Jackson Financial (NYSE:JXN) PT Raised to $75.00 at Keefe, Bruyette & Woods

Jackson Financial (NYSE:JXN - Get Free Report) had its target price upped by Keefe, Bruyette & Woods from $68.00 to $75.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' target price points to a potential upside of 14.35% from the company's previous close.

A number of other brokerages have also recently weighed in on JXN. Jefferies Financial Group reiterated a "hold" rating and set a $55.00 price target on shares of Jackson Financial in a research report on Tuesday, January 2nd. The Goldman Sachs Group increased their price objective on Jackson Financial from $39.00 to $47.00 and gave the stock a "neutral" rating in a report on Tuesday, January 9th. Finally, Morgan Stanley raised their target price on Jackson Financial from $49.00 to $52.00 and gave the company an "equal weight" rating in a report on Friday, March 1st. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $57.25.

Jackson Financial Trading Up 1.0 %

Shares of NYSE:JXN traded up $0.63 during midday trading on Wednesday, reaching $65.59. The company's stock had a trading volume of 706,560 shares, compared to its average volume of 836,092. The firm has a market cap of $5.08 billion, a price-to-earnings ratio of 6.69 and a beta of 1.57. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.41. Jackson Financial has a 1 year low of $26.70 and a 1 year high of $68.97. The business has a 50 day moving average price of $58.22 and a 200 day moving average price of $49.79.

Jackson Financial (NYSE:JXN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $2.53 EPS for the quarter, missing analysts' consensus estimates of $3.53 by ($1.00). The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.40 billion. Jackson Financial's quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.66 EPS. Research analysts forecast that Jackson Financial will post 15.59 EPS for the current year.

Insider Activity

In other Jackson Financial news, Director Derek G. Kirkland acquired 3,500 shares of Jackson Financial stock in a transaction dated Monday, March 4th. The stock was bought at an average cost of $55.67 per share, for a total transaction of $194,845.00. Following the purchase, the director now directly owns 37,726 shares in the company, valued at approximately $2,100,206.42. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 1.70% of the stock is owned by company insiders.

Institutional Trading of Jackson Financial

Several large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in Jackson Financial by 0.7% in the first quarter. JPMorgan Chase & Co. now owns 92,635 shares of the company's stock valued at $4,098,000 after buying an additional 662 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Jackson Financial by 19.5% during the first quarter. Raymond James & Associates now owns 34,968 shares of the company's stock valued at $1,547,000 after buying an additional 5,699 shares during the last quarter. Sei Investments Co. purchased a new position in Jackson Financial during the first quarter worth about $346,000. Canada Pension Plan Investment Board purchased a new position in Jackson Financial during the first quarter worth about $402,000. Finally, Penserra Capital Management LLC purchased a new position in Jackson Financial during the first quarter worth about $108,000. Institutional investors and hedge funds 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.