Barclays Issues Pessimistic Forecast for Jackson Financial (NYSE:JXN) Stock Price

Jackson Financial (NYSE:JXN) had its price target decreased by equities research analysts at Barclays from $117.00 to $116.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 29.32% from the stock’s previous close.

Separately, Evercore ISI lowered shares of Jackson Financial from an “in-line” rating to an “underperform” rating and boosted their price target for the company from $74.00 to $95.00 in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $84.83.

Jackson Financial Stock Down 0.3 %

Shares of Jackson Financial stock opened at $89.70 on Monday. The business has a fifty day simple moving average of $96.84 and a 200 day simple moving average of $89.69. The stock has a market cap of $6.63 billion, a PE ratio of -7.10 and a beta of 1.46. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.42. Jackson Financial has a 12 month low of $47.49 and a 12 month high of $115.22.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $4.60 EPS for the quarter, missing analysts’ consensus estimates of $4.67 by ($0.07). The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the previous year, the business posted $3.80 earnings per share. Research analysts predict that Jackson Financial will post 18.8 EPS for the current year.

Insiders Place Their Bets

In other news, Director Gregory T. Durant acquired 1,500 shares of Jackson Financial stock in a transaction dated Wednesday, December 11th. The stock was bought at an average cost of $90.28 per share, with a total value of $135,420.00. Following the completion of the transaction, the director now directly owns 32,023 shares of the company’s stock, valued at approximately $2,891,036.44. This represents a 4.91 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Jackson Financial

Several institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in shares of Jackson Financial by 3.8% in the second quarter. Dimensional Fund Advisors LP now owns 4,471,335 shares of the company’s stock valued at $332,035,000 after purchasing an additional 163,598 shares during the last quarter. State Street Corp grew its position in Jackson Financial by 4.9% in the third quarter. State Street Corp now owns 3,266,981 shares of the company’s stock valued at $298,047,000 after purchasing an additional 153,326 shares in the last quarter. Geode Capital Management LLC increased its stake in Jackson Financial by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,086,155 shares of the company’s stock valued at $194,187,000 after buying an additional 144,530 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Jackson Financial by 6.5% during the 2nd quarter. American Century Companies Inc. now owns 1,623,071 shares of the company’s stock worth $120,529,000 after buying an additional 98,792 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Jackson Financial by 40.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,050,903 shares of the company’s stock valued at $95,874,000 after acquiring an additional 300,520 shares in the last quarter. 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.