Jackson Financial Inc. (NYSE:JXN) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Jackson Financial Inc. (NYSE:JXN) have earned an average recommendation of “Hold” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $113.00.

A number of research analysts have issued reports on the company. Barclays reiterated an “overweight” rating and issued a $137.00 target price on shares of Jackson Financial in a research report on Thursday, January 8th. 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 objective on shares of Jackson Financial in a research note on Monday, December 15th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jackson Financial in a research note on Monday, December 29th.

Hedge Funds Weigh In On Jackson Financial

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

Jackson Financial Price Performance

Jackson Financial stock opened at $111.99 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.27 and a current ratio of 0.27. Jackson Financial has a 52 week low of $64.70 and a 52 week high of $123.61. The stock has a market capitalization of $7.61 billion, a P/E ratio of 15.49 and a beta of 1.45. The stock has a fifty day moving average of $111.46 and a 200-day moving average of $101.60.

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.