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

Shares of Jackson Financial Inc. (NYSE:JXN) have been given an average recommendation of “Hold” by the five analysts that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $70.80.

JXN has been the topic of several analyst reports. Morgan Stanley lifted their price target on shares of Jackson Financial from $82.00 to $84.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 10th. Keefe, Bruyette & Woods cut shares of Jackson Financial from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $75.00 to $80.00 in a research note on Tuesday, May 14th. Evercore ISI lowered their target price on shares of Jackson Financial from $75.00 to $73.00 and set an “in-line” rating on the stock in a research note on Wednesday, June 26th. Finally, Jefferies Financial Group lifted their target price on shares of Jackson Financial from $62.00 to $70.00 and gave the company a “hold” rating in a research note on Friday, June 28th.

Jackson Financial Trading Down 2.6 %

Shares of Jackson Financial stock opened at $83.31 on Friday. The company’s fifty day simple moving average is $75.93 and its 200-day simple moving average is $65.39. The stock has a market capitalization of $6.35 billion, a PE ratio of 2.20 and a beta of 1.51. Jackson Financial has a 1-year low of $31.40 and a 1-year high of $86.09. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.32 and a quick ratio of 0.32.

Jackson Financial (NYSE:JXN) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $4.23 earnings per share for the quarter, topping the consensus estimate of $3.67 by $0.56. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.67 billion. The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.15 EPS. As a group, equities analysts anticipate that Jackson Financial will post 17.33 earnings per share for the current year.

Jackson Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th were issued a $0.70 dividend. The ex-dividend date was Thursday, June 6th. This represents a $2.80 dividend on an annualized basis and a yield of 3.36%. Jackson Financial’s dividend payout ratio is currently 7.40%.

Insider Buying and Selling at Jackson Financial

In other Jackson Financial news, COO Devkumar Dilip Ganguly sold 13,000 shares of Jackson Financial stock in a transaction on Friday, May 10th. The shares were sold at an average price of $75.67, for a total value of $983,710.00. Following the sale, the chief operating officer now directly owns 93,405 shares in the company, valued at approximately $7,067,956.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, COO Devkumar Dilip Ganguly sold 13,000 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $75.67, for a total value of $983,710.00. Following the sale, the chief operating officer now directly owns 93,405 shares in the company, valued at approximately $7,067,956.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Don W. Cummings bought 1,445 shares of Jackson Financial stock in a transaction dated Wednesday, June 5th. The stock was acquired at an average price of $72.70 per share, for a total transaction of $105,051.50. Following the completion of the acquisition, the chief financial officer now owns 45,711 shares in the company, valued at $3,323,189.70. 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

A number of large investors have recently made changes to their positions in JXN. EverSource Wealth Advisors LLC boosted its stake in shares of 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 during the period. GAMMA Investing LLC boosted its position in 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 buying an additional 154 shares during the period. Daiwa Securities Group Inc. purchased a new stake in Jackson Financial in the 4th quarter valued at about $36,000. Headlands Technologies LLC purchased a new stake in shares of Jackson Financial in the 4th quarter worth approximately $38,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of Jackson Financial in the 4th quarter worth approximately $57,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

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.