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

Jackson Financial Inc. (NYSE:JXN) has earned an average recommendation of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $133.80.

JXN has been the subject of a number of research analyst reports. Barclays raised their target price on Jackson Financial from $139.00 to $149.00 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. Wall Street Zen raised Jackson Financial from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Jefferies Financial Group upgraded Jackson Financial from a “hold” rating to a “buy” rating and increased their price objective for the stock from $120.00 to $140.00 in a report on Friday, July 10th. Keefe, Bruyette & Woods raised their price objective on Jackson Financial from $130.00 to $140.00 and gave the company a “market perform” rating in a research report on Wednesday, August 5th. Finally, Evercore set a $135.00 target price on shares of Jackson Financial in a report on Wednesday, August 5th.

Insider Activity

In related news, CEO Christopher Raub sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $130.69, for a total transaction of $653,450.00. Following the sale, the chief executive officer owned 42,160 shares of the company’s stock, valued at $5,509,890.40. The trade was a 10.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Carrie Chelko sold 7,500 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $134.24, for a total transaction of $1,006,800.00. Following the completion of the sale, the executive vice president owned 80,914 shares in the company, valued at approximately $10,861,895.36. This trade represents a 8.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.40% of the company’s stock.

Institutional Trading of Jackson Financial

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC raised its stake in Jackson Financial by 33.2% during the first quarter. Integrated Wealth Concepts LLC now owns 5,471 shares of the company’s stock valued at $458,000 after buying an additional 1,363 shares during the last quarter. Woodline Partners LP bought a new position in shares of Jackson Financial during the first quarter valued at $4,081,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Jackson Financial by 3.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 210,836 shares of the company’s stock worth $17,664,000 after purchasing an additional 7,380 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Jackson Financial by 55.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 911 shares of the company’s stock worth $81,000 after purchasing an additional 325 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in Jackson Financial during the 2nd quarter valued at about $986,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Jackson Financial Stock Up 3.0%

Shares of NYSE JXN opened at $134.64 on Friday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.53. Jackson Financial has a 12 month low of $89.67 and a 12 month high of $137.99. The firm has a market capitalization of $9.12 billion, a PE ratio of 189.63 and a beta of 1.30. The firm has a fifty day simple moving average of $116.37 and a two-hundred day simple moving average of $112.13.

Jackson Financial (NYSE:JXN) last announced its earnings results on Monday, August 3rd. The company reported $7.30 earnings per share for the quarter, beating analysts’ consensus estimates of $5.72 by $1.58. Jackson Financial had a net margin of 1.59% and a return on equity of 18.93%. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.91 billion.

Jackson Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Tuesday, September 15th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Jackson Financial’s dividend payout ratio (DPR) is 507.04%.

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.