Jackson Financial (NYSE:JXN) Given New $118.00 Price Target at Barclays

Jackson Financial (NYSE:JXN) had its price objective hoisted by equities research analysts at Barclays from $116.00 to $118.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target would suggest a potential upside of 44.56% from the stock’s previous close.

Separately, Evercore ISI lowered shares of Jackson Financial from an “in-line” rating to an “underperform” rating and raised their price target for the company from $74.00 to $95.00 in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Jackson Financial has a consensus rating of “Hold” and a consensus target price of $92.80.

Jackson Financial Trading Down 4.4 %

NYSE:JXN opened at $81.63 on Thursday. The firm has a market capitalization of $6.03 billion, a P/E ratio of -6.46 and a beta of 1.47. The business has a 50 day simple moving average of $90.93 and a 200 day simple moving average of $92.65. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.30 and a quick ratio of 0.30. Jackson Financial has a 12-month low of $48.00 and a 12-month high of $115.22.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $4.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.72 by ($0.07). The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. Equities research analysts predict that Jackson Financial will post 18.85 EPS for the current year.

Insiders Place Their Bets

In related news, Director Gregory T. Durant acquired 1,500 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was acquired at an average cost of $90.28 per share, for a total transaction of $135,420.00. Following the completion of the acquisition, the director now directly owns 32,023 shares of the company’s stock, valued at approximately $2,891,036.44. The trade was a 4.91 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.30% of the stock is 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 the company. GAMMA Investing LLC lifted its holdings in shares of Jackson Financial by 7.1% in the fourth quarter. GAMMA Investing LLC now owns 1,778 shares of the company’s stock valued at $155,000 after buying an additional 118 shares during the period. Mutual of America Capital Management LLC raised its position in Jackson Financial by 1.4% in the third quarter. Mutual of America Capital Management LLC now owns 11,316 shares of the company’s stock worth $1,032,000 after acquiring an additional 159 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in Jackson Financial by 0.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 50,707 shares of the company’s stock valued at $4,416,000 after acquiring an additional 168 shares during the last quarter. Caprock Group LLC boosted its position in shares of Jackson Financial by 4.3% during the 4th quarter. Caprock Group LLC now owns 4,218 shares of the company’s stock valued at $367,000 after purchasing an additional 173 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in shares of Jackson Financial by 7.2% in the 4th quarter. IFP Advisors Inc now owns 2,692 shares of the company’s stock worth $234,000 after purchasing an additional 180 shares during the last quarter. 89.96% of the stock is 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.