SG Americas Securities LLC Sells 8,886 Shares of Jackson Financial Inc. (NYSE:JXN)

SG Americas Securities LLC reduced its holdings in Jackson Financial Inc. (NYSE:JXN) by 81.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,999 shares of the company’s stock after selling 8,886 shares during the period. SG Americas Securities LLC’s holdings in Jackson Financial were worth $174,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC grew its holdings in Jackson Financial by 6,642.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 226,418 shares of the company’s stock valued at $19,716,000 after purchasing an additional 223,060 shares during the last quarter. Kera Capital Partners Inc. bought a new stake in Jackson Financial during the 4th quarter valued at $6,500,000. Wealthcare Advisory Partners LLC boosted its holdings in shares of Jackson Financial by 79.9% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 13,930 shares of the company’s stock valued at $1,213,000 after buying an additional 6,188 shares in the last quarter. Ritholtz Wealth Management lifted its holdings in shares of Jackson Financial by 7.1% during the 4th quarter. Ritholtz Wealth Management now owns 19,092 shares of the company’s stock valued at $1,662,000 after purchasing an additional 1,270 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Jackson Financial by 586.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 180,253 shares of the company’s stock worth $15,696,000 after acquiring an additional 153,992 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on JXN shares. Evercore ISI downgraded Jackson Financial from an “in-line” rating to an “underperform” rating and lifted their target price for the stock from $74.00 to $95.00 in a report on Thursday, November 14th. Barclays reduced their target price on Jackson Financial from $117.00 to $116.00 and set an “overweight” rating for the company in a report 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 given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $92.40.

Insider Buying and Selling at Jackson Financial

In related news, Director Gregory T. Durant bought 1,500 shares of the stock in a transaction that occurred 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 directly owns 32,023 shares of the company’s stock, valued at $2,891,036.44. This trade represents a 4.91 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 1.30% of the stock is currently owned by corporate insiders.

Jackson Financial Price Performance

NYSE:JXN opened at $93.21 on Monday. The company has a market capitalization of $6.88 billion, a P/E ratio of -7.37 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 52 week low of $48.00 and a 52 week high of $115.22. The stock’s fifty day moving average is $91.57 and its two-hundred day moving average is $92.16.

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.