Jackson Financial (NYSE:JXN) Earns Hold Rating from Keefe, Bruyette & Woods

Jackson Financial (NYSE:JXN)‘s stock had its “hold” rating reaffirmed by research analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. They presently have a $123.00 price target on the stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 21.44% from the stock’s current price.

JXN has been the topic of several other research reports. Barclays reaffirmed an “overweight” rating and issued a $137.00 price target on shares of Jackson Financial in a report on Thursday, January 8th. Morgan Stanley set a $105.00 price target on Jackson Financial in a research note on Monday, December 15th. Wall Street Zen raised shares of Jackson Financial from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Evercore set a $118.00 target price on Jackson Financial and gave the company an “in-line” rating in a report on Tuesday, January 6th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jackson Financial in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $115.60.

Jackson Financial Stock Performance

JXN opened at $101.28 on Thursday. Jackson Financial has a twelve month low of $64.70 and a twelve month high of $123.61. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.47. The stock has a market cap of $7.16 billion, a PE ratio of -289.37 and a beta of 1.46. The business’s 50 day moving average is $111.80 and its 200-day moving average is $104.93.

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

Institutional Trading of Jackson Financial

Several hedge funds have recently added to or reduced their stakes in JXN. Allworth Financial LP increased its position in Jackson Financial by 404.0% in the 3rd quarter. Allworth Financial LP now owns 252 shares of the company’s stock worth $26,000 after buying an additional 202 shares during the period. Cullen Frost Bankers Inc. bought a new stake in Jackson Financial in the 3rd quarter valued at $28,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Jackson Financial in the second quarter valued at about $30,000. Optiver Holding B.V. lifted its position in shares of Jackson Financial by 469.2% in the 3rd quarter. Optiver Holding B.V. now owns 296 shares of the company’s stock worth $30,000 after acquiring an additional 244 shares during the period. Finally, Bayforest Capital Ltd lifted its position in Jackson Financial by 541.2% in the third quarter. Bayforest Capital Ltd now owns 327 shares of the company’s stock worth $33,000 after purchasing an additional 276 shares during the period. 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.