Jackson Financial Inc. (NYSE:JXN) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Jackson Financial Inc. (NYSE:JXN) have received an average rating of “Hold” from the six analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $84.00.

Several equities research analysts have commented on JXN shares. Barclays upped their price target on Jackson Financial from $109.00 to $111.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Evercore ISI lowered shares of Jackson Financial from an “in-line” rating to an “underperform” rating and raised their price target for the company from $74.00 to $95.00 in a report on Thursday, November 14th.

Jackson Financial Price Performance

Jackson Financial stock opened at $89.10 on Tuesday. Jackson Financial has a 1 year low of $47.49 and a 1 year high of $115.22. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a 50 day moving average price of $98.97 and a 200 day moving average price of $88.53. The company has a market cap of $6.58 billion, a price-to-earnings ratio of -7.05 and a beta of 1.42.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $4.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.67 by ($0.07). The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the previous year, the company earned $3.80 earnings per share. Sell-side analysts predict that Jackson Financial will post 18.8 earnings per share for the current year.

Jackson Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $2.80 annualized dividend and a dividend yield of 3.14%. Jackson Financial’s payout ratio is currently -22.15%.

Insider Buying and Selling

In other news, Director Gregory T. Durant purchased 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were purchased at an average price of $90.28 per share, with a total value of $135,420.00. Following the purchase, the director now directly owns 32,023 shares of the company’s stock, valued at approximately $2,891,036.44. This represents a 4.91 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Jackson Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its stake in shares of Jackson Financial by 9,363.9% in the third quarter. International Assets Investment Management LLC now owns 942,039 shares of the company’s stock worth $85,942,000 after acquiring an additional 932,085 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Jackson Financial by 146.3% during the 2nd quarter. Acadian Asset Management LLC now owns 1,219,218 shares of the company’s stock valued at $90,525,000 after buying an additional 724,148 shares during the last quarter. Wedge Capital Management L L P NC acquired a new stake in shares of Jackson Financial during the third quarter worth approximately $40,795,000. LSV Asset Management increased its stake in shares of Jackson Financial by 2,459.7% in the second quarter. LSV Asset Management now owns 439,339 shares of the company’s stock worth $32,625,000 after buying an additional 422,175 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Jackson Financial by 40.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,050,903 shares of the company’s stock valued at $95,874,000 after acquiring an additional 300,520 shares in the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

About Jackson Financial

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.