Jackson Financial Inc. (NYSE:JXN) Short Interest Down 10.3% in January

Jackson Financial Inc. (NYSE:JXN) was the target of a significant decline in short interest in January. As of January 31st, there was short interest totalling 3,060,000 shares, a decline of 10.3% from the January 15th total of 3,410,000 shares. Based on an average daily trading volume, of 636,200 shares, the days-to-cover ratio is presently 4.8 days. Currently, 4.3% of the company’s stock are sold short.

Insider Activity

In other Jackson Financial news, Director Gregory T. Durant acquired 1,500 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was purchased 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. The trade was a 4.91 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. First Trust Advisors LP boosted its holdings in Jackson Financial by 13.4% in the fourth quarter. First Trust Advisors LP now owns 4,134,545 shares of the company’s stock worth $360,036,000 after purchasing an additional 487,803 shares in the last quarter. State Street Corp boosted its stake in shares of Jackson Financial by 4.9% during the 3rd quarter. State Street Corp now owns 3,266,981 shares of the company’s stock worth $298,047,000 after acquiring an additional 153,326 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Jackson Financial by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 2,099,517 shares of the company’s stock valued at $188,522,000 after acquiring an additional 13,362 shares during the last quarter. Norges Bank bought a new position in shares of Jackson Financial in the 4th quarter valued at approximately $98,767,000. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in Jackson Financial by 0.5% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,082,974 shares of the company’s stock worth $94,305,000 after purchasing an additional 4,987 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Jackson Financial Stock Up 1.3 %

NYSE:JXN traded up $1.25 during mid-day trading on Tuesday, reaching $97.91. The stock had a trading volume of 748,686 shares, compared to its average volume of 525,951. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.30 and a quick ratio of 0.30. The stock has a market cap of $7.23 billion, a P/E ratio of -7.75 and a beta of 1.47. The business’s 50 day moving average is $91.04 and its 200 day moving average is $92.46. Jackson Financial has a fifty-two week low of $48.00 and a fifty-two week high of $115.22.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Barclays decreased their price target on shares of 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 lowered shares of Jackson Financial from an “in-line” rating to an “underperform” rating and lifted their target price for the company from $74.00 to $95.00 in a research note on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $92.40.

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.