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

Jackson Financial Inc. (NYSE:JXN) has received a consensus rating of “Hold” from the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $61.80.

Several research analysts recently issued reports on JXN shares. The Goldman Sachs Group increased their price target on shares of Jackson Financial from $39.00 to $47.00 and gave the stock a “neutral” rating in a report on Tuesday, January 9th. Evercore ISI raised their target price on Jackson Financial from $55.00 to $62.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. Keefe, Bruyette & Woods boosted their price objective on shares of Jackson Financial from $68.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Finally, Morgan Stanley boosted their price target on Jackson Financial from $52.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th.

Insider Activity at Jackson Financial

In other news, Director Derek G. Kirkland acquired 3,500 shares of Jackson Financial stock in a transaction that occurred on Monday, March 4th. The shares were purchased at an average cost of $55.67 per share, for a total transaction of $194,845.00. Following the completion of the purchase, the director now directly owns 37,726 shares of the company’s stock, valued at approximately $2,100,206.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Jackson Financial

Large investors have recently made changes to their positions in the business. NBC Securities Inc. acquired a new position in shares of Jackson Financial in the 3rd quarter valued at about $28,000. GAMMA Investing LLC lifted its stake in shares of Jackson Financial by 47.0% in the 1st quarter. GAMMA Investing LLC now owns 482 shares of the company’s stock valued at $32,000 after purchasing an additional 154 shares during the last quarter. Daiwa Securities Group Inc. acquired a new position in Jackson Financial during the fourth quarter worth $36,000. Headlands Technologies LLC acquired a new stake in Jackson Financial in the 4th quarter worth approximately $38,000. Finally, PNC Financial Services Group Inc. lifted its position in Jackson Financial by 291.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,025 shares of the company’s stock worth $39,000 after acquiring an additional 763 shares during the last quarter. Institutional investors own 89.96% of the company’s stock.

Jackson Financial Stock Performance

Shares of JXN stock opened at $71.16 on Monday. Jackson Financial has a 12 month low of $26.70 and a 12 month high of $71.66. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.41. The company has a market cap of $5.51 billion, a P/E ratio of 7.25 and a beta of 1.54. The firm has a fifty day moving average price of $63.70 and a 200 day moving average price of $53.33.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $2.53 earnings per share for the quarter, missing analysts’ consensus estimates of $3.53 by ($1.00). The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the business posted $5.66 earnings per share. Jackson Financial’s revenue was up 3.3% compared to the same quarter last year. Sell-side analysts predict that Jackson Financial will post 15.95 earnings per share for the current fiscal year.

Jackson Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Tuesday, March 12th were issued a $0.70 dividend. The ex-dividend date was Monday, March 11th. This represents a $2.80 dividend on an annualized basis and a yield of 3.93%. This is an increase from Jackson Financial’s previous quarterly dividend of $0.62. Jackson Financial’s dividend payout ratio is currently 28.54%.

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.