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

Jackson Financial Inc. (NYSE:JXN) has been given an average recommendation of “Hold” by the seven research firms that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $113.00.

JXN has been the topic of a number of research reports. Barclays reiterated an “overweight” rating and set a $137.00 target price on shares of Jackson Financial in a research report on Thursday, January 8th. Evercore ISI set a $118.00 price objective on Jackson Financial and gave the stock an “in-line” rating in a report on Tuesday, January 6th. Keefe, Bruyette & Woods increased their price objective on Jackson Financial from $105.00 to $110.00 and gave the company a “market perform” rating in a research report on Thursday, October 9th. Morgan Stanley set a $105.00 target price on Jackson Financial in a research note on Monday, December 15th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jackson Financial in a research note on Monday, December 29th.

Jackson Financial Price Performance

Jackson Financial stock opened at $113.44 on Monday. The business’s fifty day moving average is $103.50 and its two-hundred day moving average is $98.00. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a market cap of $7.71 billion, a P/E ratio of 15.69 and a beta of 1.44. Jackson Financial has a 52 week low of $64.70 and a 52 week high of $118.18.

Jackson Financial (NYSE:JXN) last released its quarterly earnings results on Tuesday, November 4th. The company reported $6.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.10 by $1.06. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the prior year, the firm earned $4.60 earnings per share. The business’s quarterly revenue was down 33.2% compared to the same quarter last year. Equities research analysts forecast that Jackson Financial will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were given a dividend of $0.80 per share. The ex-dividend date was Thursday, December 4th. This represents a $3.20 dividend on an annualized basis and a yield of 2.8%. Jackson Financial’s dividend payout ratio is presently 44.26%.

Institutional Investors Weigh In On Jackson Financial

Several institutional investors have recently modified their holdings of the business. Saxony Capital Management LLC acquired a new position in Jackson Financial in the fourth quarter valued at approximately $206,000. Allspring Global Investments Holdings LLC raised its position in shares of Jackson Financial by 1.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 124,084 shares of the company’s stock valued at $13,334,000 after acquiring an additional 1,600 shares during the last quarter. Brookstone Capital Management raised its position in shares of Jackson Financial by 8.9% during the 4th quarter. Brookstone Capital Management now owns 2,782 shares of the company’s stock valued at $297,000 after acquiring an additional 228 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Jackson Financial by 5.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 22,899 shares of the company’s stock valued at $2,442,000 after purchasing an additional 1,087 shares during the period. Finally, Pallas Capital Advisors LLC boosted its position in shares of Jackson Financial by 38.9% in the 4th quarter. Pallas Capital Advisors LLC now owns 3,414 shares of the company’s stock worth $364,000 after purchasing an additional 957 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

About Jackson Financial

Jackson Financial Inc is a U.S.-based financial services holding company headquartered in Lansing, Michigan. The company operates primarily through its principal subsidiary, Jackson National Life Insurance Company, and specializes in designing and distributing retirement products. Jackson Financial has been publicly traded on the New York Stock Exchange under the ticker JXN since its initial public offering in May 2022.

The company’s core offerings include a broad range of fixed, variable and indexed annuity products aimed at helping individuals preserve and grow retirement assets.