Jackson Financial (NYSE:JXN) Given New $91.00 Price Target at Morgan Stanley

Jackson Financial (NYSE:JXN) had its target price hoisted by investment analysts at Morgan Stanley from $68.00 to $91.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 7.06% from the stock’s current price.

Several other equities analysts have also recently weighed in on the stock. Barclays lifted their price objective on shares of Jackson Financial from $106.00 to $108.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Keefe, Bruyette & Woods raised their target price on Jackson Financial from $90.00 to $100.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $94.80.

Jackson Financial Trading Down 0.3%

JXN traded down $0.22 during trading on Monday, reaching $85.00. The company had a trading volume of 90,424 shares, compared to its average volume of 747,989. The firm’s 50-day simple moving average is $79.69 and its 200 day simple moving average is $88.67. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30. The company has a market cap of $6.17 billion, a price-to-earnings ratio of 7.42 and a beta of 1.50. Jackson Financial has a 12-month low of $64.70 and a 12-month high of $115.22.

Jackson Financial (NYSE:JXN) last announced its earnings results on Wednesday, May 7th. The company reported $5.10 EPS for the quarter, topping the consensus estimate of $4.93 by $0.17. The firm had revenue of $3.75 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the previous year, the business earned $4.23 earnings per share. The business’s quarterly revenue was down .6% compared to the same quarter last year. Equities research analysts anticipate that Jackson Financial will post 20.55 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Craig Donald Smith sold 20,607 shares of Jackson Financial stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $69.52, for a total transaction of $1,432,598.64. Following the completion of the sale, the chief executive officer now directly owns 116,423 shares in the company, valued at $8,093,726.96. The trade was a 15.04% 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 Scott Romine sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $84.43, for a total transaction of $591,010.00. Following the transaction, the chief executive officer now directly owns 85,276 shares in the company, valued at approximately $7,199,852.68. The trade was a 7.59% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Jackson Financial

A number of large investors have recently bought and sold shares of JXN. Woodline Partners LP bought a new position in Jackson Financial during the first quarter valued at about $4,081,000. United Services Automobile Association acquired a new stake in Jackson Financial in the 1st quarter worth approximately $376,000. Caxton Associates LLP acquired a new stake in Jackson Financial in the 1st quarter worth approximately $2,709,000. Dynamic Technology Lab Private Ltd boosted its position in Jackson Financial by 65.9% during the first quarter. Dynamic Technology Lab Private Ltd now owns 5,670 shares of the company’s stock worth $475,000 after purchasing an additional 2,252 shares during the period. Finally, Teza Capital Management LLC acquired a new position in Jackson Financial during the first quarter valued at approximately $220,000. 89.96% of the stock is currently owned by institutional investors.

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.