Keefe, Bruyette & Woods Reiterates “Market Perform” Rating for Jackson Financial (NYSE:JXN)

Jackson Financial (NYSE:JXN)‘s stock had its “market perform” rating reissued by stock analysts at Keefe, Bruyette & Woods in a note issued to investors on Friday, Benzinga reports. They currently have a $140.00 price target on the stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 7.58% from the company’s current price.

JXN has been the topic of several other reports. Evercore set a $135.00 price objective on shares of Jackson Financial in a research report on Wednesday, August 5th. Wall Street Zen upgraded shares of Jackson Financial from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings raised Jackson Financial from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 4th. Barclays boosted their price objective on Jackson Financial from $139.00 to $149.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Finally, Jefferies Financial Group upgraded Jackson Financial from a “hold” rating to a “buy” rating and raised their target price for the company from $120.00 to $140.00 in a research report on Friday, July 10th. One 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 MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $133.80.

Jackson Financial Stock Performance

JXN traded up $0.75 during trading on Friday, reaching $130.13. 669,716 shares of the company were exchanged, compared to its average volume of 622,328. Jackson Financial has a 52 week low of $89.67 and a 52 week 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. The firm has a 50 day moving average of $130.23 and a 200 day moving average of $115.59. The stock has a market cap of $8.81 billion, a P/E ratio of 183.25 and a beta of 1.30.

Jackson Financial (NYSE:JXN) last posted its earnings results on Monday, August 3rd. The company reported $7.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.72 by $1.58. Jackson Financial had a return on equity of 18.93% and a net margin of 1.59%.The company had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.91 billion.

Insider Transactions at Jackson Financial

In related news, EVP Carrie Chelko sold 7,500 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $10,861,895.36. The trade was a 8.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher Raub sold 5,000 shares of the business’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 value of $653,450.00. Following the sale, the chief executive officer directly owned 42,160 shares in the company, valued at approximately $5,509,890.40. The trade was 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 insiders.

Hedge Funds Weigh In On Jackson Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JXN. Tidal Investments LLC grew its holdings in Jackson Financial by 62.9% during the second quarter. Tidal Investments LLC now owns 8,989 shares of the company’s stock worth $920,000 after acquiring an additional 3,472 shares during the period. WINTON GROUP Ltd lifted its holdings in Jackson Financial by 48.2% in the 2nd quarter. WINTON GROUP Ltd now owns 18,062 shares of the company’s stock valued at $1,849,000 after acquiring an additional 5,874 shares during the last quarter. RFG Advisory LLC boosted its position in shares of Jackson Financial by 7.7% during the 2nd quarter. RFG Advisory LLC now owns 14,984 shares of the company’s stock valued at $1,534,000 after purchasing an additional 1,077 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Jackson Financial by 7.4% during the 2nd quarter. NewEdge Advisors LLC now owns 6,753 shares of the company’s stock valued at $691,000 after purchasing an additional 464 shares in the last quarter. Finally, Squarepoint Ops LLC grew its stake in shares of Jackson Financial by 96.6% in the 2nd quarter. Squarepoint Ops LLC now owns 166,794 shares of the company’s stock worth $17,078,000 after purchasing an additional 81,970 shares during the last quarter. 89.96% of the stock is owned by 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.