Barclays Forecasts Strong Price Appreciation for Jackson Financial (NYSE:JXN) Stock

Jackson Financial (NYSE:JXN - Get Free Report) had its price objective lifted by investment analysts at Barclays from $108.00 to $114.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Barclays's price target would indicate a potential upside of 29.56% from the stock's previous close.

Several other analysts also recently weighed in on JXN. Keefe, Bruyette & Woods boosted their price objective on Jackson Financial from $90.00 to $100.00 and gave the company a "market perform" rating in a research report on Tuesday, May 13th. Morgan Stanley set a $91.00 price target on shares of Jackson Financial and gave the company an "equal weight" rating in a report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $96.00.

Jackson Financial Trading Down 1.1%

Jackson Financial stock traded down $0.97 during mid-day trading on Monday, hitting $87.99. The company's stock had a trading volume of 664,058 shares, compared to its average volume of 755,661. Jackson Financial has a 12 month low of $64.70 and a 12 month high of $115.22. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.29 and a quick ratio of 0.29. The business has a 50 day moving average price of $84.26 and a 200-day moving average price of $85.06. The stock has a market cap of $6.29 billion, a price-to-earnings ratio of 85.43 and a beta of 1.47.

Jackson Financial (NYSE:JXN - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $5.10 earnings per share for the quarter, beating analysts' consensus estimates of $4.93 by $0.17. Jackson Financial had a return on equity of 15.46% and a net margin of 1.73%. The company had revenue of $3.75 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the previous year, the company posted $4.23 EPS. Jackson Financial's revenue for the quarter was down .6% on a year-over-year basis. As a group, analysts forecast that Jackson Financial will post 20.55 EPS for the current year.

Hedge Funds Weigh In On Jackson Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in JXN. Norges Bank bought a new position in Jackson Financial in the fourth quarter worth about $98,767,000. Assenagon Asset Management S.A. raised its position in shares of Jackson Financial by 385.3% in the 1st quarter. Assenagon Asset Management S.A. now owns 874,771 shares of the company's stock worth $73,288,000 after acquiring an additional 694,518 shares in the last quarter. Nuveen LLC bought a new position in shares of Jackson Financial in the 1st quarter worth approximately $43,830,000. Millennium Management LLC raised its position in shares of Jackson Financial by 296.7% in the 1st quarter. Millennium Management LLC now owns 658,468 shares of the company's stock worth $55,166,000 after acquiring an additional 492,492 shares in the last quarter. Finally, First Trust Advisors LP raised its position in shares of Jackson Financial by 13.4% in the 4th quarter. First Trust Advisors LP now owns 4,134,545 shares of the company's stock worth $360,036,000 after acquiring an additional 487,803 shares in the last quarter. Institutional investors own 89.96% of the company's stock.

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.