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

Jackson Financial (NYSE:JXN)‘s stock had its “market perform” rating reiterated by research analysts at Keefe, Bruyette & Woods in a research note issued to investors on Friday, Benzinga reports. They presently have a $140.00 price target on the stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 7.65% from the company’s previous close.

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

Jackson Financial Stock Up 0.3%

NYSE:JXN traded up $0.33 during mid-day trading on Friday, hitting $130.06. The stock had a trading volume of 556,916 shares, compared to its average volume of 640,762. The stock has a 50-day simple moving average of $131.14 and a two-hundred day simple moving average of $116.27. The company has a market capitalization of $8.81 billion, a PE ratio of 183.18 and a beta of 1.30. Jackson Financial has a twelve month low of $89.67 and a twelve month high of $140.90. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.53.

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

Insider Buying and Selling

In other news, EVP Carrie Chelko sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $134.24, for a total transaction of $1,006,800.00. Following the transaction, the executive vice president directly owned 80,914 shares in the company, valued at approximately $10,861,895.36. This trade represents a 8.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Christopher Raub sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $130.69, for a total transaction of $653,450.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Jackson Financial

Hedge funds have recently modified their holdings of the business. Rothschild Investment LLC grew its position in shares of Jackson Financial by 79.9% during the fourth quarter. Rothschild Investment LLC now owns 322 shares of the company’s stock worth $34,000 after acquiring an additional 143 shares during the last quarter. Signature Equity Partners LLC purchased a new position in shares of Jackson Financial during the first quarter worth approximately $38,000. Root Financial Partners LLC grew its position in shares of Jackson Financial by 46.4% during the first quarter. Root Financial Partners LLC now owns 401 shares of the company’s stock worth $42,000 after acquiring an additional 127 shares during the last quarter. Allworth Financial LP increased its position in Jackson Financial by 68.7% in the 4th quarter. Allworth Financial LP now owns 425 shares of the company’s stock valued at $45,000 after acquiring an additional 173 shares during the period. Finally, Continuum Advisory LLC purchased a new stake in Jackson Financial during the 2nd quarter valued at approximately $59,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Jackson Financial Company Profile

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.