Alexander Labrunerie & CO. Inc. Acquires 500 Shares of Jackson Financial Inc. (NYSE:JXN)

Alexander Labrunerie & CO. Inc. raised its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,209 shares of the company’s stock after purchasing an additional 500 shares during the quarter. Jackson Financial accounts for approximately 1.4% of Alexander Labrunerie & CO. Inc.’s investment portfolio, making the stock its 22nd largest holding. Alexander Labrunerie & CO. Inc.’s holdings in Jackson Financial were worth $3,153,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. World Investment Advisors LLC bought a new stake in shares of Jackson Financial in the third quarter valued at about $31,000. Blue Trust Inc. raised its holdings in shares of Jackson Financial by 232.1% in the third quarter. Blue Trust Inc. now owns 372 shares of the company’s stock valued at $34,000 after acquiring an additional 260 shares in the last quarter. R Squared Ltd bought a new stake in shares of Jackson Financial in the fourth quarter valued at about $126,000. Harbor Capital Advisors Inc. bought a new stake in shares of Jackson Financial in the third quarter valued at about $141,000. Finally, CWM LLC raised its holdings in shares of Jackson Financial by 62.0% in the third quarter. CWM LLC now owns 1,660 shares of the company’s stock valued at $151,000 after acquiring an additional 635 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors.

Insider Transactions at Jackson Financial

In other news, Director Gregory T. Durant bought 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were purchased at an average price of $90.28 per share, for a total transaction of $135,420.00. Following the completion of the transaction, the director now directly owns 32,023 shares in the company, valued at approximately $2,891,036.44. This represents a 4.91 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on JXN. Barclays decreased their price objective on Jackson Financial from $117.00 to $116.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Evercore ISI downgraded shares of Jackson Financial from an “in-line” rating to an “underperform” rating and boosted their target price for the stock from $74.00 to $95.00 in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $92.40.

Jackson Financial Stock Up 0.4 %

Shares of Jackson Financial stock opened at $91.18 on Wednesday. Jackson Financial Inc. has a one year low of $48.00 and a one year high of $115.22. 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 company has a 50-day simple moving average of $92.02 and a two-hundred day simple moving average of $91.99.

Jackson Financial (NYSE:JXN) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $4.60 earnings per share for the quarter, missing analysts’ consensus estimates of $4.67 by ($0.07). The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the firm earned $3.80 EPS. On average, equities research analysts forecast that Jackson Financial Inc. will post 18.85 earnings per share for the current fiscal year.

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.