Jackson Financial Inc. (NYSE:JXN) Given Consensus Rating of “Hold” by Analysts

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

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

Jackson Financial Price Performance

Jackson Financial stock opened at $111.99 on Friday. The company has a market capitalization of $7.61 billion, a price-to-earnings ratio of 15.49 and a beta of 1.45. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.47. Jackson Financial has a 12 month low of $64.70 and a 12 month high of $123.61. The stock’s 50 day moving average is $111.46 and its 200-day moving average is $101.60.

Hedge Funds Weigh In On Jackson Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC increased its position in shares of Jackson Financial by 25.5% in the fourth quarter. Sound Income Strategies LLC now owns 483 shares of the company’s stock worth $55,000 after purchasing an additional 98 shares during the period. Wetzel Investment Advisors Inc. grew its stake in Jackson Financial by 4.5% during the fourth quarter. Wetzel Investment Advisors Inc. now owns 2,300 shares of the company’s stock worth $245,000 after buying an additional 100 shares in the last quarter. Seeds Investor LLC increased its holdings in Jackson Financial by 4.5% in the 4th quarter. Seeds Investor LLC now owns 2,373 shares of the company’s stock valued at $253,000 after buying an additional 102 shares during the period. Samalin Investment Counsel LLC raised its position in shares of Jackson Financial by 2.0% in the 3rd quarter. Samalin Investment Counsel LLC now owns 5,370 shares of the company’s stock valued at $544,000 after buying an additional 104 shares in the last quarter. Finally, Triumph Capital Management raised its position in shares of Jackson Financial by 2.7% in the 4th quarter. Triumph Capital Management now owns 4,110 shares of the company’s stock valued at $438,000 after buying an additional 107 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

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.