Jackson Financial (NYSE:JXN) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Key Points

• Morgan Stanley raised its price target for Jackson Financial from $92.00 to $97.00, suggesting a potential upside of 3.57% from the current stock price.
• Jackson Financial's shares traded around $93.66, with a market capitalization of $6.52 billion and a recent EPS of $4.87 for the quarter, exceeding analyst expectations.
• Institutional investors hold 89.96% of Jackson Financial's stock, with significant recent acquisitions from several investment firms, highlighting growing interest in the company.

Jackson Financial (NYSE:JXN - Get Free Report) had its price target increased by investment analysts at Morgan Stanley from $92.00 to $97.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Morgan Stanley's price target would suggest a potential upside of 3.57% from the company's current price.

Several other equities analysts have also recently weighed in on the stock. Jefferies Financial Group lifted their price objective on shares of Jackson Financial from $88.00 to $95.00 and gave the stock a "hold" rating in a research report on Monday, August 11th. Barclays boosted their price target on shares of Jackson Financial from $108.00 to $114.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Jackson Financial from $102.00 to $105.00 and gave the company a "market perform" rating in a report on Monday, August 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $101.20.

Jackson Financial Stock Performance

Shares of JXN traded down $0.78 during mid-day trading on Monday, reaching $93.66. 15,706 shares of the company's stock traded hands, compared to its average volume of 762,414. The business's 50-day moving average price is $87.70 and its 200-day moving average price is $84.70. The stock has a market capitalization of $6.52 billion, a P/E ratio of -1,561.34 and a beta of 1.46. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.28 and a current ratio of 0.28. Jackson Financial has a 12 month low of $64.70 and a 12 month high of $115.22.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Jackson Financial in the 2nd quarter valued at $30,000. Quarry LP bought a new stake in Jackson Financial during the fourth quarter worth about $28,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Jackson Financial by 111.6% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 438 shares of the company's stock worth $39,000 after acquiring an additional 231 shares in the last quarter. NBC Securities Inc. bought a new stake in Jackson Financial during the first quarter worth about $37,000. Finally, Brooklyn Investment Group lifted its stake in Jackson Financial by 987.0% in the 1st 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. Institutional investors own 89.96% of the company's stock.

About Jackson Financial

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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