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

Jackson Financial Inc. (NYSE:JXN) has earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $115.80.

Several equities analysts have issued reports on the company. Barclays dropped their price objective on Jackson Financial from $138.00 to $136.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Keefe, Bruyette & Woods raised their price objective on Jackson Financial from $120.00 to $125.00 and gave the stock a “market perform” rating in a report on Wednesday, May 13th. Weiss Ratings lowered Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th. Finally, Wall Street Zen lowered Jackson Financial from a “buy” rating to a “hold” rating in a report on Saturday, April 11th.

Hedge Funds Weigh In On Jackson Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its holdings in shares of Jackson Financial by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 4,060,350 shares of the company’s stock worth $429,240,000 after buying an additional 18,740 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of Jackson Financial by 16.5% during the fourth quarter. Hsbc Holdings PLC now owns 1,550,942 shares of the company’s stock worth $166,476,000 after buying an additional 220,095 shares during the last quarter. American Century Companies Inc. boosted its holdings in Jackson Financial by 0.3% in the 3rd quarter. American Century Companies Inc. now owns 1,516,935 shares of the company’s stock valued at $153,559,000 after purchasing an additional 4,559 shares in the last quarter. Norges Bank purchased a new stake in Jackson Financial in the 4th quarter valued at approximately $129,878,000. Finally, Morgan Stanley boosted its holdings in Jackson Financial by 6.0% in the 4th quarter. Morgan Stanley now owns 1,196,405 shares of the company’s stock valued at $127,597,000 after purchasing an additional 67,796 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Jackson Financial Stock Performance

Shares of JXN stock opened at $108.00 on Thursday. The stock’s 50-day moving average is $108.56 and its two-hundred day moving average is $109.17. The firm has a market cap of $7.53 billion, a price-to-earnings ratio of -17.68 and a beta of 1.32. Jackson Financial has a 1 year low of $82.30 and a 1 year high of $123.61. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.27 and a current ratio of 0.27.

Jackson Financial Announces Dividend

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

Jackson Financial Company Profile

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.