Jackson Financial Inc. (NYSE:JXN) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Jackson Financial Inc. (NYSE:JXN) have been given an average rating of “Moderate Buy” by the seven research firms that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $125.40.

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

Jackson Financial Trading Up 0.1%

JXN opened at $116.87 on Monday. The firm has a 50 day simple moving average of $108.03 and a 200 day simple moving average of $109.75. Jackson Financial has a fifty-two week low of $82.65 and a fifty-two week high of $123.61. The company has a market cap of $8.15 billion, a price-to-earnings ratio of -19.13 and a beta of 1.32. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.27 and a quick ratio of 0.27.

Jackson Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th were issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 3.1%. The ex-dividend date was Thursday, June 11th. Jackson Financial’s dividend payout ratio (DPR) is -58.92%.

Institutional Trading of Jackson Financial

Several hedge funds and other institutional investors have recently modified their holdings of JXN. Dimensional Fund Advisors LP grew its holdings in shares of Jackson Financial by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 4,060,350 shares of the company’s stock worth $429,240,000 after buying an additional 18,740 shares in the last quarter. Hsbc Holdings PLC boosted its stake in shares of Jackson Financial by 16.5% during the 4th quarter. Hsbc Holdings PLC now owns 1,550,942 shares of the company’s stock worth $166,476,000 after buying an additional 220,095 shares during the last quarter. Norges Bank bought a new stake in Jackson Financial during the fourth quarter worth about $129,878,000. Morgan Stanley raised its holdings in Jackson Financial by 6.0% during the fourth quarter. Morgan Stanley now owns 1,196,405 shares of the company’s stock worth $127,597,000 after acquiring an additional 67,796 shares in the last quarter. Finally, Federated Hermes Inc. boosted its position in Jackson Financial by 14.8% during the fourth quarter. Federated Hermes Inc. now owns 981,046 shares of the company’s stock valued at $104,629,000 after purchasing an additional 126,611 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

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.