Barclays Cuts Jackson Financial (NYSE:JXN) Price Target to $116.00

Jackson Financial (NYSE:JXNGet Free Report) had its target price reduced by investment analysts at Barclays from $117.00 to $116.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price suggests a potential upside of 29.32% from the company’s current price.

Separately, Evercore ISI downgraded 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 report on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Jackson Financial presently has a consensus rating of “Hold” and a consensus target price of $84.83.

Check Out Our Latest Report on JXN

Jackson Financial Stock Performance

Shares of JXN opened at $89.70 on Monday. The company has a market cap of $6.63 billion, a PE ratio of -7.10 and a beta of 1.46. The firm has a 50-day moving average of $96.84 and a 200-day moving average of $89.69. Jackson Financial has a one year low of $47.49 and a one year high of $115.22. 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 (NYSE:JXNGet Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $4.60 EPS for the quarter, missing analysts’ consensus estimates of $4.67 by ($0.07). The company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same period in the prior year, the firm earned $3.80 EPS. As a group, equities analysts forecast that Jackson Financial will post 18.8 earnings per share for the current year.

Insider Buying and Selling at Jackson Financial

In other Jackson Financial news, Director Gregory T. Durant purchased 1,500 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average cost of $90.28 per share, with a total value of $135,420.00. Following the completion of the transaction, the director now owns 32,023 shares in the company, valued at $2,891,036.44. The trade was a 4.91 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake 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 grew its holdings in shares of Jackson Financial by 1.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 11,316 shares of the company’s stock worth $1,032,000 after purchasing an additional 159 shares in the last quarter. Private Advisor Group LLC increased its position in shares of Jackson Financial by 1.2% in the second quarter. Private Advisor Group LLC now owns 14,962 shares of the company’s stock worth $1,111,000 after purchasing an additional 178 shares during the period. Blue Trust Inc. raised its stake in Jackson Financial by 232.1% in the third quarter. Blue Trust Inc. now owns 372 shares of the company’s stock valued at $34,000 after purchasing an additional 260 shares in the last quarter. Finally, Plato Investment Management Ltd lifted its position in Jackson Financial by 10.9% during the third quarter. Plato Investment Management Ltd now owns 2,845 shares of the company’s stock worth $259,000 after purchasing an additional 279 shares during the period. Institutional investors and hedge funds own 89.96% of the company’s stock.

Jackson Financial Company Profile

(Get Free Report)

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.

Read More

Analyst Recommendations for Jackson Financial (NYSE:JXN)

Receive News & Ratings for Jackson Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jackson Financial and related companies with MarketBeat.com's FREE daily email newsletter.