Barclays Has Lowered Expectations for Jackson Financial (NYSE:JXN) Stock Price

Jackson Financial (NYSE:JXN) had its target price decreased by Barclays from $138.00 to $136.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 31.64% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Jackson Financial in a report on Monday, December 29th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $123.00 price target on shares of Jackson Financial in a report on Thursday, March 26th. Evercore set a $118.00 price target on shares of Jackson Financial and gave the company an “in-line” rating in a report on Tuesday, January 6th. Morgan Stanley set a $105.00 price target on shares of Jackson Financial in a report on Monday, December 15th. Finally, Wall Street Zen raised shares of Jackson Financial from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Jackson Financial currently has an average rating of “Hold” and an average price target of $115.40.

Jackson Financial Trading Down 4.1%

NYSE:JXN opened at $103.31 on Wednesday. The company has a fifty day moving average of $110.02 and a 200 day moving average of $105.38. Jackson Financial has a 52 week low of $68.74 and a 52 week high of $123.61. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $7.30 billion, a P/E ratio of -295.17 and a beta of 1.45.

Jackson Financial (NYSE:JXN) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $6.61 EPS for the quarter, beating analysts’ consensus estimates of $5.90 by $0.71. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the prior year, the company earned $4.65 earnings per share. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, research analysts predict that Jackson Financial will post 20.55 earnings per share for the current year.

Institutional Trading of Jackson Financial

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its position in shares of Jackson Financial by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,041,610 shares of the company’s stock worth $431,045,000 after buying an additional 46,661 shares during the period. Hsbc Holdings PLC grew its holdings in Jackson Financial by 16.5% in the fourth quarter. Hsbc Holdings PLC now owns 1,550,942 shares of the company’s stock worth $166,476,000 after purchasing an additional 220,095 shares during the period. American Century Companies Inc. increased its stake in shares of Jackson Financial by 0.3% during the third quarter. American Century Companies Inc. now owns 1,516,935 shares of the company’s stock valued at $153,559,000 after purchasing an additional 4,559 shares in the last quarter. Norges Bank purchased a new position in shares of Jackson Financial during the fourth quarter valued at approximately $129,878,000. Finally, Morgan Stanley lifted its holdings in shares of Jackson Financial by 6.0% during the fourth quarter. Morgan Stanley now owns 1,196,405 shares of the company’s stock valued at $127,597,000 after purchasing an additional 67,796 shares during the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Jackson Financial Company Profile

Jackson Financial Inc is a U.S.-based financial services holding company headquartered in Lansing, Michigan. The company operates primarily through its principal subsidiary, Jackson National Life Insurance Company, and specializes in designing and distributing retirement products. Jackson Financial has been publicly traded on the New York Stock Exchange under the ticker JXN since its initial public offering in May 2022.

The company’s core offerings include a broad range of fixed, variable and indexed annuity products aimed at helping individuals preserve and grow retirement assets.