Keefe, Bruyette & Woods Boosts Jackson Financial (NYSE:JXN) Price Target to $105.00

Jackson Financial (NYSE:JXN) had its price target increased by stock analysts at Keefe, Bruyette & Woods from $103.00 to $105.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 14.55% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the company. Evercore ISI cut 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 note on Thursday, November 14th. Barclays upped their target price on Jackson Financial from $116.00 to $118.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $97.40.

Jackson Financial Price Performance

Shares of JXN opened at $91.66 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.46. The stock has a market cap of $6.77 billion, a PE ratio of 8.01 and a beta of 1.47. Jackson Financial has a 12-month low of $54.47 and a 12-month high of $115.22. The business has a 50-day simple moving average of $90.81 and a two-hundred day simple moving average of $92.94.

Jackson Financial (NYSE:JXN) last posted its earnings results on Wednesday, February 19th. The company reported $4.65 earnings per share for the quarter, missing analysts’ consensus estimates of $4.72 by ($0.07). The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.81 billion. 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 purchased 1,500 shares of Jackson Financial stock in a transaction on Wednesday, December 11th. The stock was acquired at an average cost of $90.28 per share, for a total transaction of $135,420.00. Following the completion of the acquisition, the director now owns 32,023 shares of the company’s stock, valued at $2,891,036.44. This trade represents a 4.91 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Jackson Financial

Institutional investors and hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC bought a new stake in Jackson Financial in the 4th quarter valued at about $26,000. Quarry LP bought a new stake in shares of Jackson Financial during the fourth quarter valued at approximately $28,000. Blue Trust Inc. increased its holdings in shares of Jackson Financial by 232.1% during the third quarter. Blue Trust Inc. now owns 372 shares of the company’s stock valued at $34,000 after acquiring an additional 260 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Jackson Financial during the fourth quarter worth approximately $44,000. Finally, Kapitalo Investimentos Ltda bought a new position in shares of Jackson Financial in the 4th quarter worth $79,000. 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.