Jackson Financial Inc. (NYSE:JXN) Receives $115.60 Consensus Target Price from Analysts

Shares of Jackson Financial Inc. (NYSE:JXN) have been given an average recommendation of “Hold” by the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $115.60.

A number of brokerages have recently commented on JXN. Weiss Ratings reissued a “hold (c+)” rating on shares of Jackson Financial in a research report on Monday, December 29th. Morgan Stanley set a $105.00 price objective on Jackson Financial in a research report on Monday, December 15th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $123.00 price objective on shares of Jackson Financial in a research report on Thursday, March 26th. Wall Street Zen raised Jackson Financial from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Finally, Evercore set a $118.00 price objective on Jackson Financial and gave the stock an “in-line” rating in a research report on Tuesday, January 6th.

Hedge Funds Weigh In On Jackson Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP lifted its stake in Jackson Financial by 404.0% in the third quarter. Allworth Financial LP now owns 252 shares of the company’s stock valued at $26,000 after buying an additional 202 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in Jackson Financial in the third quarter valued at approximately $28,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Jackson Financial in the second quarter valued at approximately $30,000. Optiver Holding B.V. lifted its stake in Jackson Financial by 469.2% in the third quarter. Optiver Holding B.V. now owns 296 shares of the company’s stock valued at $30,000 after buying an additional 244 shares during the last quarter. Finally, Bayforest Capital Ltd lifted its stake in Jackson Financial by 541.2% in the third quarter. Bayforest Capital Ltd now owns 327 shares of the company’s stock valued at $33,000 after buying an additional 276 shares during the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Jackson Financial Stock Up 2.1%

NYSE JXN opened at $105.89 on Friday. Jackson Financial has a 52 week low of $64.70 and a 52 week high of $123.61. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.47. The business’s fifty day simple moving average is $110.72 and its 200-day simple moving average is $105.36. The firm has a market cap of $7.48 billion, a PE ratio of -302.53 and a beta of 1.45.

Jackson Financial (NYSE:JXN) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $6.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.90 by $0.71. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.92 billion. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted $4.65 earnings per share. As a group, equities analysts anticipate that Jackson Financial will post 20.55 earnings per share for the current year.

Jackson Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Monday, March 16th were issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 3.4%. This is a positive change from Jackson Financial’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Monday, March 16th. Jackson Financial’s dividend payout ratio is currently -1,028.57%.

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.