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

Shares of Jackson Financial Inc. (NYSE:JXN) have earned a consensus rating of “Hold” from the seven analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $109.60.

A number of equities research analysts have commented on JXN shares. Zacks Research raised Jackson Financial from a “hold” rating to a “strong-buy” rating in a report on Monday, October 13th. Barclays upped their target price on shares of Jackson Financial from $125.00 to $128.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Keefe, Bruyette & Woods lifted their price target on shares of Jackson Financial from $105.00 to $110.00 and gave the company a “market perform” rating in a research report on Thursday, October 9th. Weiss Ratings restated a “hold (c+)” rating on shares of Jackson Financial in a report on Monday. Finally, Morgan Stanley set a $105.00 price objective on Jackson Financial in a research note on Monday, December 15th.

Jackson Financial Stock Performance

Shares of JXN opened at $108.50 on Thursday. The stock has a market capitalization of $7.37 billion, a P/E ratio of 15.01 and a beta of 1.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.27 and a current ratio of 0.27. Jackson Financial has a 1 year low of $64.70 and a 1 year high of $109.16. The company’s fifty day moving average is $98.70 and its two-hundred day moving average is $94.84.

Jackson Financial (NYSE:JXN) last issued its quarterly earnings results on Wednesday, March 22nd. The company reported $6.26 earnings per share (EPS) for the quarter. The business had revenue of ($1,162.00) million for the quarter. Jackson Financial had a net margin of 1.73% and a return on equity of 15.73%. On average, sell-side analysts predict that Jackson Financial will post 20.55 earnings per share for the current year.

Jackson Financial declared that its board has initiated a stock repurchase program on Thursday, September 18th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to reacquire up to 14.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Jackson Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, December 4th. Jackson Financial’s payout ratio is 44.26%.

Hedge Funds Weigh In On Jackson Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Samalin Investment Counsel LLC boosted its stake in Jackson Financial by 2.0% in the 3rd quarter. Samalin Investment Counsel LLC now owns 5,370 shares of the company’s stock worth $544,000 after buying an additional 104 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Jackson Financial by 11.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,142 shares of the company’s stock worth $117,000 after acquiring an additional 114 shares during the period. Integrated Wealth Concepts LLC boosted its position in shares of Jackson Financial by 2.7% in the third quarter. Integrated Wealth Concepts LLC now owns 4,833 shares of the company’s stock worth $489,000 after acquiring an additional 128 shares during the last quarter. Bessemer Group Inc. grew its holdings in Jackson Financial by 46.9% in the third quarter. Bessemer Group Inc. now owns 404 shares of the company’s stock valued at $41,000 after purchasing an additional 129 shares during the period. Finally, Hantz Financial Services Inc. increased its position in Jackson Financial by 23.5% during the third quarter. Hantz Financial Services Inc. now owns 689 shares of the company’s stock worth $70,000 after purchasing an additional 131 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

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.