Jackson Financial Inc. (NYSE:JXN) Shares Bought by Alexander Labrunerie & CO. Inc.

Alexander Labrunerie & CO. Inc. raised its stake in Jackson Financial Inc. (NYSE:JXN) by 1.4% in the fourth quarter, HoldingsChannel reports. The fund owned 36,209 shares of the company’s stock after purchasing an additional 500 shares during the period. Jackson Financial accounts for approximately 1.4% of Alexander Labrunerie & CO. Inc.’s investment portfolio, making the stock its 22nd largest holding. Alexander Labrunerie & CO. Inc.’s holdings in Jackson Financial were worth $3,153,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of JXN. State Street Corp raised its stake in shares of Jackson Financial by 4.9% during the 3rd quarter. State Street Corp now owns 3,266,981 shares of the company’s stock worth $298,047,000 after buying an additional 153,326 shares during the period. Geode Capital Management LLC raised its stake in Jackson Financial by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,086,155 shares of the company’s stock valued at $194,187,000 after purchasing an additional 144,530 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Jackson Financial by 40.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,050,903 shares of the company’s stock valued at $95,874,000 after purchasing an additional 300,520 shares during the last quarter. International Assets Investment Management LLC raised its stake in Jackson Financial by 9,363.9% in the 3rd quarter. International Assets Investment Management LLC now owns 942,039 shares of the company’s stock valued at $85,942,000 after purchasing an additional 932,085 shares during the last quarter. Finally, Wedge Capital Management L L P NC acquired a new position in Jackson Financial in the 3rd quarter valued at $40,795,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Jackson Financial Stock Up 0.4 %

NYSE JXN opened at $91.18 on Wednesday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.42. Jackson Financial Inc. has a twelve month low of $48.00 and a twelve month high of $115.22. The stock has a fifty day simple moving average of $92.02 and a 200-day simple moving average of $91.99.

Jackson Financial (NYSE:JXN) last released its quarterly earnings results on Wednesday, November 6th. The company reported $4.60 earnings per share for the quarter, missing analysts’ consensus estimates of $4.67 by ($0.07). The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the company posted $3.80 EPS. On average, sell-side analysts expect that Jackson Financial Inc. will post 18.85 earnings per share for the current year.

Analyst Ratings Changes

JXN has been the subject of several recent research reports. Evercore ISI downgraded Jackson Financial from an “in-line” rating to an “underperform” rating and increased their price objective for the company from $74.00 to $95.00 in a research note on Thursday, November 14th. Barclays reduced their price objective on Jackson Financial from $117.00 to $116.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. One equities research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $92.40.

Insider Transactions at Jackson Financial

In other news, Director Gregory T. Durant bought 1,500 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was bought at an average cost of $90.28 per share, for a total transaction of $135,420.00. Following the acquisition, the director now directly owns 32,023 shares of the company’s stock, valued at $2,891,036.44. The trade was a 4.91 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.

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.