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

Shares of Jackson Financial Inc. (NYSE:JXN) have earned an average recommendation of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $84.00.

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group raised their price objective on Jackson Financial from $73.00 to $80.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Evercore ISI downgraded Jackson Financial from an “in-line” rating to an “underperform” rating and increased their price target for the stock from $74.00 to $95.00 in a report on Thursday, November 14th. Keefe, Bruyette & Woods boosted their price objective on Jackson Financial from $80.00 to $82.00 and gave the company a “market perform” rating in a research note on Wednesday, August 14th. Barclays raised their target price on Jackson Financial from $109.00 to $111.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Finally, Morgan Stanley boosted their price target on Jackson Financial from $86.00 to $89.00 and gave the company an “equal weight” rating in a research note on Monday, August 19th.

Insider Buying and Selling at Jackson Financial

In other Jackson Financial news, EVP Carrie Chelko sold 5,500 shares of Jackson Financial stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $91.31, for a total value of $502,205.00. Following the sale, the executive vice president now 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.30% of the company’s stock.

Institutional Trading of Jackson Financial

Large investors have recently bought and sold shares of the company. Hantz Financial Services Inc. bought a new position in Jackson Financial in the 2nd quarter worth approximately $25,000. EverSource Wealth Advisors LLC lifted its holdings in Jackson Financial by 400.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 395 shares of the company’s stock worth $27,000 after purchasing an additional 316 shares in the last quarter. Blue Trust Inc. boosted its stake in Jackson Financial by 232.1% in the 3rd quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $34,000 after purchasing an additional 260 shares during the period. GAMMA Investing LLC increased its position in shares of Jackson Financial by 60.8% during the second quarter. GAMMA Investing LLC now owns 775 shares of the company’s stock valued at $58,000 after buying an additional 293 shares during the period. Finally, CWM LLC lifted its holdings 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. 89.96% of the stock is owned by hedge funds and other institutional investors.

Jackson Financial Stock Performance

Shares of JXN stock opened at $98.89 on Friday. 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 company has a 50-day simple moving average of $97.32 and a 200 day simple moving average of $85.30. Jackson Financial has a 52 week low of $45.57 and a 52 week high of $115.22. The company has a market capitalization of $7.30 billion, a price-to-earnings ratio of -7.82 and a beta of 1.48.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $4.60 EPS for the quarter, missing the consensus estimate of $4.67 by ($0.07). The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the prior year, the company posted $3.80 EPS. On average, sell-side analysts predict that Jackson Financial will post 18.8 earnings per share for the current year.

Jackson Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Thursday, December 5th. Jackson Financial’s dividend payout ratio (DPR) is presently -22.15%.

Jackson Financial declared that its board has authorized a stock repurchase program on Wednesday, August 7th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 10.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

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.