Jefferies Financial Group Raises Jackson Financial (NYSE:JXN) Price Target to $70.00

Jackson Financial (NYSE:JXN) had its target price raised by equities research analysts at Jefferies Financial Group from $62.00 to $70.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s price target would indicate a potential downside of 5.74% from the stock’s current price.

Several other analysts also recently weighed in on JXN. Morgan Stanley lifted their target price on shares of Jackson Financial from $52.00 to $70.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Keefe, Bruyette & Woods downgraded shares of Jackson Financial from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $75.00 to $80.00 in a report on Tuesday, May 14th. Finally, Evercore ISI lowered their target price on shares of Jackson Financial from $75.00 to $73.00 and set an “in-line” rating on the stock in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $68.00.

Jackson Financial Trading Up 1.4 %

Shares of Jackson Financial stock opened at $74.26 on Friday. Jackson Financial has a 1 year low of $29.28 and a 1 year high of $81.52. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.32 and a current ratio of 0.32. The company has a market capitalization of $5.66 billion, a P/E ratio of 1.96 and a beta of 1.54. The company’s fifty day moving average is $73.43 and its two-hundred day moving average is $61.89.

Jackson Financial (NYSE:JXN) last issued its earnings results on Wednesday, May 8th. The company reported $4.23 earnings per share for the quarter, beating the consensus estimate of $3.67 by $0.56. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.67 billion. The firm’s revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.15 EPS. Analysts forecast that Jackson Financial will post 16.98 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Don W. Cummings bought 1,445 shares of the stock in a transaction on Wednesday, June 5th. The shares were bought at an average cost of $72.70 per share, for a total transaction of $105,051.50. Following the completion of the transaction, the chief financial officer now owns 45,711 shares of the company’s stock, valued at approximately $3,323,189.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Jackson Financial news, COO Devkumar Dilip Ganguly sold 13,000 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $75.67, for a total value of $983,710.00. Following the sale, the chief operating officer now owns 93,405 shares of the company’s stock, valued at $7,067,956.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Don W. Cummings purchased 1,445 shares of Jackson Financial stock in a transaction on Wednesday, June 5th. The stock was acquired at an average cost of $72.70 per share, for a total transaction of $105,051.50. Following the acquisition, the chief financial officer now directly owns 45,711 shares of the company’s stock, valued at $3,323,189.70. The disclosure for this purchase can be found here. 1.30% of the stock is currently owned by company insiders.

Institutional Trading of Jackson Financial

Several institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC lifted its holdings in shares of Jackson Financial by 47.0% in the first quarter. GAMMA Investing LLC now owns 482 shares of the company’s stock valued at $32,000 after purchasing an additional 154 shares in the last quarter. Hexagon Capital Partners LLC lifted its holdings in shares of Jackson Financial by 18.1% in the first quarter. Hexagon Capital Partners LLC now owns 1,532 shares of the company’s stock valued at $101,000 after purchasing an additional 235 shares in the last quarter. Asset Allocation Strategies LLC lifted its holdings in shares of Jackson Financial by 1.4% in the fourth quarter. Asset Allocation Strategies LLC now owns 17,310 shares of the company’s stock valued at $886,000 after purchasing an additional 242 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of Jackson Financial by 18.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,640 shares of the company’s stock valued at $84,000 after buying an additional 250 shares during the period. Finally, Private Trust Co. NA lifted its stake in shares of Jackson Financial by 10.2% during the fourth quarter. Private Trust Co. NA now owns 3,156 shares of the company’s stock valued at $162,000 after buying an additional 292 shares during the period. Hedge funds and other institutional investors own 89.96% of the company’s stock.

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.