Jackson Financial (NYSE:JXN) Raised to Buy at Wall Street Zen

Jackson Financial (NYSE:JXN) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Several other equities research analysts have also recently weighed in on JXN. Barclays restated an “overweight” rating and set a $137.00 target price on shares of Jackson Financial in a research note on Thursday, January 8th. Morgan Stanley set a $105.00 price objective on shares of Jackson Financial in a research report on Monday, December 15th. Weiss Ratings restated a “hold (c+)” rating on shares of Jackson Financial in a report on Monday, December 29th. Finally, Evercore set a $118.00 target price on shares of Jackson Financial and gave the company an “in-line” rating in a research report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Jackson Financial has a consensus rating of “Hold” and an average price target of $113.00.

Jackson Financial Stock Performance

Shares of JXN stock opened at $109.26 on Friday. The company has a market cap of $7.43 billion, a P/E ratio of -312.15 and a beta of 1.45. The firm has a fifty day moving average price of $113.46 and a 200 day moving average price of $103.53. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.47. Jackson Financial has a 12 month low of $64.70 and a 12 month high of $123.61.

Jackson Financial (NYSE:JXN) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $6.61 earnings per share for the quarter, beating analysts’ consensus estimates of $5.90 by $0.71. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.92 billion. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.65 earnings per share. Sell-side analysts predict that Jackson Financial will post 20.55 earnings per share for the current fiscal year.

Institutional Trading of Jackson Financial

Several institutional investors and hedge funds have recently bought and sold shares of JXN. DGS Capital Management LLC grew its position in Jackson Financial by 8.8% during the 4th quarter. DGS Capital Management LLC now owns 2,171 shares of the company’s stock worth $232,000 after purchasing an additional 176 shares during the last quarter. Kera Capital Partners Inc. boosted its stake in shares of Jackson Financial by 5.3% during the fourth quarter. Kera Capital Partners Inc. now owns 48,571 shares of the company’s stock worth $5,180,000 after buying an additional 2,458 shares during the period. Corient Private Wealth LLC grew its holdings in shares of Jackson Financial by 7.4% during the fourth quarter. Corient Private Wealth LLC now owns 12,523 shares of the company’s stock worth $1,336,000 after buying an additional 867 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in Jackson Financial by 8.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 18,311 shares of the company’s stock valued at $1,953,000 after acquiring an additional 1,383 shares during the period. Finally, State of Tennessee Department of Treasury increased its position in Jackson Financial by 7.0% in the 4th quarter. State of Tennessee Department of Treasury now owns 38,446 shares of the company’s stock valued at $4,100,000 after acquiring an additional 2,515 shares during the period. Hedge funds and other institutional investors own 89.96% of the company’s stock.

About Jackson Financial

Jackson Financial Inc is a U.S.-based financial services holding company headquartered in Lansing, Michigan. The company operates primarily through its principal subsidiary, Jackson National Life Insurance Company, and specializes in designing and distributing retirement products. Jackson Financial has been publicly traded on the New York Stock Exchange under the ticker JXN since its initial public offering in May 2022.

The company’s core offerings include a broad range of fixed, variable and indexed annuity products aimed at helping individuals preserve and grow retirement assets.