Choreo LLC Buys Shares of 2,459 Jackson Financial Inc. (NYSE:JXN)

Choreo LLC acquired a new position in Jackson Financial Inc. (NYSE:JXN) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 2,459 shares of the company’s stock, valued at approximately $213,000.

A number of other large investors have also recently added to or reduced their stakes in JXN. State Street Corp boosted 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 purchasing an additional 153,326 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Jackson Financial by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,086,155 shares of the company’s stock worth $194,187,000 after purchasing an additional 144,530 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Jackson Financial by 40.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,050,903 shares of the company’s stock worth $95,874,000 after purchasing an additional 300,520 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Jackson Financial by 9,363.9% in the third 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 period. Finally, Principal Financial Group Inc. increased its stake in Jackson Financial by 0.3% in the third quarter. Principal Financial Group Inc. now owns 407,104 shares of the company’s stock valued at $37,140,000 after purchasing an additional 1,152 shares during the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Jackson Financial

In other news, Director Gregory T. Durant purchased 1,500 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was purchased at an average cost of $90.28 per share, with a total value of $135,420.00. Following the purchase, the director now owns 32,023 shares in the company, valued at $2,891,036.44. This trade represents a 4.91 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on JXN shares. Evercore ISI cut shares of Jackson Financial from an “in-line” rating to an “underperform” rating and boosted their price objective for the company from $74.00 to $95.00 in a research note on Thursday, November 14th. Barclays cut their price objective on Jackson Financial from $117.00 to $116.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $92.40.

Jackson Financial Stock Performance

Jackson Financial stock opened at $96.58 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.30 and a quick ratio of 0.30. Jackson Financial Inc. has a 12 month low of $48.00 and a 12 month high of $115.22. The company has a fifty day moving average price of $91.00 and a two-hundred day moving average price of $92.35. The company has a market cap of $7.13 billion, a PE ratio of -7.64 and a beta of 1.47.

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.