Jackson Financial Inc. $JXN Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd trimmed its position in Jackson Financial Inc. (NYSE:JXN) by 93.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,330 shares of the company’s stock after selling 32,588 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Jackson Financial were worth $236,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Samalin Investment Counsel LLC lifted its position in shares of Jackson Financial by 2.0% in the third quarter. Samalin Investment Counsel LLC now owns 5,370 shares of the company’s stock valued at $544,000 after acquiring an additional 104 shares in the last quarter. Bank of Montreal Can raised its stake in Jackson Financial by 1.1% in the 2nd quarter. Bank of Montreal Can now owns 12,857 shares of the company’s stock valued at $1,142,000 after purchasing an additional 142 shares during the last quarter. Gladstone Institutional Advisory LLC lifted its holdings in Jackson Financial by 7.9% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 2,552 shares of the company’s stock valued at $258,000 after purchasing an additional 187 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in Jackson Financial by 62.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 558 shares of the company’s stock worth $50,000 after purchasing an additional 215 shares during the last quarter. Finally, Benjamin Edwards Inc. grew its holdings in shares of Jackson Financial by 2.9% during the third quarter. Benjamin Edwards Inc. now owns 8,193 shares of the company’s stock worth $829,000 after buying an additional 229 shares in the last quarter. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Jackson Financial Stock Down 1.3%

JXN stock opened at $115.98 on Friday. Jackson Financial Inc. has a one year low of $64.70 and a one year high of $123.61. The firm has a market cap of $7.88 billion, a PE ratio of 16.04 and a beta of 1.45. The firm’s 50 day moving average price is $109.61 and its 200-day moving average price is $100.61. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.27 and a current ratio of 0.27.

Jackson Financial (NYSE:JXN) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $6.16 earnings per share for the quarter, topping the consensus estimate of $5.10 by $1.06. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the previous year, the company posted $4.60 earnings per share. The company’s revenue was down 33.2% on a year-over-year basis. On average, equities research analysts anticipate that Jackson Financial Inc. will post 20.55 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on JXN. Barclays reiterated an “overweight” rating and issued a $137.00 target price on shares of Jackson Financial in a research report on Thursday, January 8th. Keefe, Bruyette & Woods raised their target price on shares of Jackson Financial from $105.00 to $110.00 and gave the stock a “market perform” rating in a research note on Thursday, October 9th. Zacks Research upgraded Jackson Financial from a “hold” rating to a “strong-buy” rating in a report on Monday, October 13th. Evercore ISI set a $118.00 price target on Jackson Financial and gave the company an “in-line” rating in a report on Tuesday, January 6th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Jackson Financial in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $113.00.

Jackson Financial Company Profile

Jackson Financial Inc is a U.S.-based financial services holding company headquartered in Lansing, Michigan. The company operates primarily through its principal subsidiary, Jackson National Life Insurance Company, and specializes in designing and distributing retirement products. Jackson Financial has been publicly traded on the New York Stock Exchange under the ticker JXN since its initial public offering in May 2022.

The company’s core offerings include a broad range of fixed, variable and indexed annuity products aimed at helping individuals preserve and grow retirement assets.