Jackson Financial Inc. (NYSE:JXN) Receives $80.33 Consensus Target Price from Brokerages

Shares of Jackson Financial Inc. (NYSE:JXN) have been given a consensus rating of “Hold” by the six analysts that are covering the company, Marketbeat reports. Five investment 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 $80.33.

JXN has been the topic of a number of analyst reports. Keefe, Bruyette & Woods increased their target price on Jackson Financial from $80.00 to $82.00 and gave the company a “market perform” rating in a report on Wednesday, August 14th. Jefferies Financial Group increased their target price on Jackson Financial from $73.00 to $80.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Barclays increased their target price on Jackson Financial from $109.00 to $111.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Finally, Morgan Stanley increased their target price on Jackson Financial from $86.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Monday, August 19th.

Jackson Financial Stock Performance

JXN opened at $102.78 on Monday. The stock has a market cap of $7.73 billion, a P/E ratio of 3.79 and a beta of 1.50. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.30 and a quick ratio of 0.30. The stock’s 50 day simple moving average is $91.16 and its 200 day simple moving average is $81.33. Jackson Financial has a 1-year low of $36.06 and a 1-year high of $104.05.

Jackson Financial (NYSE:JXN) last announced its earnings results on Wednesday, August 7th. The company reported $5.32 EPS for the quarter, beating analysts’ consensus estimates of $4.32 by $1.00. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.71 billion. Jackson Financial’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $3.34 EPS. As a group, equities analysts anticipate that Jackson Financial will post 18.78 EPS for the current fiscal year.

Jackson Financial declared that its board has approved a stock repurchase plan on Wednesday, August 7th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 10.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Jackson Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.72%. The ex-dividend date was Thursday, September 5th. Jackson Financial’s dividend payout ratio (DPR) is presently 10.34%.

Insider Buying and Selling at Jackson Financial

In other Jackson Financial news, EVP Carrie Chelko sold 5,500 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $91.31, for a total value of $502,205.00. Following the transaction, the executive vice president now directly owns 61,829 shares of the company’s stock, valued at $5,645,605.99. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Jackson Financial

Several large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its stake in shares of Jackson Financial by 3.8% during the second quarter. Dimensional Fund Advisors LP now owns 4,471,335 shares of the company’s stock valued at $332,035,000 after acquiring an additional 163,598 shares in the last quarter. Donald Smith & CO. Inc. grew its stake in Jackson Financial by 20.1% in the first quarter. Donald Smith & CO. Inc. now owns 2,376,476 shares of the company’s stock worth $157,180,000 after purchasing an additional 397,287 shares in the last quarter. American Century Companies Inc. grew its stake in Jackson Financial by 6.5% in the second quarter. American Century Companies Inc. now owns 1,623,071 shares of the company’s stock worth $120,529,000 after purchasing an additional 98,792 shares in the last quarter. Acadian Asset Management LLC grew its stake in Jackson Financial by 146.3% in the second quarter. Acadian Asset Management LLC now owns 1,219,218 shares of the company’s stock worth $90,525,000 after purchasing an additional 724,148 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in Jackson Financial by 6.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,106,063 shares of the company’s stock worth $73,155,000 after purchasing an additional 66,534 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Jackson Financial Company Profile

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.