Jackson Financial (NYSE:JXN) Price Target Cut to $116.00 by Analysts at Barclays

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

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

Jackson Financial Trading Up 1.9 %

Shares of NYSE JXN traded up $1.74 during midday trading on Monday, hitting $91.10. The stock had a trading volume of 175,919 shares, compared to its average volume of 407,863. 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 1-year low of $47.49 and a 1-year high of $115.22. The company has a market capitalization of $6.73 billion, a price-to-earnings ratio of -7.21 and a beta of 1.46. The company has a fifty day moving average price of $97.07 and a 200 day moving average price of $89.44.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $4.60 earnings per share 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 last year, the business posted $3.80 earnings per share. On average, analysts predict that Jackson Financial will post 18.8 earnings per share for the current year.

Insider Buying and Selling

In other Jackson Financial news, Director Gregory T. Durant bought 1,500 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were acquired 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 owns 32,023 shares in the company, valued at $2,891,036.44. The trade was a 4.91 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Jackson Financial

Hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in shares of Jackson Financial by 3.8% in the 2nd 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 in the last quarter. State Street Corp raised its holdings 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 acquiring an additional 153,326 shares in the last quarter. Geode Capital Management LLC boosted its stake in Jackson Financial by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,086,155 shares of the company’s stock valued at $194,187,000 after acquiring an additional 144,530 shares during the last quarter. American Century Companies Inc. grew its holdings in 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 acquiring an additional 98,792 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position 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 worth $95,874,000 after purchasing an additional 300,520 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

About Jackson Financial

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.