Jackson Financial (NYSE:JXN) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Key Points

• Jefferies Financial Group has increased the price target for Jackson Financial from $88.00 to $95.00, indicating a potential upside of 5.10%.
• Analysts have mixed ratings for Jackson Financial, with one sell rating, three hold ratings, and one buy rating, leading to an average price target of $100.00.
• The company reported $4.87 EPS for the last quarter, exceeding estimates by $0.26, despite a revenue decline of 3.3% year-over-year.

Jackson Financial (NYSE:JXN - Get Free Report) had its price target lifted by equities research analysts at Jefferies Financial Group from $88.00 to $95.00 in a research report issued on Monday,Benzinga reports. The firm currently has a "hold" rating on the stock. Jefferies Financial Group's price objective points to a potential upside of 5.10% from the stock's previous close.

Several other analysts have also issued reports on the company. Barclays upped their target price on Jackson Financial from $108.00 to $114.00 and gave the stock an "overweight" rating in a report on Monday, July 7th. Keefe, Bruyette & Woods upped their target price on Jackson Financial from $102.00 to $105.00 and gave the stock a "market perform" rating in a report on Monday. Finally, Morgan Stanley set a $91.00 target price on Jackson Financial and gave the stock an "equal weight" rating in a report on Monday, May 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, Jackson Financial has an average rating of "Hold" and an average price target of $100.00.

Jackson Financial Stock Performance

Shares of Jackson Financial stock opened at $90.39 on Monday. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of -1,506.25 and a beta of 1.46. The stock's 50-day moving average is $86.52 and its 200-day moving average is $84.70. Jackson Financial has a one year low of $64.70 and a one year high of $115.22. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.28 and a quick ratio of 0.28.

Jackson Financial (NYSE:JXN - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $4.87 EPS for the quarter, beating analysts' consensus estimates of $4.61 by $0.26. The company had revenue of ($471.00) million for the quarter, compared to analyst estimates of $1.77 billion. Jackson Financial had a return on equity of 14.73% and a net margin of 1.73%. The company's quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $5.32 earnings per share. Equities analysts predict that Jackson Financial will post 20.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Jackson Financial

A number of institutional investors have recently bought and sold shares of the business. Quarry LP acquired a new position in shares of Jackson Financial in the fourth quarter valued at approximately $28,000. NBC Securities Inc. acquired a new position in shares of Jackson Financial in the first quarter valued at approximately $37,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Jackson Financial by 111.6% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 438 shares of the company's stock valued at $39,000 after purchasing an additional 231 shares during the last quarter. Brooklyn Investment Group grew its position in shares of Jackson Financial by 987.0% in the first quarter. Brooklyn Investment Group now owns 500 shares of the company's stock valued at $42,000 after purchasing an additional 454 shares during the last quarter. Finally, Sound Income Strategies LLC grew its position in shares of Jackson Financial by 1,342.9% in the second quarter. Sound Income Strategies LLC now owns 505 shares of the company's stock valued at $45,000 after purchasing an additional 470 shares during the last quarter. Institutional investors and hedge funds 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.

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