Jackson Financial (NYSE:JXN) Given New $125.00 Price Target at Keefe, Bruyette & Woods

Jackson Financial (NYSE:JXN) had its price target raised by research analysts at Keefe, Bruyette & Woods from $120.00 to $125.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 14.39% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Wall Street Zen cut Jackson Financial from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Barclays lowered their price objective on Jackson Financial from $138.00 to $136.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. One equities research 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $115.80.

Jackson Financial Stock Up 0.2%

Shares of JXN stock traded up $0.20 on Wednesday, hitting $109.28. The stock had a trading volume of 33,589 shares, compared to its average volume of 602,685. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.27 and a quick ratio of 0.27. The business has a 50 day moving average of $107.97 and a 200 day moving average of $107.04. Jackson Financial has a 12-month low of $78.76 and a 12-month high of $123.61. The stock has a market cap of $7.69 billion, a price-to-earnings ratio of -17.91 and a beta of 1.39.

Jackson Financial (NYSE:JXN) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $6.61 EPS for the quarter, topping analysts’ consensus estimates of $5.90 by $0.71. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.92 billion. The business’s revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $4.65 earnings per share.

Hedge Funds Weigh In On Jackson Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JXN. Victory Capital Management Inc. raised its holdings in Jackson Financial by 12.2% during the 3rd quarter. Victory Capital Management Inc. now owns 601,151 shares of the company’s stock valued at $60,855,000 after buying an additional 65,202 shares during the last quarter. Jackson Creek Investment Advisors LLC bought a new position in shares of Jackson Financial during the third quarter valued at approximately $2,009,000. Kingsview Wealth Management LLC purchased a new stake in Jackson Financial in the third quarter worth $3,373,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in Jackson Financial in the third quarter worth $1,255,000. Finally, Federated Hermes Inc. increased its position in Jackson Financial by 6.4% during the 3rd quarter. Federated Hermes Inc. now owns 854,435 shares of the company’s stock valued at $86,494,000 after purchasing an additional 51,494 shares during the period. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

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.