Jackson Financial (NYSE:JXN) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Jackson Financial (NYSE:JXN) had its price target raised by investment analysts at Keefe, Bruyette & Woods from $103.00 to $105.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 15.95% from the stock’s previous close.

A number of other brokerages also recently weighed in on JXN. Evercore ISI downgraded shares of Jackson Financial from an “in-line” rating to an “underperform” rating and increased their price target for the company from $74.00 to $95.00 in a research report on Thursday, November 14th. Barclays raised their target price on shares of Jackson Financial from $116.00 to $118.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $97.40.

Jackson Financial Stock Up 2.1 %

JXN traded up $1.85 during midday trading on Friday, hitting $90.56. 190,654 shares of the company’s stock traded hands, compared to its average volume of 605,174. Jackson Financial has a one year low of $54.47 and a one year high of $115.22. The company has a market cap of $6.69 billion, a PE ratio of 7.90 and a beta of 1.47. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30. The stock’s fifty day simple moving average is $90.74 and its 200-day simple moving average is $92.88.

Jackson Financial (NYSE:JXN) last issued its earnings results on Wednesday, February 19th. The company reported $4.65 EPS for the quarter, missing the consensus estimate of $4.72 by ($0.07). The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. As a group, equities analysts anticipate that Jackson Financial will post 20.55 earnings per share for the current fiscal year.

Insider Buying and Selling at Jackson Financial

In related news, Director Gregory T. Durant acquired 1,500 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were acquired at an average cost of $90.28 per share, for a total transaction of $135,420.00. Following the completion of the transaction, the director now directly owns 32,023 shares in the company, valued at approximately $2,891,036.44. This trade represents a 4.91 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is owned by company insiders.

Institutional Trading of Jackson Financial

A number of institutional investors have recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Jackson Financial during the 4th quarter valued at about $12,852,000. Ameriflex Group Inc. acquired a new position in Jackson Financial during the fourth quarter worth $250,000. Mackenzie Financial Corp increased its position in shares of Jackson Financial by 80.0% during the fourth quarter. Mackenzie Financial Corp now owns 30,732 shares of the company’s stock worth $2,676,000 after acquiring an additional 13,656 shares during the period. Forum Financial Management LP increased its position in shares of Jackson Financial by 27.9% during the fourth quarter. Forum Financial Management LP now owns 3,447 shares of the company’s stock worth $300,000 after acquiring an additional 752 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in Jackson Financial in the fourth quarter valued at $3,604,000. Institutional investors and hedge funds 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.