Jackson Financial (NYSE:JXN) PT Raised to $38.00

Jackson Financial (NYSE:JXNGet Rating) had its target price raised by equities researchers at Evercore ISI to $38.00 in a report released on Wednesday, Stock Target Advisor reports. Evercore ISI’s price objective would suggest a potential upside of 5.00% from the company’s previous close.

A number of other brokerages have also recently commented on JXN. Jefferies Financial Group increased their target price on shares of Jackson Financial from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, September 8th. Morgan Stanley lifted their price target on Jackson Financial from $35.00 to $37.00 and gave the stock an “equal weight” rating in a report on Thursday, November 10th.

Jackson Financial Stock Down 1.6 %

NYSE JXN opened at $36.19 on Wednesday. The business has a fifty day moving average price of $32.76 and a 200 day moving average price of $31.63. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.37 and a current ratio of 0.37. The company has a market cap of $3.12 billion, a P/E ratio of 0.46 and a beta of 1.69. Jackson Financial has a one year low of $23.56 and a one year high of $47.76.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of JXN. Qube Research & Technologies Ltd lifted its stake in Jackson Financial by 28.9% during the 1st quarter. Qube Research & Technologies Ltd now owns 243,045 shares of the company’s stock worth $10,750,000 after acquiring an additional 54,545 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Jackson Financial by 417.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 58,352 shares of the company’s stock valued at $2,581,000 after purchasing an additional 47,073 shares during the period. Citigroup Inc. boosted its stake in shares of Jackson Financial by 23.6% in the first quarter. Citigroup Inc. now owns 135,048 shares of the company’s stock valued at $5,973,000 after purchasing an additional 25,814 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of Jackson Financial by 125.2% in the first quarter. Commonwealth Equity Services LLC now owns 49,773 shares of the company’s stock valued at $2,201,000 after purchasing an additional 27,672 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in Jackson Financial by 44.4% during the 1st quarter. SG Americas Securities LLC now owns 6,190 shares of the company’s stock worth $274,000 after buying an additional 1,902 shares during the period. 74.60% of the stock is currently owned by hedge funds and other institutional investors.

About Jackson Financial

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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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