The Goldman Sachs Group Lowers Jackson Financial (NYSE:JXN) Price Target to $36.00

Jackson Financial (NYSE:JXNGet Rating) had its price objective decreased by stock analysts at The Goldman Sachs Group from $40.00 to $36.00 in a research note issued to investors on Monday, Stock Target Advisor reports. The brokerage currently has a “neutral” rating on the stock. The Goldman Sachs Group’s target price would indicate a potential upside of 0.45% from the company’s previous close.

Several other analysts also recently issued reports on JXN. Morgan Stanley boosted their price objective on Jackson Financial from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Thursday, March 3rd. Jefferies Financial Group reduced their price objective on Jackson Financial from $55.00 to $45.00 in a research report on Monday, May 16th. Finally, Zacks Investment Research lowered shares of Jackson Financial from a “hold” rating to a “sell” rating in a research note on Thursday, May 19th. One 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 MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $39.67.

Shares of JXN traded up $0.67 during midday trading on Monday, reaching $35.84. 10,623 shares of the company were exchanged, compared to its average volume of 1,104,851. The company has a market cap of $3.09 billion and a price-to-earnings ratio of 1.43. Jackson Financial has a 1-year low of $24.03 and a 1-year high of $47.76. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.26. The stock has a 50-day moving average price of $39.87 and a 200-day moving average price of $39.99.

Jackson Financial (NYSE:JXNGet Rating) last released its quarterly earnings data on Tuesday, May 10th. The company reported $3.94 earnings per share for the quarter, missing analysts’ consensus estimates of $4.53 by ($0.59). The firm had revenue of $4.30 billion during the quarter, compared to analyst estimates of $1.80 billion. Jackson Financial had a return on equity of 20.22% and a net margin of 29.79%. Equities research analysts anticipate that Jackson Financial will post 19.27 earnings per share for the current year.

In related news, insider Paul Chadwick Myers acquired 5,000 shares of the stock in a transaction dated Friday, May 13th. The stock was purchased at an average cost of $31.36 per share, with a total value of $156,800.00. Following the completion of the purchase, the insider now directly owns 422,931 shares in the company, valued at approximately $13,263,116.16. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Dan Hagan sold 55,565 shares of the firm’s stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $43.57, for a total transaction of $2,420,967.05. Following the transaction, the insider now directly owns 4,944,435 shares in the company, valued at $215,429,032.95. The disclosure for this sale can be found here. In the last three months, insiders bought 31,244 shares of company stock valued at $978,498.

A number of large investors have recently modified their holdings of JXN. Apollo Management Holdings L.P. bought a new stake in shares of Jackson Financial during the 4th quarter worth $439,049,000. Sessa Capital IM L.P. increased its stake in Jackson Financial by 5.8% during the 4th quarter. Sessa Capital IM L.P. now owns 4,759,038 shares of the company’s stock valued at $199,071,000 after purchasing an additional 260,301 shares in the last quarter. Dodge & Cox raised its position in Jackson Financial by 1.1% in the 4th quarter. Dodge & Cox now owns 3,819,494 shares of the company’s stock worth $159,769,000 after buying an additional 40,700 shares during the last quarter. BlackRock Inc. increased its position in Jackson Financial by 16.3% during the fourth quarter. BlackRock Inc. now owns 3,433,079 shares of the company’s stock valued at $143,607,000 after acquiring an additional 481,362 shares during the last quarter. Finally, LGT Capital Partners LTD. grew its position in shares of Jackson Financial by 31.7% during the 4th quarter. LGT Capital Partners LTD. now owns 2,107,500 shares of the company’s stock valued at $88,157,000 after acquiring an additional 506,792 shares during the period. 81.17% of the stock is owned by institutional investors.

Jackson Financial Company Profile (Get Rating)

Jackson Financial Inc, through its subsidiaries, primarily provides a 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 immediate payout annuities, as well as registered index-linked annuities and lifetime income solutions.

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