Jackson Financial (NYSE:JXN) Given a $91.00 Price Target by Morgan Stanley Analysts

Jackson Financial (NYSE:JXN) received a $91.00 price target from Morgan Stanley in a report issued on Monday, MarketBeat.com reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 12.01% from the company’s current price.

Several other equities analysts have also issued reports on the company. Keefe, Bruyette & Woods lifted their price target on Jackson Financial from $90.00 to $100.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 13th. Barclays lifted their target price on shares of Jackson Financial from $106.00 to $108.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $94.80.

Jackson Financial Trading Down 0.2%

NYSE:JXN opened at $81.25 on Monday. The firm has a market capitalization of $5.90 billion, a P/E ratio of 7.10 and a beta of 1.50. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30. Jackson Financial has a one year low of $64.70 and a one year high of $115.22. The company’s 50-day simple moving average is $79.82 and its 200 day simple moving average is $88.38.

Jackson Financial (NYSE:JXN) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $5.10 EPS for the quarter, topping analysts’ consensus estimates of $4.93 by $0.17. The company had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $1.80 billion. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.23 earnings per share. As a group, analysts forecast that Jackson Financial will post 20.55 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Craig Donald Smith sold 20,607 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $69.52, for a total value of $1,432,598.64. Following the sale, the chief executive officer now owns 116,423 shares in the company, valued at approximately $8,093,726.96. This trade represents a 15.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Scott Romine sold 7,000 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $84.43, for a total transaction of $591,010.00. Following the sale, the chief executive officer now owns 85,276 shares of the company’s stock, valued at approximately $7,199,852.68. This represents a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of JXN. Raiffeisen Bank International AG grew its stake in shares of Jackson Financial by 11.7% during the 1st quarter. Raiffeisen Bank International AG now owns 1,270 shares of the company’s stock valued at $106,000 after purchasing an additional 133 shares during the period. CWM LLC boosted its stake in shares of Jackson Financial by 7.9% during the 1st quarter. CWM LLC now owns 1,975 shares of the company’s stock worth $165,000 after acquiring an additional 145 shares during the last quarter. Wealthcare Advisory Partners LLC grew its position in shares of Jackson Financial by 1.2% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 14,096 shares of the company’s stock valued at $1,181,000 after acquiring an additional 166 shares during the period. Xponance Inc. grew its position in shares of Jackson Financial by 2.5% during the 1st quarter. Xponance Inc. now owns 6,738 shares of the company’s stock valued at $565,000 after acquiring an additional 166 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in shares of 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 purchasing an additional 168 shares in the last quarter. Institutional investors own 89.96% of the company’s stock.

About Jackson Financial

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.