Jackson Financial Inc. (NYSE:JXN) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Jackson Financial Inc. (NYSE:JXN) have been given a consensus rating of “Moderate Buy” by the seven research firms that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $126.40.

A number of research firms have issued reports on JXN. Keefe, Bruyette & Woods boosted their price objective on shares of Jackson Financial from $125.00 to $130.00 and gave the company a “market perform” rating in a research report on Monday, July 13th. Weiss Ratings lowered shares of Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th. Wall Street Zen cut Jackson Financial from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Barclays raised their target price on Jackson Financial from $136.00 to $139.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 7th. Finally, Jefferies Financial Group raised Jackson Financial from a “hold” rating to a “buy” rating and upped their price target for the company from $120.00 to $140.00 in a research report on Friday, July 10th.

Hedge Funds Weigh In On Jackson Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in JXN. Sound Income Strategies LLC increased its holdings in Jackson Financial by 25.5% in the 4th quarter. Sound Income Strategies LLC now owns 483 shares of the company’s stock worth $55,000 after buying an additional 98 shares in the last quarter. Wetzel Investment Advisors Inc. raised its position in Jackson Financial by 4.5% in the 4th quarter. Wetzel Investment Advisors Inc. now owns 2,300 shares of the company’s stock worth $245,000 after buying an additional 100 shares during the last quarter. Seeds Investor LLC lifted its stake in Jackson Financial by 4.5% during the 4th quarter. Seeds Investor LLC now owns 2,373 shares of the company’s stock valued at $253,000 after acquiring an additional 102 shares during the period. Triumph Capital Management lifted its stake in Jackson Financial by 2.7% during the 4th quarter. Triumph Capital Management now owns 4,110 shares of the company’s stock valued at $438,000 after acquiring an additional 107 shares during the period. Finally, CIBC Asset Management Inc boosted its holdings in shares of Jackson Financial by 1.7% during the 4th quarter. CIBC Asset Management Inc now owns 6,946 shares of the company’s stock valued at $741,000 after acquiring an additional 113 shares during the last quarter. Institutional investors own 89.96% of the company’s stock.

Jackson Financial Stock Up 0.2%

Shares of NYSE JXN opened at $125.95 on Monday. The firm’s fifty day moving average is $109.14 and its 200 day moving average is $110.28. Jackson Financial has a 52 week low of $82.65 and a 52 week high of $126.69. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.49. The company has a market cap of $8.78 billion, a price-to-earnings ratio of -20.61 and a beta of 1.32.

Jackson Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th were given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Thursday, June 11th. Jackson Financial’s dividend payout ratio (DPR) is currently -58.92%.

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.