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

Jackson Financial Inc. (NYSE:JXN) has received an average recommendation of “Hold” from the six analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $84.00.

Several brokerages have issued reports on JXN. Barclays lifted their target price on shares of Jackson Financial from $109.00 to $111.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Evercore ISI lowered shares of Jackson Financial from an “in-line” rating to an “underperform” rating and upped their target price for the stock from $74.00 to $95.00 in a research report on Thursday, November 14th. Finally, Morgan Stanley raised their price target on Jackson Financial from $86.00 to $89.00 and gave the company an “equal weight” rating in a research report on Monday, August 19th.

Insider Buying and Selling

In other Jackson Financial news, EVP Carrie Chelko sold 5,500 shares of Jackson Financial stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $91.31, for a total transaction of $502,205.00. Following the sale, the executive vice president now directly owns 61,829 shares of the company’s stock, valued at approximately $5,645,605.99. The trade was a 8.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gregory T. Durant bought 1,500 shares of the stock in a transaction dated Wednesday, December 11th. The stock was purchased at an average price of $90.28 per share, with a total value of $135,420.00. Following the purchase, the director now owns 32,023 shares in the company, valued at $2,891,036.44. This trade represents a 4.91 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Jackson Financial

Institutional investors and hedge funds have recently made changes to their positions in the business. Hantz Financial Services Inc. bought a new position in shares of Jackson Financial during the second quarter valued at $25,000. Blue Trust Inc. raised its holdings in Jackson Financial by 232.1% in the third quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $34,000 after buying an additional 260 shares during the last quarter. CWM LLC lifted its stake in shares of Jackson Financial by 80.5% in the second quarter. CWM LLC now owns 1,025 shares of the company’s stock worth $76,000 after buying an additional 457 shares in the last quarter. Farmers & Merchants Investments Inc. grew its holdings in shares of Jackson Financial by 2,173.9% during the second quarter. Farmers & Merchants Investments Inc. now owns 1,046 shares of the company’s stock valued at $78,000 after buying an additional 1,000 shares during the last quarter. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of Jackson Financial during the third quarter valued at approximately $141,000. Institutional investors own 89.96% of the company’s stock.

Jackson Financial Stock Performance

NYSE:JXN opened at $92.43 on Tuesday. Jackson Financial has a 52-week low of $47.49 and a 52-week high of $115.22. The business’s fifty day moving average is $100.13 and its 200 day moving average is $87.93. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a market cap of $6.83 billion, a price-to-earnings ratio of -7.31 and a beta of 1.42.

Jackson Financial (NYSE:JXN) last posted its earnings results on Wednesday, November 6th. The company reported $4.60 earnings per share for the quarter, missing analysts’ consensus estimates of $4.67 by ($0.07). The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the previous year, the business earned $3.80 earnings per share. Research analysts predict that Jackson Financial will post 18.8 EPS for the current year.

Jackson Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a $0.70 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.03%. Jackson Financial’s dividend payout ratio is currently -22.15%.

Jackson Financial Company Profile

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.