 day moving average is $91.57 and its 200-day moving average is $92.16. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.42. Jackson Financial Inc. has a 12-month low of $48.00 and a 12-month high of $115.22. The company has a market capitalization of $6.88 billion, a PE ratio of -7.37 and a beta of 1.47.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on JXN. Barclays lowered 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 report on Monday, January 6th. Evercore ISI lowered shares of Jackson Financial from an “in-line” rating to an “underperform” rating and lifted their price target for the company from $74.00 to $95.00 in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Jackson Financial presently has an average rating of “Hold” and a consensus price target of $92.40.

Insider Activity

In other news, Director Gregory T. Durant bought 1,500 shares of the firm’s stock in a transaction that occurred on 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 completion of the purchase, the director now owns 32,023 shares of the company’s stock, valued at $2,891,036.44. This represents a 4.91 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 1.30% of the stock is owned by corporate insiders.

About Jackson Financial

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.