Jackson Financial (NYSE:JXN) Given New $118.00 Price Target at Barclays

Jackson Financial (NYSE:JXNGet Free Report) had its price target lifted by Barclays from $116.00 to $118.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target indicates a potential upside of 38.50% from the company’s current price.

Separately, Evercore ISI cut Jackson Financial from an “in-line” rating to an “underperform” rating and lifted their price target for the company from $74.00 to $95.00 in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $92.80.

Read Our Latest Research Report on Jackson Financial

Jackson Financial Trading Down 9.0 %

JXN traded down $8.38 during midday trading on Thursday, hitting $85.20. The company’s stock had a trading volume of 582,810 shares, compared to its average volume of 540,206. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.42. The firm has a market cap of $6.29 billion, a P/E ratio of -6.74 and a beta of 1.47. The firm has a 50-day moving average price of $91.26 and a two-hundred day moving average price of $92.62. Jackson Financial has a 52-week low of $48.00 and a 52-week high of $115.22.

Insider Transactions at Jackson Financial

In other news, Director Gregory T. Durant bought 1,500 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was acquired at an average price of $90.28 per share, for a total transaction of $135,420.00. Following the acquisition, the director now owns 32,023 shares of the company’s stock, valued at $2,891,036.44. This trade represents a 4.91 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.30% of the company’s stock.

Institutional Trading of Jackson Financial

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in Jackson Financial by 7.1% in the 4th quarter. GAMMA Investing LLC now owns 1,778 shares of the company’s stock worth $155,000 after acquiring an additional 118 shares during the period. Mutual of America Capital Management LLC boosted its holdings in Jackson Financial by 1.4% in the 3rd quarter. Mutual of America Capital Management LLC now owns 11,316 shares of the company’s stock worth $1,032,000 after acquiring an additional 159 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Jackson Financial by 0.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 50,707 shares of the company’s stock worth $4,416,000 after acquiring an additional 168 shares during the period. Caprock Group LLC boosted its holdings in Jackson Financial by 4.3% in the 4th quarter. Caprock Group LLC now owns 4,218 shares of the company’s stock worth $367,000 after acquiring an additional 173 shares during the period. Finally, IFP Advisors Inc boosted its holdings in Jackson Financial by 7.2% in the 4th quarter. IFP Advisors Inc now owns 2,692 shares of the company’s stock worth $234,000 after acquiring an additional 180 shares during the period. Hedge funds and other institutional investors own 89.96% of the company’s stock.

About Jackson Financial

(Get Free Report)

Jackson Financial Inc, through its subsidiaries, provides 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 payout annuities, as well as registered index-linked annuities and lifetime income solutions.

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