Keefe, Bruyette & Woods Has Lowered Expectations for Jackson Financial (NYSE:JXN) Stock Price

Jackson Financial (NYSE:JXN) had its price objective reduced by research analysts at Keefe, Bruyette & Woods from $123.00 to $120.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 18.02% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. Evercore set a $118.00 target price on shares of Jackson Financial and gave the company an “in-line” rating in a research note on Tuesday, January 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of Jackson Financial in a research note on Monday, December 29th. Barclays decreased their price target on Jackson Financial from $138.00 to $136.00 and set an “overweight” rating for the company in a research note on Wednesday. Morgan Stanley set a $105.00 price target on Jackson Financial in a research note on Monday, December 15th. Finally, Wall Street Zen raised Jackson Financial from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $114.80.

Jackson Financial Stock Performance

Shares of JXN stock opened at $101.68 on Friday. Jackson Financial has a 12-month low of $68.74 and a 12-month high of $123.61. The firm has a market capitalization of $7.19 billion, a price-to-earnings ratio of -290.50 and a beta of 1.45. The business has a 50 day simple moving average of $109.68 and a 200 day simple moving average of $105.39. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.27 and a quick ratio of 0.27.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of JXN. Jackson Creek Investment Advisors LLC purchased a new stake in Jackson Financial in the 3rd quarter worth about $2,009,000. Victory Capital Management Inc. lifted its stake in Jackson Financial by 12.2% in the 3rd quarter. Victory Capital Management Inc. now owns 601,151 shares of the company’s stock worth $60,855,000 after acquiring an additional 65,202 shares in the last quarter. Kingsview Wealth Management LLC purchased a new stake in Jackson Financial in the 3rd quarter worth about $3,373,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in Jackson Financial in the 3rd quarter worth about $1,255,000. Finally, Federated Hermes Inc. lifted its stake in Jackson Financial by 6.4% in the 3rd quarter. Federated Hermes Inc. now owns 854,435 shares of the company’s stock worth $86,494,000 after acquiring an additional 51,494 shares in the last quarter. Institutional investors own 89.96% of the company’s stock.

About Jackson Financial

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.