Jackson Financial Inc. (JXN) – What Are Brokerages Saying About This Stock?

Jackson Financial Inc. (NYSE:JXN) has received a consensus recommendation of “Hold” from the six ratings firms that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $134.20.

A number of research firms have weighed in on JXN. Barclays set a $151.00 target price on Jackson Financial in a report on Thursday, October 8th. Weiss Ratings upgraded Jackson Financial from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 4th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $140.00 price target on shares of Jackson Financial in a research report on Friday, September 18th. Evercore set a $135.00 price target on Jackson Financial in a research report on Wednesday, August 5th. Finally, Wall Street Zen raised Jackson Financial from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th.

Jackson Financial Trading Up 1.6%

Shares of JXN stock opened at $130.64 on Wednesday. The business has a 50-day moving average of $133.15 and a 200 day moving average of $119.57. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.26 and a quick ratio of 0.26. Jackson Financial has a 1-year low of $89.67 and a 1-year high of $140.90. The stock has a market capitalization of $8.85 billion, a PE ratio of 184.00 and a beta of 1.31.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings results on Monday, August 3rd. The company reported $7.30 earnings per share for the quarter, beating the consensus estimate of $5.72 by $1.58. Jackson Financial had a net margin of 1.59% and a return on equity of 18.93%. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.91 billion.

Jackson Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.90 per share. The ex-dividend date was Tuesday, September 15th. This represents a $3.60 dividend on an annualized basis and a yield of 2.8%. Jackson Financial’s payout ratio is presently 507.04%.

Insider Activity

In other news, EVP Carrie Chelko sold 7,500 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $134.24, for a total transaction of $1,006,800.00. Following the transaction, the executive vice president directly owned 80,914 shares of the company’s stock, valued at $10,861,895.36. This represents a 8.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Christopher Raub sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $130.69, for a total transaction of $653,450.00. Following the transaction, the chief executive officer directly owned 42,160 shares of the company’s stock, valued at $5,509,890.40. The trade was a 10.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.40% of the stock is owned by insiders.

Institutional Trading of Jackson Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Commonwealth Financial Services LLC bought a new position in Jackson Financial in the 3rd quarter worth $250,000. CWA Asset Management Group LLC lifted its position in Jackson Financial by 13.5% during the third quarter. CWA Asset Management Group LLC now owns 22,412 shares of the company’s stock valued at $2,898,000 after purchasing an additional 2,660 shares in the last quarter. SteelPeak Wealth LLC purchased a new position in Jackson Financial during the third quarter valued at $276,000. IFP Advisors Inc grew its holdings in Jackson Financial by 50.3% during the third quarter. IFP Advisors Inc now owns 2,909 shares of the company’s stock valued at $376,000 after purchasing an additional 974 shares during the period. Finally, Saxony Capital Management LLC bought a new stake in Jackson Financial during the third quarter valued at about $250,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Jackson Financial Company Profile

Jackson Financial Inc is a U.S.-based financial services company focused on helping individuals and institutions pursue retirement security. Through its operating subsidiaries, the company develops and distributes annuity products designed to provide income, investment growth opportunities and protection against certain retirement-related risks.

Jackson’s offerings include variable annuities, fixed annuities and fixed-indexed annuities, along with related retirement planning solutions.