42,257 Jackson Financial Inc. $JXN Shares Purchased by International Assets Investment Management LLC

Key Points

• International Assets Investment Management LLC increased its Jackson Financial stake by 345% in the third quarter, purchasing 42,257 additional shares and bringing its holdings to 54,504 shares valued at approximately $7.05 million.
• Jackson Financial recently reported stronger-than-expected quarterly results, with earnings per share of $7.30 versus the $5.72 consensus estimate and revenue of $2 billion. Institutional investors collectively own nearly 90% of the company.
• The stock opened at $134.76, near analysts’ average price target of $134.20. Analyst sentiment remains cautious, with two Buy ratings and four Hold ratings, while recent insider transactions involved share sales by the CEO and an executive vice president.

International Assets Investment Management LLC increased its holdings in shares of Jackson Financial Inc. (NYSE:JXN - Free Report) by 345.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,504 shares of the company's stock after acquiring an additional 42,257 shares during the period. International Assets Investment Management LLC owned approximately 0.08% of Jackson Financial worth $7,048,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of JXN. Signature Equity Partners LLC purchased a new position in shares of Jackson Financial during the first quarter valued at approximately $38,000. Root Financial Partners LLC boosted its position in shares of Jackson Financial by 46.4% in the 1st quarter. Root Financial Partners LLC now owns 401 shares of the company's stock worth $42,000 after purchasing an additional 127 shares in the last quarter. Allworth Financial LP grew its stake in shares of Jackson Financial by 22.7% in the 2nd quarter. Allworth Financial LP now owns 573 shares of the company's stock worth $59,000 after buying an additional 106 shares during the last quarter. Continuum Advisory LLC purchased a new stake in shares of Jackson Financial in the 2nd quarter worth approximately $59,000. Finally, Western Wealth Management LLC purchased a new stake in shares of Jackson Financial in the 1st quarter worth approximately $78,000. Hedge funds and other institutional investors own 89.96% of the company's stock.

Jackson Financial Trading Down 0.1%

NYSE:JXN opened at $134.76 on Monday. The company's 50 day moving average price is $133.06 and its 200-day moving average price is $118.06. Jackson Financial Inc. has a 52 week low of $89.67 and a 52 week high of $140.90. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.53. The stock has a market cap of $9.13 billion, a price-to-earnings ratio of 189.81 and a beta of 1.34.

Jackson Financial (NYSE:JXN - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported $7.30 earnings per share for the quarter, beating the consensus estimate of $5.72 by $1.58. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.91 billion. Jackson Financial had a net margin of 1.59% and a return on equity of 18.93%.

Insider Buying and Selling at Jackson Financial

In other news, CEO Christopher Raub sold 5,000 shares of the business's stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $130.69, for a total value of $653,450.00. Following the completion of the transaction, the chief executive officer owned 42,160 shares in the company, valued at $5,509,890.40. The trade was a 10.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Carrie Chelko sold 7,500 shares of the business's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $134.24, for a total value of $1,006,800.00. Following the completion of the transaction, the executive vice president owned 80,914 shares of the company's stock, valued at $10,861,895.36. This represents a 8.48% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.40% of the company's stock.

Analysts Set New Price Targets

JXN has been the subject of a number of recent research reports. Evercore set a $135.00 price objective on Jackson Financial in a research note on Wednesday, August 5th. Barclays set a $151.00 target price on Jackson Financial in a report on Thursday, October 8th. Jefferies Financial Group raised Jackson Financial from a "hold" rating to a "buy" rating and increased their target price for the stock from $120.00 to $140.00 in a research note on Friday, July 10th. Keefe, Bruyette & Woods restated a "market perform" rating and set a $140.00 price target on shares of Jackson Financial in a report on Friday, September 18th. Finally, Weiss Ratings raised Jackson Financial from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 4th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $134.20.

About Jackson Financial

Jackson Financial Inc is a U.S.-based financial services company focused on helping individuals and institutions pursue retirement security. Through its operating subsidiaries, the company develops and distributes annuity products designed to provide income, investment growth opportunities and protection against certain retirement-related risks.

Jackson's offerings include variable annuities, fixed annuities and fixed-indexed annuities, along with related retirement planning solutions.

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