Jackson Financial (NYSE:JXN) Stock Price Expected to Rise, Barclays Analyst Says

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

Several other brokerages have also commented on JXN. Jefferies Financial Group raised shares of Jackson Financial from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $120.00 to $140.00 in a research report on Friday, July 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Jackson Financial in a report on Monday. Evercore set a $135.00 target price on Jackson Financial in a research note on Wednesday, August 5th. Wall Street Zen raised Jackson Financial from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $140.00 price objective on shares of Jackson Financial in a report on Friday, September 18th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $134.80.

View Our Latest Research Report on JXN

Jackson Financial Stock Performance

JXN stock traded down $2.69 during midday trading on Wednesday, hitting $137.96. The company’s stock had a trading volume of 569,406 shares, 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 quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.53. The stock’s 50-day moving average price is $133.39 and its 200 day moving average price is $118.32. Jackson Financial has a 1 year low of $89.67 and a 1 year high of $150.00.

Jackson Financial (NYSE:JXN – Get Free Report) last released its earnings results on Tuesday, November 3rd. The company reported $7.55 EPS for the quarter, topping analysts’ consensus estimates of $7.24 by $0.31. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations 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

In other news, CEO Christopher Raub sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $130.69, for a total transaction of $653,450.00. Following the completion of the transaction, the chief executive officer directly owned 42,160 shares in the company, valued at $5,509,890.40. The trade was a 10.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Jackson Financial

Institutional investors have recently added to or reduced their stakes in the business. Signature Equity Partners LLC purchased a new stake in shares of Jackson Financial in the 1st quarter valued at about $38,000. Root Financial Partners LLC increased its position 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 worth $42,000 after purchasing an additional 127 shares during the last quarter. Continuum Advisory LLC bought a new position in shares of Jackson Financial in the second quarter worth approximately $59,000. Allworth Financial LP increased its position in shares of Jackson Financial by 22.7% in the second quarter. Allworth Financial LP now owns 573 shares of the company’s stock worth $59,000 after purchasing an additional 106 shares during the last quarter. Finally, Western Wealth Management LLC purchased a new stake in Jackson Financial in the first quarter valued at approximately $78,000. 89.96% of the stock is currently owned by institutional investors.

Jackson Financial News Roundup

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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