Brokerages Set Jackson Financial Inc. (NYSE:JXN) PT at $113.00

Jackson Financial Inc. (NYSE:JXN) has been given a consensus rating of “Hold” by the seven analysts that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $113.00.

JXN has been the subject of a number of recent analyst reports. Barclays restated an “overweight” rating and issued a $137.00 target price on shares of Jackson Financial in a report on Thursday, January 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Jackson Financial in a research note on Monday, December 29th. Evercore set a $118.00 target price on Jackson Financial and gave the stock an “in-line” rating in a research report on Tuesday, January 6th. Finally, Morgan Stanley set a $105.00 target price on Jackson Financial in a report on Monday, December 15th.

Institutional Trading of Jackson Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Jackson Creek Investment Advisors LLC bought a new position in Jackson Financial during the third quarter worth $2,009,000. Acadian Asset Management LLC increased its stake in Jackson Financial by 1.5% during the second quarter. Acadian Asset Management LLC now owns 1,359,477 shares of the company’s stock valued at $120,685,000 after purchasing an additional 20,212 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Jackson Financial by 27.5% during the second quarter. JPMorgan Chase & Co. now owns 662,569 shares of the company’s stock worth $58,830,000 after purchasing an additional 143,091 shares during the period. Donald Smith & CO. Inc. lifted its position in shares of Jackson Financial by 2.0% in the 2nd quarter. Donald Smith & CO. Inc. now owns 1,699,087 shares of the company’s stock worth $150,862,000 after buying an additional 33,040 shares during the last quarter. Finally, Federated Hermes Inc. boosted its holdings in shares of Jackson Financial by 6.4% in the 3rd quarter. Federated Hermes Inc. now owns 854,435 shares of the company’s stock valued at $86,494,000 after buying an additional 51,494 shares during the period. Institutional investors and hedge funds own 89.96% of the company’s stock.

Jackson Financial Stock Up 1.4%

JXN opened at $113.69 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.27 and a quick ratio of 0.27. The stock has a market capitalization of $7.73 billion, a price-to-earnings ratio of 15.72 and a beta of 1.45. The business has a 50-day moving average of $111.76 and a two-hundred day moving average of $101.98. Jackson Financial has a 12 month low of $64.70 and a 12 month high of $123.61.

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.