Naples Global Advisors LLC Sells 2,049 Shares of Jackson Financial Inc. (NYSE:JXN)

Naples Global Advisors LLC cut its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 4.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,638 shares of the company’s stock after selling 2,049 shares during the period. Naples Global Advisors LLC’s holdings in Jackson Financial were worth $3,452,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Van ECK Associates Corp acquired a new stake in Jackson Financial in the fourth quarter valued at about $5,192,000. Four Tree Island Advisory LLC bought a new position in shares of Jackson Financial in the fourth quarter worth about $19,298,000. Savant Capital LLC lifted its holdings in shares of Jackson Financial by 7.5% in the fourth quarter. Savant Capital LLC now owns 3,624 shares of the company’s stock worth $316,000 after acquiring an additional 252 shares during the last quarter. Kestra Private Wealth Services LLC boosted its stake in shares of Jackson Financial by 23.2% in the 4th quarter. Kestra Private Wealth Services LLC now owns 8,084 shares of the company’s stock valued at $704,000 after purchasing an additional 1,524 shares in the last quarter. Finally, Entropy Technologies LP grew its holdings in shares of Jackson Financial by 38.9% during the 4th quarter. Entropy Technologies LP now owns 5,556 shares of the company’s stock valued at $484,000 after purchasing an additional 1,556 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Jackson Financial Stock Down 0.4 %

NYSE:JXN opened at $91.77 on Thursday. 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 firm’s 50 day simple moving average is $91.28 and its 200 day simple moving average is $92.25.

Analyst Ratings Changes

Several brokerages recently commented on JXN. Evercore ISI downgraded shares of Jackson Financial from an “in-line” rating to an “underperform” rating and increased their price objective for the company from $74.00 to $95.00 in a research note on Thursday, November 14th. Barclays dropped their price target on Jackson Financial from $117.00 to $116.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $92.40.

Insider Activity

In related news, Director Gregory T. Durant purchased 1,500 shares of Jackson Financial stock in a transaction 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 transaction, the director now owns 32,023 shares of the company’s stock, valued at approximately $2,891,036.44. This represents a 4.91 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.

About Jackson Financial

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.