Tcfg Wealth Management LLC Sells 877 Shares of Jackson Financial Inc. (NYSE:JXN)

Tcfg Wealth Management LLC cut its holdings in Jackson Financial Inc. (NYSE:JXN) by 16.2% during the fourth quarter, HoldingsChannel reports. The firm owned 4,543 shares of the company’s stock after selling 877 shares during the period. Tcfg Wealth Management LLC’s holdings in Jackson Financial were worth $396,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Gordian Capital Singapore Pte Ltd increased its stake in shares of Jackson Financial by 300.0% in the third quarter. Gordian Capital Singapore Pte Ltd now owns 16,000 shares of the company’s stock worth $1,460,000 after purchasing an additional 12,000 shares during the period. CWA Asset Management Group LLC bought a new position in shares of Jackson Financial in the third quarter worth about $897,000. Assetmark Inc. increased its stake in shares of Jackson Financial by 7.9% in the third quarter. Assetmark Inc. now owns 91,641 shares of the company’s stock worth $8,360,000 after purchasing an additional 6,724 shares during the period. World Investment Advisors LLC bought a new position in shares of Jackson Financial in the third quarter worth about $31,000. Finally, Versor Investments LP increased its stake in shares of Jackson Financial by 145.1% in the third quarter. Versor Investments LP now owns 17,710 shares of the company’s stock worth $1,616,000 after purchasing an additional 10,483 shares during the period. 89.96% of the stock is currently owned by institutional investors.

Jackson Financial Stock Up 4.0 %

JXN stock opened at $96.58 on Friday. Jackson Financial Inc. has a twelve month low of $48.00 and a twelve month high of $115.22. The company has a market cap of $7.13 billion, a PE ratio of -7.64 and a beta of 1.47. The business’s 50-day simple moving average is $91.00 and its 200 day simple moving average is $92.35. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.42.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, Director Gregory T. Durant bought 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average cost of $90.28 per share, with a total value of $135,420.00. Following the completion of the transaction, the director now directly 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 accessible through this hyperlink. 1.30% of the stock is owned by company insiders.

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.