Jackson Financial (NYSE:JXN) Earns Market Perform Rating from Keefe, Bruyette & Woods

Jackson Financial (NYSE:JXN)‘s stock had its “market perform” rating reaffirmed by analysts at Keefe, Bruyette & Woods in a report issued on Friday, September 18th, Benzinga reports. They presently have a $140.00 price target on the stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 5.34% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. Jefferies Financial Group raised Jackson Financial from a “hold” rating to a “buy” rating and increased their target price for the stock from $120.00 to $140.00 in a research note on Friday, July 10th. Weiss Ratings upgraded Jackson Financial from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 4th. Wall Street Zen upgraded Jackson Financial from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Evercore set a $135.00 price target on Jackson Financial in a report on Wednesday, August 5th. Finally, Barclays upped their price target on Jackson Financial from $139.00 to $149.00 and gave the stock an “overweight” rating in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Jackson Financial has an average rating of “Moderate Buy” and an average target price of $133.80.

Jackson Financial Stock Performance

Shares of JXN stock traded up $2.76 during trading hours on Friday, reaching $132.91. 590,968 shares of the company’s stock were exchanged, compared to its average volume of 640,492. The company has a market cap of $9.00 billion, a P/E ratio of 187.20 and a beta of 1.30. The company’s 50 day moving average is $131.28 and its two-hundred day moving average is $116.38. Jackson Financial has a 1 year low of $89.67 and a 1 year high of $140.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.26 and a quick ratio of 0.26.

Jackson Financial (NYSE:JXN) last issued its earnings results on Monday, August 3rd. The company reported $7.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.72 by $1.58. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.91 billion. Jackson Financial had a return on equity of 18.93% and a net margin of 1.59%.

Insiders Place Their Bets

In other Jackson Financial news, EVP Carrie Chelko sold 7,500 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $134.24, for a total transaction of $1,006,800.00. Following the sale, the executive vice president owned 80,914 shares in the company, valued at approximately $10,861,895.36. This represents a 8.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christopher Raub sold 5,000 shares of the stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $130.69, for a total value of $653,450.00. Following the sale, the chief executive officer owned 42,160 shares in the company, valued at approximately $5,509,890.40. This trade represents a 10.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Jackson Financial

A number of large investors have recently bought and sold shares of JXN. Allworth Financial LP grew its holdings in shares of Jackson Financial by 22.7% during the 2nd quarter. Allworth Financial LP now owns 573 shares of the company’s stock valued at $59,000 after acquiring an additional 106 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Jackson Financial by 1.7% during the 4th quarter. CIBC Asset Management Inc now owns 6,946 shares of the company’s stock valued at $741,000 after acquiring an additional 113 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in Jackson Financial by 5.5% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,405 shares of the company’s stock worth $254,000 after purchasing an additional 126 shares in the last quarter. Root Financial Partners LLC boosted its holdings in 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 in the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in Jackson Financial by 7.4% in the first quarter. Geneos Wealth Management Inc. now owns 1,906 shares of the company’s stock worth $201,000 after purchasing an additional 132 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

About Jackson Financial

Jackson Financial Inc (NYSE:JXN) is a U.S.-based financial services company focused on providing retirement income solutions. Through its insurance subsidiaries, the company primarily develops and distributes annuity products designed to help individuals accumulate retirement savings and generate income during retirement.

Jackson’s product portfolio includes variable annuities, fixed annuities and registered index-linked annuities. Its offerings are distributed through financial professionals and other intermediary channels, serving individuals and institutions seeking tax-deferred retirement accumulation, income planning and related financial solutions.

Headquartered in Lansing, Michigan, Jackson primarily serves customers in the United States through Jackson National Life Insurance Company and related entities, including Jackson National Life Insurance Company of New York.