Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Jackson Financial (NYSE:JXN) Stock

Jackson Financial (NYSE:JXN - Get Free Report) had its price objective boosted by investment analysts at Keefe, Bruyette & Woods from $100.00 to $102.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' price objective would indicate a potential upside of 18.74% from the company's current price.

A number of other research analysts have also recently issued reports on JXN. Barclays boosted their target price on Jackson Financial from $108.00 to $114.00 and gave the company an "overweight" rating in a research note on Monday. Morgan Stanley set a $91.00 target price on shares of Jackson Financial and gave the stock an "equal weight" rating in a report on Monday, May 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $96.40.

Jackson Financial Trading Down 3.4%

Jackson Financial stock traded down $3.01 during trading hours on Wednesday, reaching $85.90. 708,091 shares of the company's stock traded hands, compared to its average volume of 755,780. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.29 and a current ratio of 0.29. Jackson Financial has a fifty-two week low of $64.70 and a fifty-two week high of $115.22. The firm has a market capitalization of $6.14 billion, a price-to-earnings ratio of 83.40 and a beta of 1.47. The firm's 50 day moving average is $84.61 and its 200-day moving average is $85.09.

Jackson Financial (NYSE:JXN - Get Free Report) last announced its quarterly 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. The business had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $1.80 billion. Jackson Financial had a net margin of 1.73% and a return on equity of 15.46%. Jackson Financial's revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the company posted $4.23 EPS. On average, analysts predict that Jackson Financial will post 20.55 earnings per share for the current year.

Institutional Investors Weigh In On Jackson Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Raiffeisen Bank International AG raised its holdings in shares of Jackson Financial by 11.7% during the first quarter. Raiffeisen Bank International AG now owns 1,270 shares of the company's stock worth $106,000 after acquiring an additional 133 shares during the period. Triumph Capital Management increased its stake in Jackson Financial by 3.6% in the 2nd quarter. Triumph Capital Management now owns 3,990 shares of the company's stock valued at $354,000 after buying an additional 138 shares during the last quarter. CWM LLC increased its stake in Jackson Financial by 7.9% in the 1st quarter. CWM LLC now owns 1,975 shares of the company's stock valued at $165,000 after buying an additional 145 shares during the last quarter. Wealthcare Advisory Partners LLC increased its stake in Jackson Financial by 1.2% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 14,096 shares of the company's stock valued at $1,181,000 after buying an additional 166 shares during the last quarter. Finally, Xponance Inc. increased its stake in Jackson Financial by 2.5% in the 1st quarter. Xponance Inc. now owns 6,738 shares of the company's stock valued at $565,000 after buying an additional 166 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

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.