Jackson Financial (NYSE:JXN) Given New $125.00 Price Target at Keefe, Bruyette & Woods

Jackson Financial (NYSE:JXN) had its price target lifted by Keefe, Bruyette & Woods from $120.00 to $125.00 in a research note released on Wednesday morning,Benzinga reports. They currently have a market perform rating on the stock.

A number of other equities analysts have also commented on JXN. Wall Street Zen lowered Jackson Financial from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Barclays dropped their price objective on Jackson Financial from $138.00 to $136.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $115.80.

Jackson Financial Price Performance

Shares of NYSE:JXN opened at $108.22 on Wednesday. Jackson Financial has a fifty-two week low of $78.76 and a fifty-two week high of $123.61. The business has a 50-day moving average of $107.90 and a two-hundred day moving average of $107.11. The stock has a market capitalization of $7.62 billion, a P/E ratio of -17.71 and a beta of 1.39. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.27 and a quick ratio of 0.27.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $6.61 earnings per share for the quarter, topping analysts’ consensus estimates of $5.90 by $0.71. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same period in the prior year, the firm earned $4.65 EPS. Jackson Financial’s quarterly revenue was down 2.8% on a year-over-year basis.

Jackson Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 3.3%. The ex-dividend date is Thursday, June 11th. Jackson Financial’s payout ratio is currently -58.92%.

Hedge Funds Weigh In On Jackson Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in JXN. Integrated Wealth Concepts LLC increased its stake in Jackson Financial by 33.2% during the first quarter. Integrated Wealth Concepts LLC now owns 5,471 shares of the company’s stock valued at $458,000 after acquiring an additional 1,363 shares during the period. Woodline Partners LP bought a new position in Jackson Financial during the first quarter valued at about $4,081,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Jackson Financial by 3.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 210,836 shares of the company’s stock valued at $17,664,000 after acquiring an additional 7,380 shares during the period. EverSource Wealth Advisors LLC increased its stake in Jackson Financial by 55.5% during the second quarter. EverSource Wealth Advisors LLC now owns 911 shares of the company’s stock valued at $81,000 after acquiring an additional 325 shares during the period. Finally, Marshall Wace LLP bought a new position in Jackson Financial during the second quarter valued at about $986,000. 89.96% of the stock is currently owned by institutional investors.

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.