Jackson Financial (NYSE:JXN) Given New $136.00 Price Target at Barclays

Key Points

• Barclays cut its price target on Jackson Financial from $138 to $136 but kept an “overweight” rating, implying about a 26.85% upside from the stock's prior close.
• Analyst consensus is more cautious: Jackson has an average rating of "Hold" and an average target price of $115.40, with individual targets ranging roughly from $105 to $136 and mixed ratings across firms.
• Jackson recently beat quarterly expectations, reporting EPS $6.61 vs. $5.90 consensus and revenue $1.94B vs. $1.92B, though revenue was down about 2.8% year‑over‑year.

Jackson Financial (NYSE:JXN - Get Free Report) had its price objective decreased by Barclays from $138.00 to $136.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Barclays's price target would suggest a potential upside of 26.85% from the company's previous close.

Several other equities analysts also recently commented on JXN. Wall Street Zen upgraded Jackson Financial from a "hold" rating to a "buy" rating in a report on Saturday, February 28th. Evercore set a $118.00 price target on shares of Jackson Financial and gave the company an "in-line" rating in a report on Tuesday, January 6th. Weiss Ratings restated a "hold (c+)" rating on shares of Jackson Financial in a report on Monday, December 29th. Keefe, Bruyette & Woods restated a "hold" rating and set a $123.00 price target on shares of Jackson Financial in a report on Thursday, March 26th. Finally, Morgan Stanley set a $105.00 price target on shares of Jackson Financial in a report on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Jackson Financial presently has an average rating of "Hold" and an average target price of $115.40.

Jackson Financial Stock Performance

JXN stock traded up $3.90 during midday trading on Wednesday, hitting $107.21. 208,069 shares of the company traded hands, compared to its average volume of 605,674. Jackson Financial has a twelve month low of $66.75 and a twelve month high of $123.61. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.47. The business has a 50 day simple moving average of $110.48 and a 200-day simple moving average of $105.37. The stock has a market capitalization of $7.58 billion, a price-to-earnings ratio of -306.28 and a beta of 1.45.

Jackson Financial (NYSE:JXN - Get Free Report) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $6.61 EPS for the quarter, beating the consensus estimate of $5.90 by $0.71. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter last year, the business earned $4.65 EPS. The company's revenue for the quarter was down 2.8% on a year-over-year basis. As a group, equities research analysts predict that Jackson Financial will post 20.55 earnings per share for the current year.

Institutional Investors Weigh In On Jackson Financial

Institutional investors have recently added to or reduced their stakes in the company. Jackson Creek Investment Advisors LLC acquired a new stake in Jackson Financial during the third quarter worth about $2,009,000. Victory Capital Management Inc. boosted its stake in Jackson Financial by 12.2% during the third quarter. Victory Capital Management Inc. now owns 601,151 shares of the company's stock worth $60,855,000 after buying an additional 65,202 shares in the last quarter. Kingsview Wealth Management LLC acquired a new stake in Jackson Financial during the third quarter worth $3,373,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in Jackson Financial during the third quarter worth $1,255,000. Finally, Federated Hermes Inc. boosted its stake in Jackson Financial by 6.4% during the third quarter. Federated Hermes Inc. now owns 854,435 shares of the company's stock worth $86,494,000 after buying an additional 51,494 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.