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

Jackson Financial (NYSE:JXN)‘s stock had its “market perform” rating restated by stock analysts at Keefe, Bruyette & Woods in a report issued on Thursday,Benzinga reports. They presently have a $123.00 price target on the stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 16.45% from the stock’s current price.

Several other research firms have also recently weighed in on JXN. Evercore set a $118.00 price objective on shares of Jackson Financial and gave the company an “in-line” rating in a report on Tuesday, January 6th. Wall Street Zen upgraded shares of Jackson Financial from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jackson Financial in a research report on Monday, December 29th. Morgan Stanley set a $105.00 price target on Jackson Financial in a report on Monday, December 15th. Finally, Barclays restated an “overweight” rating and issued a $137.00 price target on shares of Jackson Financial in a research note on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $115.60.

Jackson Financial Stock Down 2.0%

Shares of JXN stock traded down $2.13 during mid-day trading on Thursday, hitting $105.63. The company’s stock had a trading volume of 143,524 shares, compared to its average volume of 614,928. The stock has a market cap of $7.47 billion, a price-to-earnings ratio of -301.82 and a beta of 1.46. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.27 and a current ratio of 0.27. Jackson Financial has a 52-week low of $64.70 and a 52-week high of $123.61. The business has a 50-day moving average price of $112.22 and a 200 day moving average price of $104.88.

Jackson Financial (NYSE:JXN) last released its quarterly earnings data on Wednesday, February 18th. The company reported $6.61 EPS for the quarter, topping the consensus estimate of $5.90 by $0.71. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.92 billion. Jackson Financial’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.65 earnings per share. Research analysts predict that Jackson Financial will post 20.55 EPS for the current fiscal year.

Hedge Funds Weigh In On Jackson Financial

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jackson Creek Investment Advisors LLC bought a new position in shares of Jackson Financial during the 3rd quarter valued at about $2,009,000. Victory Capital Management Inc. increased its holdings in shares of Jackson Financial by 12.2% in the third quarter. Victory Capital Management Inc. now owns 601,151 shares of the company’s stock worth $60,855,000 after purchasing an additional 65,202 shares during the last quarter. Kingsview Wealth Management LLC bought a new stake in shares of Jackson Financial in the third quarter worth about $3,373,000. Donald Smith & CO. Inc. lifted its position in shares of Jackson Financial by 2.0% in the second quarter. Donald Smith & CO. Inc. now owns 1,699,087 shares of the company’s stock worth $150,862,000 after buying an additional 33,040 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Jackson Financial by 27.5% in the second quarter. JPMorgan Chase & Co. now owns 662,569 shares of the company’s stock worth $58,830,000 after buying an additional 143,091 shares in the last quarter. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Jackson Financial Company Profile

Jackson Financial Inc is a U.S.-based financial services holding company headquartered in Lansing, Michigan. The company operates primarily through its principal subsidiary, Jackson National Life Insurance Company, and specializes in designing and distributing retirement products. Jackson Financial has been publicly traded on the New York Stock Exchange under the ticker JXN since its initial public offering in May 2022.

The company’s core offerings include a broad range of fixed, variable and indexed annuity products aimed at helping individuals preserve and grow retirement assets.