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

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

Jackson Financial Price Performance

Shares of JXN stock 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. Jackson Financial has a 12-month low of $48.00 and a 12-month high of $115.22. The company has a market cap of $7.23 billion, a P/E ratio of -7.75 and a beta of 1.47. The business has a 50-day simple moving average of $91.04 and a 200 day simple moving average of $92.46. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.42.

Insiders Place Their Bets

In other Jackson Financial news, Director Gregory T. Durant acquired 1,500 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was purchased at an average price of $90.28 per share, for a total transaction of $135,420.00. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. First Trust Advisors LP boosted its stake in shares of Jackson Financial by 13.4% during the fourth quarter. First Trust Advisors LP now owns 4,134,545 shares of the company’s stock valued at $360,036,000 after acquiring an additional 487,803 shares during the last quarter. State Street Corp boosted its stake in shares of Jackson Financial by 4.9% during the third quarter. State Street Corp now owns 3,266,981 shares of the company’s stock valued at $298,047,000 after acquiring an additional 153,326 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Jackson Financial by 0.6% during the fourth 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 acquired a new stake in shares of Jackson Financial during the fourth quarter valued at $98,767,000. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of Jackson Financial by 0.5% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,082,974 shares of the company’s stock valued at $94,305,000 after acquiring an additional 4,987 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on JXN. Evercore ISI cut Jackson Financial from an “in-line” rating to an “underperform” rating and increased their price objective for the stock from $74.00 to $95.00 in a research report 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 report on Monday, January 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.