Jackson Financial (NYSE:JXN) PT Raised to $75.00

Jackson Financial (NYSE:JXN) had its target price boosted by Keefe, Bruyette & Woods from $68.00 to $75.00 in a report issued on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 14.73% from the stock’s previous close.

JXN has been the subject of a number of other reports. The Goldman Sachs Group increased their target price on shares of Jackson Financial from $39.00 to $47.00 and gave the stock a “neutral” rating in a report on Tuesday, January 9th. Morgan Stanley increased their price objective on Jackson Financial from $49.00 to $52.00 and gave the stock an “equal weight” rating in a report on Friday, March 1st. Finally, Jefferies Financial Group reissued a “hold” rating and set a $55.00 target price on shares of Jackson Financial in a research note on Tuesday, January 2nd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $58.20.

Jackson Financial Trading Down 0.3 %

Shares of JXN stock opened at $65.37 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.33 and a quick ratio of 0.33. The business has a 50-day moving average of $58.53 and a 200 day moving average of $49.90. The stock has a market capitalization of $5.06 billion, a PE ratio of 6.66 and a beta of 1.57. Jackson Financial has a 1-year low of $26.70 and a 1-year high of $68.97.

Jackson Financial (NYSE:JXN) last released its quarterly earnings data on Wednesday, February 21st. The company reported $2.53 earnings per share for the quarter, missing analysts’ consensus estimates of $3.53 by ($1.00). The firm had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the business posted $5.66 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Jackson Financial will post 15.59 earnings per share for the current year.

Insider Transactions at Jackson Financial

In other news, Director Derek G. Kirkland purchased 3,500 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were bought at an average cost of $55.67 per share, for a total transaction of $194,845.00. Following the completion of the transaction, the director now directly owns 37,726 shares of the company’s stock, valued at approximately $2,100,206.42. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Jackson Financial

Institutional investors have recently added to or reduced their stakes in the company. NBC Securities Inc. purchased a new stake in shares of Jackson Financial in the 3rd quarter worth about $28,000. GAMMA Investing LLC lifted its position in Jackson Financial by 47.0% during the 1st quarter. GAMMA Investing LLC now owns 482 shares of the company’s stock valued at $32,000 after acquiring an additional 154 shares during the period. Daiwa Securities Group Inc. bought a new stake in Jackson Financial during the fourth quarter worth about $36,000. Headlands Technologies LLC purchased a new stake in Jackson Financial in the fourth quarter worth about $38,000. Finally, Federated Hermes Inc. grew its holdings in Jackson Financial by 199.8% in the third quarter. Federated Hermes Inc. now owns 1,382 shares of the company’s stock worth $38,000 after purchasing an additional 921 shares during the period. Institutional investors own 89.96% of the company’s stock.

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.