Jackson Financial (NYSE:JXN) Earns "Market Perform" Rating from Keefe, Bruyette & Woods

Key Points

• Keefe, Bruyette & Woods reiterated its “Market Perform” rating on Jackson Financial and maintained a $140 price target, implying 7.58% upside from the prior close.
• Analyst sentiment is broadly positive, with Jackson carrying a “Moderate Buy” consensus rating and an average price target of $133.80; Barclays and Jefferies recently upgraded the stock.
• Jackson reported quarterly EPS of $7.30, beating estimates of $5.72, while revenue of $2 billion also exceeded expectations. Shares rose 0.6% to $130.13, though two executives recently sold shares.

Jackson Financial (NYSE:JXN - Get Free Report)'s stock had its "market perform" rating reiterated by equities research analysts at Keefe, Bruyette & Woods in a research note issued on Friday, Benzinga reports. They currently have a $140.00 price target on the stock. Keefe, Bruyette & Woods' price objective indicates a potential upside of 7.58% from the company's previous close.

A number of other research firms have also recently weighed in on JXN. Wall Street Zen raised shares of Jackson Financial from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Barclays boosted their price target on Jackson Financial from $139.00 to $149.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 4th. Weiss Ratings upgraded Jackson Financial from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 4th. Evercore set a $135.00 price objective on Jackson Financial in a report on Wednesday, August 5th. Finally, Jefferies Financial Group raised Jackson Financial from a "hold" rating to a "buy" rating and upped their target price for the company from $120.00 to $140.00 in a research report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $133.80.

Jackson Financial Stock Up 0.6%

NYSE JXN traded up $0.75 on Friday, reaching $130.13. The company had a trading volume of 669,716 shares, compared to its average volume of 622,328. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.26 and a quick ratio of 0.26. Jackson Financial has a 1 year low of $89.67 and a 1 year high of $140.90. The firm has a 50-day moving average of $130.23 and a 200-day moving average of $115.59. The firm has a market capitalization of $8.81 billion, a PE ratio of 183.25 and a beta of 1.30.

Jackson Financial (NYSE:JXN - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.91 billion. Jackson Financial had a net margin of 1.59% and a return on equity of 18.93%.

Insider Activity

In other Jackson Financial news, CEO Christopher Raub sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $130.69, for a total transaction of $653,450.00. Following the transaction, the chief executive officer owned 42,160 shares of the company's stock, valued at $5,509,890.40. This trade represents a 10.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Carrie Chelko sold 7,500 shares of Jackson Financial stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $134.24, for a total value of $1,006,800.00. Following the completion of the transaction, the executive vice president owned 80,914 shares of the company's stock, valued at approximately $10,861,895.36. The trade was a 8.48% decrease in their position. The SEC filing for this sale provides additional information. 1.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Jackson Financial

Institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in Jackson Financial by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 4,060,350 shares of the company's stock valued at $429,240,000 after purchasing an additional 18,740 shares during the last quarter. Donald Smith & CO. Inc. acquired a new position in shares of Jackson Financial in the 2nd quarter valued at about $183,186,000. Hsbc Holdings PLC boosted its holdings in shares of Jackson Financial by 16.5% in the 4th quarter. Hsbc Holdings PLC now owns 1,550,942 shares of the company's stock valued at $166,476,000 after buying an additional 220,095 shares during the period. Norges Bank bought a new stake in shares of Jackson Financial during the 4th quarter valued at about $129,878,000. Finally, Bank of New York Mellon Corp raised its stake in Jackson Financial by 2.8% during the first quarter. Bank of New York Mellon Corp now owns 910,853 shares of the company's stock worth $96,295,000 after acquiring an additional 24,747 shares during the period. 89.96% of the stock is owned by institutional investors and hedge funds.

About Jackson Financial

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.

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