Versor Investments LP Sells 7,135 Shares of Jackson Financial Inc. $JXN

Versor Investments LP decreased its position in shares of Jackson Financial Inc. (NYSE:JXN) by 47.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,775 shares of the company’s stock after selling 7,135 shares during the period. Versor Investments LP’s holdings in Jackson Financial were worth $690,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Raiffeisen Bank International AG increased its position in Jackson Financial by 11.7% during the 1st quarter. Raiffeisen Bank International AG now owns 1,270 shares of the company’s stock worth $106,000 after buying an additional 133 shares during the period. Triumph Capital Management lifted its position in Jackson Financial by 3.6% during the second quarter. Triumph Capital Management now owns 3,990 shares of the company’s stock worth $354,000 after purchasing an additional 138 shares during the period. CWM LLC lifted its position in Jackson Financial by 7.9% during the first quarter. CWM LLC now owns 1,975 shares of the company’s stock worth $165,000 after purchasing an additional 145 shares during the period. Tcfg Wealth Management LLC lifted its position in Jackson Financial by 3.5% during the second quarter. Tcfg Wealth Management LLC now owns 4,356 shares of the company’s stock worth $387,000 after purchasing an additional 149 shares during the period. Finally, Xponance Inc. lifted its position in Jackson Financial by 2.5% during the first quarter. Xponance Inc. now owns 6,738 shares of the company’s stock worth $565,000 after purchasing an additional 166 shares during the period. Institutional investors own 89.96% of the company’s stock.

Wall Street Analysts Forecast Growth

JXN has been the subject of several recent analyst reports. Zacks Research raised shares of Jackson Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 13th. Morgan Stanley upped their price objective on shares of Jackson Financial from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Evercore ISI upped their price objective on shares of Jackson Financial from $100.00 to $110.00 and gave the stock an “underperform” rating in a research report on Thursday, October 9th. Barclays upped their price objective on shares of Jackson Financial from $118.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group upped their price objective on shares of Jackson Financial from $88.00 to $95.00 and gave the stock a “hold” rating in a research report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Jackson Financial currently has an average rating of “Hold” and a consensus target price of $109.20.

Jackson Financial Stock Performance

Jackson Financial stock opened at $99.63 on Tuesday. Jackson Financial Inc. has a 12-month low of $64.70 and a 12-month high of $115.22. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.46. The business’s 50-day moving average price is $98.82 and its two-hundred day moving average price is $90.35. The stock has a market cap of $6.94 billion, a PE ratio of -1,660.22 and a beta of 1.45.

Jackson Financial (NYSE:JXN) last released its earnings results on Wednesday, March 22nd. The company reported $6.26 earnings per share (EPS) for the quarter. Jackson Financial had a return on equity of 14.73% and a net margin of 1.73%.The firm had revenue of ($1,162.00) million for the quarter. As a group, analysts expect that Jackson Financial Inc. will post 20.55 earnings per share for the current fiscal year.

Jackson Financial announced that its board has authorized a stock buyback program on Thursday, September 18th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 14.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

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.