Jackson Financial Inc. (NYSE:JXN) Receives $61.80 Consensus Target Price from Analysts

Jackson Financial Inc. (NYSE:JXN) has received a consensus recommendation of “Hold” from the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $61.80.

A number of brokerages recently issued reports on JXN. Evercore ISI upped their target price on Jackson Financial from $55.00 to $62.00 and gave the company an “in-line” rating in a research report on Thursday, April 11th. Morgan Stanley lifted their price objective on shares of Jackson Financial from $52.00 to $70.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Jackson Financial from $68.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th.

Insider Buying and Selling

In other Jackson Financial news, Director Derek G. Kirkland acquired 3,500 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were purchased at an average price of $55.67 per share, with a total value of $194,845.00. Following the completion of the acquisition, the director now directly owns 37,726 shares of the company’s stock, valued at approximately $2,100,206.42. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its stake in shares of Jackson Financial by 47.0% during the 1st quarter. GAMMA Investing LLC now owns 482 shares of the company’s stock worth $32,000 after buying an additional 154 shares during the last quarter. Hexagon Capital Partners LLC raised its position in Jackson Financial by 18.1% during the first quarter. Hexagon Capital Partners LLC now owns 1,532 shares of the company’s stock worth $101,000 after acquiring an additional 235 shares during the last quarter. Asset Allocation Strategies LLC lifted its holdings in shares of Jackson Financial by 1.4% in the fourth quarter. Asset Allocation Strategies LLC now owns 17,310 shares of the company’s stock valued at $886,000 after purchasing an additional 242 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Jackson Financial by 18.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,640 shares of the company’s stock valued at $84,000 after purchasing an additional 250 shares in the last quarter. Finally, Private Trust Co. NA grew its position in shares of Jackson Financial by 10.2% in the fourth quarter. Private Trust Co. NA now owns 3,156 shares of the company’s stock valued at $162,000 after purchasing an additional 292 shares during the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Jackson Financial Trading Up 0.7 %

NYSE:JXN opened at $73.41 on Monday. The stock has a 50-day simple moving average of $64.87 and a 200-day simple moving average of $53.94. The stock has a market cap of $5.68 billion, a P/E ratio of 7.48 and a beta of 1.54. Jackson Financial has a 1 year low of $26.70 and a 1 year high of $73.97. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.33 and a current ratio of 0.33.

Jackson Financial (NYSE:JXN) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $2.53 earnings per share for the quarter, missing the consensus estimate of $3.53 by ($1.00). The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the company earned $5.66 EPS. The company’s revenue was up 3.3% on a year-over-year basis. As a group, analysts anticipate that Jackson Financial will post 15.95 earnings per share for the current fiscal year.

Jackson Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Tuesday, March 12th were issued a $0.70 dividend. This is an increase from Jackson Financial’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Monday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.81%. Jackson Financial’s payout ratio is presently 28.54%.

About Jackson Financial

Jackson Financial Inc, through its subsidiaries, provides suite of annuities to retail investors in the United States. The company operates through three segments: Retail Annuities, Institutional Products, and Closed Life and Annuity Blocks. The Retail Annuities segment offers various retirement income and savings products, including variable, fixed index, fixed, and payout annuities, as well as registered index-linked annuities and lifetime income solutions.