Jackson Financial (NYSE:JXN) Price Target Increased to $62.00 by Analysts at Evercore ISI

Jackson Financial (NYSE:JXN - Get Free Report) had its price objective boosted by analysts at Evercore ISI from $55.00 to $62.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an "in-line" rating on the stock. Evercore ISI's price target would indicate a potential downside of 5.16% from the stock's current price.

JXN has been the subject of a number of other research reports. Morgan Stanley increased their price objective on shares of Jackson Financial from $49.00 to $52.00 and gave the stock an "equal weight" rating in a research report on Friday, March 1st. Keefe, Bruyette & Woods raised their price target on shares of Jackson Financial from $68.00 to $75.00 and gave the company an "outperform" rating in a research report on Wednesday. Jefferies Financial Group reissued a "hold" rating and issued a $55.00 price target on shares of Jackson Financial in a research report on Tuesday, January 2nd. Finally, The Goldman Sachs Group raised their price target on shares of Jackson Financial from $39.00 to $47.00 and gave the company a "neutral" rating in a research report on Tuesday, January 9th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $58.20.

Jackson Financial Trading Down 0.3 %

Shares of NYSE:JXN traded down $0.20 during mid-day trading on Thursday, reaching $65.37. 585,829 shares of the company were exchanged, compared to its average volume of 832,520. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market cap of $5.06 billion, a price-to-earnings ratio of 6.66 and a beta of 1.57. The firm's 50-day simple moving average is $58.53 and its 200 day simple moving average is $49.90. Jackson Financial has a 1 year low of $26.70 and a 1 year high of $68.97.

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

Insider Activity

In other news, Director Derek G. Kirkland acquired 3,500 shares of Jackson Financial stock in a transaction dated Monday, March 4th. The shares were acquired at an average cost of $55.67 per share, for a total transaction of $194,845.00. Following the acquisition, the director now owns 37,726 shares of the company's stock, valued at $2,100,206.42. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.70% of the company's stock.

Institutional Investors Weigh In On Jackson Financial

A number of hedge funds and other institutional investors have recently modified their holdings of JXN. NBC Securities Inc. acquired a new stake in shares of Jackson Financial in the 3rd quarter valued at $28,000. GAMMA Investing LLC raised its stake in Jackson Financial by 47.0% during the 1st quarter. GAMMA Investing LLC now owns 482 shares of the company's stock worth $32,000 after acquiring an additional 154 shares in the last quarter. Daiwa Securities Group Inc. acquired a new stake in Jackson Financial during the 4th quarter worth $36,000. Headlands Technologies LLC acquired a new stake in Jackson Financial during the 4th quarter worth $38,000. Finally, Federated Hermes Inc. raised its stake in Jackson Financial by 199.8% during the 3rd quarter. Federated Hermes Inc. now owns 1,382 shares of the company's stock worth $38,000 after acquiring an additional 921 shares in 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.