Jackson Financial (NYSE:JXN) Given New $140.00 Price Target at Keefe, Bruyette & Woods

Jackson Financial (NYSE:JXN) had its price target lifted by stock analysts at Keefe, Bruyette & Woods from $130.00 to $140.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 4.14% from the company’s current price.

JXN has been the subject of several other research reports. Wall Street Zen lowered shares of Jackson Financial from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Barclays lifted their price target on Jackson Financial from $139.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday. Weiss Ratings lowered Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 12th. Jefferies Financial Group upgraded shares of Jackson Financial from a “hold” rating to a “buy” rating and raised their target price for the company from $120.00 to $140.00 in a research note on Friday, July 10th. Finally, Evercore set a $135.00 price target on shares of Jackson Financial in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Jackson Financial presently has an average rating of “Moderate Buy” and an average price target of $133.80.

Jackson Financial Stock Up 0.6%

Shares of JXN stock traded up $0.83 during mid-day trading on Wednesday, hitting $134.44. The stock had a trading volume of 222,365 shares, compared to its average volume of 617,054. Jackson Financial has a 12-month low of $88.20 and a 12-month high of $137.99. 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 firm’s 50-day moving average is $112.52 and its two-hundred day moving average is $111.23. The firm has a market capitalization of $9.38 billion, a P/E ratio of -21.99 and a beta of 1.30.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings results on Monday, August 3rd. The company reported $7.30 EPS for the quarter, beating the consensus estimate of $5.72 by $1.58. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.91 billion. Jackson Financial had a return on equity of 19.04% and a net margin of 1.59%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its stake in shares of Jackson Financial by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 4,060,350 shares of the company’s stock worth $429,240,000 after buying an additional 18,740 shares during the period. Hsbc Holdings PLC raised its stake in Jackson Financial by 16.5% in the 4th quarter. Hsbc Holdings PLC now owns 1,550,942 shares of the company’s stock worth $166,476,000 after acquiring an additional 220,095 shares during the last quarter. Norges Bank acquired a new stake in Jackson Financial during the 4th quarter worth about $129,878,000. Morgan Stanley lifted its position in Jackson Financial by 6.0% during the 4th quarter. Morgan Stanley now owns 1,196,405 shares of the company’s stock worth $127,597,000 after acquiring an additional 67,796 shares during the period. Finally, Federated Hermes Inc. grew its stake in Jackson Financial by 14.8% during the 4th quarter. Federated Hermes Inc. now owns 981,046 shares of the company’s stock valued at $104,629,000 after purchasing an additional 126,611 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Jackson Financial Company Profile

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.