Van ECK Associates Corp Takes $5.19 Million Position in Jackson Financial Inc. (NYSE:JXN)

Van ECK Associates Corp purchased a new position in shares of Jackson Financial Inc. (NYSE:JXN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 59,626 shares of the company’s stock, valued at approximately $5,192,000. Van ECK Associates Corp owned about 0.08% of Jackson Financial as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of JXN. Four Tree Island Advisory LLC acquired a new position in Jackson Financial in the fourth quarter valued at $19,298,000. Savant Capital LLC increased its stake in shares of Jackson Financial by 7.5% during the 4th quarter. Savant Capital LLC now owns 3,624 shares of the company’s stock valued at $316,000 after acquiring an additional 252 shares during the last quarter. Kestra Private Wealth Services LLC increased its stake in shares of Jackson Financial by 23.2% during the 4th quarter. Kestra Private Wealth Services LLC now owns 8,084 shares of the company’s stock valued at $704,000 after acquiring an additional 1,524 shares during the last quarter. Entropy Technologies LP lifted its holdings in shares of Jackson Financial by 38.9% during the 4th quarter. Entropy Technologies LP now owns 5,556 shares of the company’s stock worth $484,000 after acquiring an additional 1,556 shares during the period. Finally, Empowered Funds LLC purchased a new stake in Jackson Financial in the fourth quarter valued at approximately $26,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Jackson Financial Stock Up 1.3 %

Shares of Jackson Financial stock opened at $97.91 on Wednesday. Jackson Financial Inc. has a 1-year low of $48.00 and a 1-year high of $115.22. The company has a market capitalization of $7.23 billion, a P/E ratio of -7.75 and a beta of 1.47. The business’s fifty day moving average price is $91.04 and its two-hundred day moving average price is $92.46. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.30 and a quick ratio of 0.30.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on JXN. Evercore ISI cut shares of Jackson Financial from an “in-line” rating to an “underperform” rating and upped their price objective for the company from $74.00 to $95.00 in a research report on Thursday, November 14th. Barclays lowered 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 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 company’s stock. Based on data from MarketBeat, Jackson Financial presently has a consensus rating of “Hold” and an average target price 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.