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

Jackson Financial (NYSE:JXN) had its price objective decreased by analysts at Barclays from $117.00 to $116.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 27.33% from the company’s current price.

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

Jackson Financial Stock Performance

Shares of NYSE:JXN traded up $1.74 on Monday, reaching $91.10. 175,919 shares of the company’s stock were exchanged, compared to its average volume of 407,863. Jackson Financial has a fifty-two week low of $47.49 and a fifty-two week high of $115.22. The business’s 50-day moving average is $97.07 and its two-hundred day moving average is $89.44. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of -7.21 and a beta of 1.46.

Jackson Financial (NYSE:JXN) last issued its earnings results on Wednesday, November 6th. The company reported $4.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.67 by ($0.07). The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the prior year, the company earned $3.80 earnings per share. As a group, equities research analysts forecast that Jackson Financial will post 18.8 EPS for the current year.

Insiders Place Their Bets

In related news, Director Gregory T. Durant purchased 1,500 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were bought at an average cost of $90.28 per share, for a total transaction of $135,420.00. Following the transaction, the director now owns 32,023 shares of the company’s stock, valued at $2,891,036.44. This represents a 4.91 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. 1.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC lifted its position in Jackson Financial by 9,363.9% in the third quarter. International Assets Investment Management LLC now owns 942,039 shares of the company’s stock worth $85,942,000 after purchasing an additional 932,085 shares during the period. Wedge Capital Management L L P NC acquired a new stake in shares of Jackson Financial in the third quarter valued at $40,795,000. LSV Asset Management boosted its stake in Jackson Financial by 2,459.7% during the second quarter. LSV Asset Management now owns 439,339 shares of the company’s stock valued at $32,625,000 after buying an additional 422,175 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Jackson Financial by 40.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,050,903 shares of the company’s stock worth $95,874,000 after acquiring an additional 300,520 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Jackson Financial by 3.8% in the second quarter. Dimensional Fund Advisors LP now owns 4,471,335 shares of the company’s stock worth $332,035,000 after acquiring an additional 163,598 shares in the last quarter. Institutional investors and hedge funds 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.