Louisiana State Employees Retirement System Trims Stock Holdings in Jackson Financial Inc. (NYSE:JXN)

Louisiana State Employees Retirement System lowered its holdings in Jackson Financial Inc. (NYSE:JXN) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,700 shares of the company’s stock after selling 700 shares during the period. Louisiana State Employees Retirement System’s holdings in Jackson Financial were worth $3,109,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gordian Capital Singapore Pte Ltd boosted its holdings in Jackson Financial by 300.0% in the third quarter. Gordian Capital Singapore Pte Ltd now owns 16,000 shares of the company’s stock valued at $1,460,000 after purchasing an additional 12,000 shares during the last quarter. CWA Asset Management Group LLC purchased a new position in Jackson Financial in the third quarter valued at about $897,000. Assetmark Inc. boosted its holdings in Jackson Financial by 7.9% in the third quarter. Assetmark Inc. now owns 91,641 shares of the company’s stock valued at $8,360,000 after purchasing an additional 6,724 shares during the last quarter. World Investment Advisors LLC purchased a new position in Jackson Financial in the third quarter valued at about $31,000. Finally, Versor Investments LP boosted its holdings in Jackson Financial by 145.1% in the third quarter. Versor Investments LP now owns 17,710 shares of the company’s stock valued at $1,616,000 after purchasing an additional 10,483 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Jackson Financial Stock Up 1.6 %

Shares of Jackson Financial stock opened at $93.11 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.42. The business’s 50 day simple moving average is $91.13 and its 200-day simple moving average is $92.24. The stock has a market capitalization of $6.88 billion, a price-to-earnings ratio of -7.37 and a beta of 1.47. Jackson Financial Inc. has a twelve month low of $48.00 and a twelve month high of $115.22.

Analyst Upgrades and Downgrades

A number of research firms have commented on JXN. Barclays reduced their target price on Jackson Financial from $117.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Evercore ISI downgraded Jackson Financial from an “in-line” rating to an “underperform” rating and increased their target price for the stock from $74.00 to $95.00 in a report on Thursday, November 14th. One equities 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $92.40.

Insider Transactions at Jackson Financial

In related news, Director Gregory T. Durant purchased 1,500 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were acquired 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 of the company’s stock, valued at $2,891,036.44. This trade represents a 4.91 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

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.