Jackson Financial (NYSE:JXN – Get Free Report) had its price objective boosted by Morgan Stanley from $49.00 to $52.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s target price suggests a potential downside of 7.37% from the company’s previous close.
JXN has been the subject of several other reports. Jefferies Financial Group reissued a “hold” rating and issued a $55.00 price objective on shares of Jackson Financial in a report on Tuesday, January 2nd. Keefe, Bruyette & Woods raised shares of Jackson Financial from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $49.00 to $68.00 in a research report on Wednesday. Finally, The Goldman Sachs Group upped their target price on shares of Jackson Financial from $39.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday, January 9th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $55.50.
Read Our Latest Research Report on JXN
Jackson Financial Stock Up 2.0 %
Shares of Jackson Financial stock traded up $1.09 during trading hours on Friday, hitting $56.14. The company had a trading volume of 320,678 shares, compared to its average volume of 752,195. The company’s 50-day moving average is $50.87 and its two-hundred day moving average is $44.44. Jackson Financial has a twelve month low of $26.70 and a twelve month high of $56.31. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.33 and a quick ratio of 0.34. The company has a market cap of $4.46 billion, a P/E ratio of 5.70 and a beta of 1.54.
Jackson Financial (NYSE:JXN – Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The company reported $2.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.53 by ($1.00). The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the company earned $5.66 EPS. Jackson Financial’s quarterly revenue was up 3.3% compared to the same quarter last year. Analysts anticipate that Jackson Financial will post 15.46 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the business. NBC Securities Inc. purchased a new position in Jackson Financial in the third quarter valued at about $28,000. Daiwa Securities Group Inc. purchased a new position in Jackson Financial in the 4th quarter valued at approximately $36,000. Headlands Technologies LLC acquired a new position in Jackson Financial during the fourth quarter worth $38,000. Federated Hermes Inc. boosted its position in Jackson Financial by 199.8% during the third quarter. Federated Hermes Inc. now owns 1,382 shares of the company’s stock worth $38,000 after purchasing an additional 921 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in Jackson Financial by 4,347.8% in the first quarter. Steward Partners Investment Advisory LLC now owns 1,023 shares of the company’s stock valued at $38,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 79.20% of the company’s stock.
About Jackson Financial
Jackson Financial Inc, through its subsidiaries, primarily provides a 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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