Jackson Financial (NYSE:JXN) Price Target Raised to $80.00

Jackson Financial (NYSE:JXN) had its target price increased by stock analysts at Jefferies Financial Group from $73.00 to $80.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Jefferies Financial Group’s price target points to a potential downside of 8.24% from the stock’s current price.

Other analysts also recently issued reports about the stock. Morgan Stanley lifted their price objective on shares of Jackson Financial from $82.00 to $84.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 10th. Keefe, Bruyette & Woods cut shares of Jackson Financial from an “outperform” rating to a “market perform” rating and raised their target price for the company from $75.00 to $80.00 in a research note on Tuesday, May 14th. Finally, Evercore ISI lowered their price objective on shares of Jackson Financial from $75.00 to $73.00 and set an “in-line” rating on the stock in a research note on Wednesday, June 26th. Five research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $72.80.

Jackson Financial Stock Performance

Shares of Jackson Financial stock traded down $0.66 during trading hours on Monday, reaching $87.18. The company’s stock had a trading volume of 622,864 shares, compared to its average volume of 750,119. The company’s 50 day simple moving average is $76.32 and its 200 day simple moving average is $66.01. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.32 and a current ratio of 0.32. Jackson Financial has a one year low of $31.40 and a one year high of $88.70. The stock has a market cap of $6.65 billion, a P/E ratio of 2.30 and a beta of 1.51.

Jackson Financial (NYSE:JXN) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $4.23 earnings per share for the quarter, beating the consensus estimate of $3.67 by $0.56. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.67 billion. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.15 earnings per share. As a group, analysts expect that Jackson Financial will post 17.33 EPS for the current fiscal year.

Insider Transactions at Jackson Financial

In related news, COO Devkumar Dilip Ganguly sold 13,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $75.67, for a total transaction of $983,710.00. Following the completion of the sale, the chief operating officer now directly owns 93,405 shares in the company, valued at $7,067,956.35. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Jackson Financial news, COO Devkumar Dilip Ganguly sold 13,000 shares of Jackson Financial stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $75.67, for a total value of $983,710.00. Following the completion of the sale, the chief operating officer now directly owns 93,405 shares in the company, valued at $7,067,956.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Don W. Cummings bought 1,445 shares of Jackson Financial stock in a transaction on Wednesday, June 5th. The stock was acquired at an average price of $72.70 per share, with a total value of $105,051.50. Following the completion of the purchase, the chief financial officer now directly owns 45,711 shares of the company’s stock, valued at $3,323,189.70. The disclosure for this purchase can be found here. 1.30% of the stock is currently owned by insiders.

Institutional Trading of Jackson Financial

Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC bought a new position in Jackson Financial during the fourth quarter worth $109,000. Private Trust Co. NA increased its position in Jackson Financial by 10.2% during the fourth quarter. Private Trust Co. NA now owns 3,156 shares of the company’s stock worth $162,000 after acquiring an additional 292 shares during the period. International Assets Investment Management LLC bought a new position in Jackson Financial during the fourth quarter worth $25,459,000. Advisors Preferred LLC bought a new stake in Jackson Financial in the 4th quarter valued at $1,680,000. Finally, DekaBank Deutsche Girozentrale increased its holdings in Jackson Financial by 148.6% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 97,616 shares of the company’s stock valued at $4,982,000 after buying an additional 58,350 shares during the period. 89.96% of the stock is currently owned by institutional investors and hedge funds.

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.