Keefe, Bruyette & Woods Lowers Jackson Financial (NYSE:JXN) Price Target to $90.00

Jackson Financial (NYSE:JXN) had its target price cut by Keefe, Bruyette & Woods from $105.00 to $90.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 32.05% from the company’s previous close.

Separately, Barclays increased their price objective on shares of Jackson Financial from $116.00 to $118.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Jackson Financial currently has a consensus rating of “Hold” and a consensus price target of $94.40.

Jackson Financial Stock Down 3.4 %

NYSE JXN traded down $2.39 during mid-day trading on Wednesday, reaching $68.16. The stock had a trading volume of 190,669 shares, compared to its average volume of 745,196. The stock has a market cap of $4.95 billion, a PE ratio of 5.97 and a beta of 1.49. Jackson Financial has a 1 year low of $62.81 and a 1 year high of $115.22. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30. The company has a fifty day moving average price of $86.16 and a 200 day moving average price of $92.33.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $4.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.72 by ($0.07). The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.81 billion. On average, research analysts expect that Jackson Financial will post 20.55 earnings per share for the current year.

Insider Activity

In other Jackson Financial news, CEO Scott Romine sold 7,000 shares of Jackson Financial stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $84.43, for a total transaction of $591,010.00. Following the transaction, the chief executive officer now owns 85,276 shares of the company’s stock, valued at $7,199,852.68. The trade was a 7.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Craig Donald Smith sold 20,607 shares of the stock in a transaction on Monday, April 7th. The stock was sold at an average price of $69.52, for a total transaction of $1,432,598.64. Following the completion of the sale, the chief executive officer now directly owns 116,423 shares of the company’s stock, valued at approximately $8,093,726.96. This trade represents a 15.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Jackson Financial

Hedge funds have recently made changes to their positions in the business. Empowered Funds LLC purchased a new position in Jackson Financial in the 4th quarter worth approximately $26,000. Quarry LP purchased a new position in shares of Jackson Financial in the fourth quarter worth $28,000. World Investment Advisors LLC bought a new position in shares of Jackson Financial during the third quarter worth $31,000. SBI Securities Co. Ltd. bought a new stake in Jackson Financial in the 4th quarter valued at $44,000. Finally, Versant Capital Management Inc lifted its stake in Jackson Financial by 161.9% in the 1st quarter. Versant Capital Management Inc now owns 550 shares of the company’s stock worth $46,000 after purchasing an additional 340 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.