Yousif Capital Management LLC Sells 632 Shares of Jackson Financial Inc. (NYSE:JXN)

Yousif Capital Management LLC lowered its position in Jackson Financial Inc. (NYSE:JXN) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,028 shares of the company’s stock after selling 632 shares during the period. Yousif Capital Management LLC’s holdings in Jackson Financial were worth $2,615,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in JXN. State Street Corp boosted its position in Jackson Financial by 4.9% in the third 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 raised 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% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,050,903 shares of the company’s stock worth $95,874,000 after buying an additional 300,520 shares during the last quarter. International Assets Investment Management LLC grew its position in Jackson Financial by 9,363.9% during the third 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. Finally, Wedge Capital Management L L P NC purchased a new stake in Jackson Financial during the third quarter worth about $40,795,000. 89.96% of the stock is owned by institutional investors.

Insider Activity at Jackson Financial

In related news, Director Gregory T. Durant bought 1,500 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were 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 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 company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Evercore ISI downgraded 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 note on Thursday, November 14th. Barclays lowered their target price on Jackson Financial from $117.00 to $116.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Jackson Financial presently has a consensus rating of “Hold” and a consensus target price of $92.40.

Jackson Financial Price Performance

Shares of Jackson Financial stock opened at $93.21 on Monday. The stock has a market capitalization of $6.88 billion, a price-to-earnings ratio of -7.37 and a beta of 1.47. The company has a fifty day moving average of $91.57 and a 200-day moving average of $92.16. Jackson Financial Inc. has a 52-week low of $48.00 and a 52-week high of $115.22. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30.

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.