Jackson Financial (NYSE:JXN) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Jackson Financial Inc. (NYSE:JXN) shares crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $133.49 and traded as high as $137.36. Jackson Financial shares last traded at $135.7210, with a volume of 836,412 shares traded.

Analyst Ratings Changes

A number of brokerages have commented on JXN. Evercore set a $135.00 price target on Jackson Financial in a research report on Wednesday, August 5th. Wall Street Zen lowered Jackson Financial from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings restated a “hold (c)” rating on shares of Jackson Financial in a research note on Monday, November 2nd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $140.00 target price on shares of Jackson Financial in a report on Friday, September 18th. Finally, Barclays lifted their target price on Jackson Financial from $151.00 to $154.00 and gave the stock an “overweight” rating in a report on Wednesday, November 4th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $134.80.

Jackson Financial Stock Up 3.1%

The business’s 50 day moving average price is $133.49 and its 200-day moving average price is $118.74. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.26 and a current ratio of 0.22. The firm has a market capitalization of $9.19 billion, a PE ratio of 11.16 and a beta of 1.34.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $7.55 EPS for the quarter, beating the consensus estimate of $7.24 by $0.31. Jackson Financial had a net margin of 13.41% and a return on equity of 20.46%. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.07 billion.

Jackson Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Thursday, December 3rd. Jackson Financial’s payout ratio is presently 29.61%.

Insider Activity at Jackson Financial

In related news, CEO Christopher Raub sold 5,000 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $130.69, for a total value of $653,450.00. Following the completion of the transaction, the chief executive officer directly owned 42,160 shares in the company, valued at approximately $5,509,890.40. This represents a 10.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Jackson Financial

A number of hedge funds have recently bought and sold shares of the business. Signature Equity Partners LLC purchased a new position in shares of Jackson Financial during the 1st quarter valued at approximately $38,000. Root Financial Partners LLC acquired a new stake in shares of Jackson Financial during the third quarter worth approximately $61,000. Addison Advisors LLC acquired a new stake in shares of Jackson Financial during the third quarter worth approximately $71,000. Allworth Financial LP increased its stake in shares of Jackson Financial by 22.7% in the second quarter. Allworth Financial LP now owns 573 shares of the company’s stock worth $59,000 after buying an additional 106 shares during the last quarter. Finally, Continuum Advisory LLC bought a new stake in shares of Jackson Financial in the second quarter worth $59,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Jackson Financial Company Profile

Jackson Financial Inc is a U.S. financial services company focused on retirement planning. Through its subsidiaries, including Jackson National Life Insurance Company, it offers annuity products designed to help individuals build and manage retirement income. Its offerings include variable, fixed, fixed-indexed and registered index-linked annuities.

The company serves individuals and financial professionals across the United States, distributing its products through a network of independent financial advisers and other financial services firms.