Jackson Financial Inc. (NYSE:JXN) Given Average Rating of “Hold” by Analysts

Jackson Financial Inc. (NYSE:JXN) has been assigned a consensus rating of “Hold” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $108.80.

A number of equities research analysts have commented on JXN shares. Evercore ISI raised their price objective on Jackson Financial from $100.00 to $110.00 and gave the stock an “underperform” rating in a research report on Thursday, October 9th. Barclays raised their price target on shares of Jackson Financial from $125.00 to $128.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Zacks Research upgraded shares of Jackson Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. Jefferies Financial Group lifted their target price on shares of Jackson Financial from $88.00 to $95.00 and gave the company a “hold” rating in a research note on Monday, August 11th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jackson Financial in a research note on Tuesday.

Jackson Financial Trading Up 0.2%

NYSE JXN opened at $98.01 on Friday. The firm’s 50 day moving average price is $97.66 and its two-hundred day moving average price is $92.27. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.27 and a current ratio of 0.27. Jackson Financial has a twelve month low of $64.70 and a twelve month high of $104.61. The stock has a market cap of $6.66 billion, a price-to-earnings ratio of 13.56 and a beta of 1.45.

Jackson Financial (NYSE:JXN) last issued its earnings results on Wednesday, March 22nd. The company reported $6.26 EPS for the quarter. Jackson Financial had a return on equity of 15.73% and a net margin of 1.73%.The business had revenue of ($1,162.00) million during the quarter. Equities analysts anticipate that Jackson Financial will post 20.55 EPS for the current year.

Jackson Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.3%. Jackson Financial’s dividend payout ratio (DPR) is 44.26%.

Jackson Financial announced that its board has authorized a share buyback program on Thursday, September 18th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to repurchase up to 14.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Jackson Financial

A number of hedge funds have recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new stake in Jackson Financial in the third quarter valued at approximately $28,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Jackson Financial during the 2nd quarter valued at $30,000. Optiver Holding B.V. raised its holdings in shares of Jackson Financial by 469.2% during the 3rd quarter. Optiver Holding B.V. now owns 296 shares of the company’s stock valued at $30,000 after purchasing an additional 244 shares in the last quarter. Bayforest Capital Ltd lifted its stake in shares of Jackson Financial by 541.2% in the 3rd quarter. Bayforest Capital Ltd now owns 327 shares of the company’s stock valued at $33,000 after purchasing an additional 276 shares during the last quarter. Finally, Salomon & Ludwin LLC bought a new stake in Jackson Financial in the third quarter worth $34,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

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.