Keefe, Bruyette & Woods Issues Positive Forecast for Jackson Financial (NYSE:JXN) Stock Price

Jackson Financial (NYSE:JXN) had its price objective boosted by investment analysts at Keefe, Bruyette & Woods from $125.00 to $130.00 in a report released on Monday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 11.23% from the company’s current price.

Several other analysts have also recently commented on JXN. Barclays raised their target price on Jackson Financial from $136.00 to $139.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. Jefferies Financial Group upgraded shares of Jackson Financial from a “hold” rating to a “buy” rating and lifted their target price for the company from $120.00 to $140.00 in a research note on Friday. Wall Street Zen lowered shares of Jackson Financial from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Finally, Weiss Ratings cut shares of Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Jackson Financial has an average rating of “Moderate Buy” and a consensus target price of $126.40.

Jackson Financial Trading Up 0.1%

Shares of NYSE:JXN opened at $116.87 on Monday. The stock has a market capitalization of $8.15 billion, a price-to-earnings ratio of -19.13 and a beta of 1.32. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.27 and a current ratio of 0.27. The company has a 50 day moving average price of $108.03 and a 200 day moving average price of $109.75. Jackson Financial has a 1-year low of $82.65 and a 1-year high of $123.61.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wedge Capital Management L L P NC grew its stake in shares of Jackson Financial by 6.4% during the second quarter. Wedge Capital Management L L P NC now owns 310,357 shares of the company’s stock valued at $31,777,000 after purchasing an additional 18,666 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in Jackson Financial by 13.7% during the 2nd quarter. Handelsbanken Fonder AB now owns 20,700 shares of the company’s stock worth $2,119,000 after purchasing an additional 2,500 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Jackson Financial by 5.5% in the second quarter. GAMMA Investing LLC now owns 3,492 shares of the company’s stock worth $358,000 after purchasing an additional 181 shares in the last quarter. CoreCap Advisors LLC acquired a new position in Jackson Financial during the second quarter worth $101,000. Finally, Pacer Advisors Inc. increased its stake in Jackson Financial by 58.6% in the 1st quarter. Pacer Advisors Inc. now owns 853 shares of the company’s stock valued at $90,000 after buying an additional 315 shares during the last quarter. 89.96% of the stock is owned by institutional investors.

Jackson Financial Company Profile

Jackson Financial Inc is a U.S.-based financial services holding company headquartered in Lansing, Michigan. The company operates primarily through its principal subsidiary, Jackson National Life Insurance Company, and specializes in designing and distributing retirement products. Jackson Financial has been publicly traded on the New York Stock Exchange under the ticker JXN since its initial public offering in May 2022.

The company’s core offerings include a broad range of fixed, variable and indexed annuity products aimed at helping individuals preserve and grow retirement assets.