Jackson Financial (NYSE:JXN) Stock Gets Price Target Bump from Barclays

Jackson Financial (NYSE:JXN – Get Free Report) had its price target upped by equities researchers at Barclays from $151.00 to $154.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective indicates a potential upside of 11.62% from the company’s previous close.

JXN has been the subject of a number of other research reports. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $140.00 target price on shares of Jackson Financial in a research note on Friday, September 18th. Jefferies Financial Group upgraded Jackson Financial from a “hold” rating to a “buy” rating and increased their price target for the stock from $120.00 to $140.00 in a report on Friday, July 10th. Wall Street Zen raised Jackson Financial from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Jackson Financial in a research note on Monday. Finally, Evercore set a $135.00 target price on Jackson Financial in a research report on Wednesday, August 5th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Jackson Financial presently has an average rating of “Hold” and an average price target of $134.80.

Get Our Latest Analysis on JXN

Jackson Financial Price Performance

Shares of Jackson Financial stock traded down $2.69 during midday trading on Wednesday, hitting $137.96. 569,406 shares of the company traded hands, compared to its average volume of 655,879. The stock has a market cap of $9.34 billion, a price-to-earnings ratio of 193.95 and a beta of 1.34. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.26 and a current ratio of 0.26. The firm’s fifty day moving average price is $133.39 and its 200-day moving average price is $118.32. Jackson Financial has a 12 month low of $89.67 and a 12 month high of $150.00.

Jackson Financial (NYSE:JXN – Get Free Report) last posted its earnings results on Tuesday, November 3rd. The company reported $7.55 EPS for the quarter, beating the consensus estimate of $7.24 by $0.31. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.07 billion. Jackson Financial had a return on equity of 18.93% and a net margin of 1.59%.

Insider Buying and Selling at Jackson Financial

In related news, CEO Christopher Raub sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $130.69, for a total value of $653,450.00. Following the transaction, the chief executive officer owned 42,160 shares of the company’s stock, valued at approximately $5,509,890.40. This trade represents a 10.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is owned by corporate insiders.

Institutional Trading of Jackson Financial

Several institutional investors and hedge funds have recently modified their holdings of the stock. Signature Equity Partners LLC bought a new position in Jackson Financial during the 1st quarter valued at $38,000. Root Financial Partners LLC raised its holdings in shares of Jackson Financial by 46.4% in the first quarter. Root Financial Partners LLC now owns 401 shares of the company’s stock valued at $42,000 after purchasing an additional 127 shares during the last quarter. Continuum Advisory LLC bought a new position in shares of Jackson Financial during the second quarter valued at about $59,000. Allworth Financial LP lifted its position in shares of Jackson Financial by 22.7% during the second quarter. Allworth Financial LP now owns 573 shares of the company’s stock valued at $59,000 after purchasing an additional 106 shares in the last quarter. Finally, Western Wealth Management LLC purchased a new position in Jackson Financial during the first quarter worth about $78,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Jackson Financial News Summary

Here are the key news stories impacting Jackson Financial this week:

About Jackson Financial

(Get Free Report)

Jackson Financial Inc is a U.S.-based financial services company focused on helping individuals and institutions pursue retirement security. Through its operating subsidiaries, the company develops and distributes annuity products designed to provide income, investment growth opportunities and protection against certain retirement-related risks.

Jackson’s offerings include variable annuities, fixed annuities and fixed-indexed annuities, along with related retirement planning solutions.

Further Reading

Analyst Recommendations for Jackson Financial (NYSE:JXN)

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