Four Tree Island Advisory LLC Purchases 7,394 Shares of Jackson Financial Inc. $JXN

Four Tree Island Advisory LLC lifted its position in Jackson Financial Inc. (NYSE:JXN) by 3.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 223,947 shares of the company’s stock after purchasing an additional 7,394 shares during the quarter. Jackson Financial comprises about 13.6% of Four Tree Island Advisory LLC’s holdings, making the stock its 3rd biggest holding. Four Tree Island Advisory LLC owned approximately 0.32% of Jackson Financial worth $21,295,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Integrated Wealth Concepts LLC boosted its holdings in Jackson Financial by 33.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 5,471 shares of the company’s stock valued at $458,000 after purchasing an additional 1,363 shares during the last quarter. Woodline Partners LP acquired a new position in Jackson Financial in the first quarter valued at approximately $4,081,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Jackson Financial by 3.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 210,836 shares of the company’s stock worth $17,664,000 after acquiring an additional 7,380 shares during the period. CWM LLC increased its stake in Jackson Financial by 39.8% during the second quarter. CWM LLC now owns 2,762 shares of the company’s stock worth $245,000 after acquiring an additional 787 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in Jackson Financial during the second quarter worth $209,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Jackson Financial Stock Up 1.4%

Shares of JXN opened at $113.69 on Friday. The company’s 50-day simple moving average is $111.76 and its 200-day simple moving average is $101.87. 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 Inc. has a 1 year low of $64.70 and a 1 year high of $123.61. The stock has a market capitalization of $7.73 billion, a PE ratio of 15.72 and a beta of 1.45.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on JXN. Weiss Ratings reiterated a “hold (c+)” rating on shares of Jackson Financial in a report on Monday, December 29th. Morgan Stanley set a $105.00 target price on shares of Jackson Financial in a research note on Monday, December 15th. Evercore set a $118.00 price target on shares of Jackson Financial and gave the company an “in-line” rating in a research note on Tuesday, January 6th. Finally, Barclays restated an “overweight” rating and issued a $137.00 price objective on shares of Jackson Financial in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Jackson Financial currently has a consensus rating of “Hold” and an average price target of $113.00.

About Jackson Financial

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.