Jackson Financial Inc. (NYSE:JXN) Receives $113.00 Consensus Target Price from 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 investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $113.00.

Several analysts recently issued reports on JXN shares. Evercore set a $118.00 price target on Jackson Financial and gave the company an “in-line” rating in a research note on Tuesday, January 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of Jackson Financial in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Jackson Financial from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Morgan Stanley set a $105.00 target price on shares of Jackson Financial in a research report on Monday, December 15th. Finally, Barclays reiterated an “overweight” rating and issued a $137.00 price target on shares of Jackson Financial in a research note on Thursday, January 8th.

Jackson Financial Price Performance

NYSE:JXN opened at $104.68 on Tuesday. The company has a market cap of $7.40 billion, a P/E ratio of -299.08 and a beta of 1.46. The firm’s fifty day moving average price is $113.85 and its two-hundred day moving average price is $104.42. Jackson Financial has a one year low of $64.70 and a one year high of $123.61. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.27 and a quick ratio of 0.27.

Jackson Financial (NYSE:JXN) last released its quarterly earnings results on Wednesday, February 18th. The company reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.90 by $0.71. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the prior year, the company earned $4.65 earnings per share. The firm’s revenue was down 2.8% compared to the same quarter last year. Equities analysts expect that Jackson Financial will post 20.55 earnings per share for the current year.

Jackson Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Monday, March 16th will be given a dividend of $0.90 per share. This is a positive change from Jackson Financial’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Monday, March 16th. Jackson Financial’s dividend payout ratio (DPR) is currently -914.29%.

Hedge Funds Weigh In On Jackson Financial

Several hedge funds and other institutional investors have recently made changes to their positions in JXN. Allworth Financial LP lifted its holdings in Jackson Financial by 404.0% during the 3rd quarter. Allworth Financial LP now owns 252 shares of the company’s stock worth $26,000 after buying an additional 202 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in Jackson Financial during the 3rd quarter valued at approximately $28,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Jackson Financial during the 2nd quarter valued at approximately $30,000. Optiver Holding B.V. raised its holdings in Jackson Financial by 469.2% during the 3rd quarter. Optiver Holding B.V. now owns 296 shares of the company’s stock worth $30,000 after purchasing an additional 244 shares during the last quarter. Finally, Bayforest Capital Ltd raised its holdings in Jackson Financial by 541.2% during the 3rd quarter. Bayforest Capital Ltd now owns 327 shares of the company’s stock worth $33,000 after purchasing an additional 276 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

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.