Savant Capital LLC Has $316,000 Stake in Jackson Financial Inc. (NYSE:JXN)

Savant Capital LLC grew its position in Jackson Financial Inc. (NYSE:JXN) by 7.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,624 shares of the company’s stock after acquiring an additional 252 shares during the quarter. Savant Capital LLC’s holdings in Jackson Financial were worth $316,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC increased its stake in shares of 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 buying an additional 932,085 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Jackson Financial by 40.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,050,903 shares of the company’s stock valued at $95,874,000 after buying an additional 300,520 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Jackson Financial by 6,642.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 226,418 shares of the company’s stock worth $19,716,000 after purchasing an additional 223,060 shares during the period. Ibex Wealth Advisors acquired a new stake in shares of Jackson Financial during the fourth quarter worth $17,055,000. Finally, Assenagon Asset Management S.A. raised its stake in Jackson Financial by 586.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 180,253 shares of the company’s stock valued at $15,696,000 after purchasing an additional 153,992 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Jackson Financial Stock Performance

NYSE:JXN opened at $96.58 on Tuesday. The stock has a market cap of $7.13 billion, a P/E ratio of -7.64 and a beta of 1.47. 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 twelve month low of $48.00 and a twelve month high of $115.22. The business’s 50-day moving average price is $91.04 and its two-hundred day moving average price is $92.46.

Insider Activity at Jackson Financial

In other Jackson Financial news, Director Gregory T. Durant acquired 1,500 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average cost of $90.28 per share, for a total transaction of $135,420.00. Following the transaction, the director now owns 32,023 shares in the company, valued at $2,891,036.44. This represents a 4.91 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

JXN has been the topic of several research reports. Evercore ISI cut Jackson Financial from an “in-line” rating to an “underperform” rating and boosted their price target for the stock from $74.00 to $95.00 in a report 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 investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target 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.