Jefferies Financial Group Upgrades Jackson Financial (NYSE:JXN) to Buy

Jackson Financial (NYSE:JXN) was upgraded by analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a report released on Friday, Marketbeat.com reports. The brokerage currently has a $140.00 target price on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 26.68% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods upped their target price on Jackson Financial from $120.00 to $125.00 and gave the stock a “market perform” rating in a report on Wednesday, May 13th. Weiss Ratings lowered Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 12th. Barclays boosted their price target on Jackson Financial from $136.00 to $139.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Wall Street Zen downgraded Jackson Financial from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Jackson Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.40.

Jackson Financial Stock Up 2.0%

Shares of JXN opened at $110.51 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.27 and a current ratio of 0.27. Jackson Financial has a 52 week low of $82.65 and a 52 week high of $123.61. The stock has a market capitalization of $7.71 billion, a price-to-earnings ratio of -18.09 and a beta of 1.32. The stock has a fifty day moving average of $108.00 and a 200-day moving average of $109.68.

Institutional Trading of Jackson Financial

Institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in shares of Jackson Financial by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,060,350 shares of the company’s stock valued at $429,240,000 after purchasing an additional 18,740 shares in the last quarter. Hsbc Holdings PLC increased 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 in the last quarter. Norges Bank bought a new stake in Jackson Financial in the fourth quarter worth approximately $129,878,000. Morgan Stanley lifted its stake in Jackson Financial by 6.0% in the fourth quarter. Morgan Stanley now owns 1,196,405 shares of the company’s stock valued at $127,597,000 after buying an additional 67,796 shares during the period. Finally, Federated Hermes Inc. lifted its stake in Jackson Financial by 14.8% in the fourth quarter. Federated Hermes Inc. now owns 981,046 shares of the company’s stock valued at $104,629,000 after buying an additional 126,611 shares during the period. 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.