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

Jackson Financial Inc. (NYSE:JXN) has received an average rating of “Hold” from the five brokerages that are presently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation. The average 1-year price target among analysts that have covered the stock in the last year is $68.00.

A number of equities research analysts have recently issued reports on JXN shares. Evercore ISI cut their price objective on shares of Jackson Financial from $75.00 to $73.00 and set an “in-line” rating for the company in a research note on Wednesday. Keefe, Bruyette & Woods cut shares of Jackson Financial from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $75.00 to $80.00 in a research note on Tuesday, May 14th. Jefferies Financial Group upped their price objective on shares of Jackson Financial from $62.00 to $70.00 and gave the company a “hold” rating in a research note on Friday. Finally, Morgan Stanley upped their price objective on shares of Jackson Financial from $52.00 to $70.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th.

Jackson Financial Price Performance

Shares of NYSE:JXN opened at $74.26 on Tuesday. The company’s fifty day moving average price is $73.43 and its 200-day moving average price is $61.89. The firm has a market capitalization of $5.66 billion, a price-to-earnings ratio of 1.96 and a beta of 1.54. Jackson Financial has a one year low of $29.28 and a one year high of $81.52. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.32 and a quick ratio of 0.32.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $4.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.67 by $0.56. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same period last year, the company posted $3.15 EPS. Jackson Financial’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, equities research analysts anticipate that Jackson Financial will post 16.98 earnings per share for the current fiscal year.

Jackson Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $2.80 annualized dividend and a yield of 3.77%. Jackson Financial’s payout ratio is currently 7.40%.

Insider Buying and Selling at Jackson Financial

In other Jackson Financial news, COO Devkumar Dilip Ganguly sold 13,000 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $75.67, for a total transaction of $983,710.00. Following the completion of the sale, the chief operating officer now owns 93,405 shares of the company’s stock, valued at approximately $7,067,956.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Jackson Financial news, COO Devkumar Dilip Ganguly sold 13,000 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $75.67, for a total value of $983,710.00. Following the completion of the transaction, the chief operating officer now directly owns 93,405 shares in the company, valued at approximately $7,067,956.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Don W. Cummings acquired 1,445 shares of the firm’s stock in a transaction on Wednesday, June 5th. The stock was bought at an average price of $72.70 per share, with a total value of $105,051.50. Following the completion of the acquisition, the chief financial officer now directly owns 45,711 shares in the company, valued at approximately $3,323,189.70. The disclosure for this purchase can be found here. 1.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in JXN. EverSource Wealth Advisors LLC increased its stake in shares of Jackson Financial by 400.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 395 shares of the company’s stock worth $27,000 after acquiring an additional 316 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Jackson Financial by 47.0% in the 1st quarter. GAMMA Investing LLC now owns 482 shares of the company’s stock worth $32,000 after acquiring an additional 154 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in shares of Jackson Financial in the 4th quarter worth about $36,000. Headlands Technologies LLC bought a new position in shares of Jackson Financial in the 4th quarter worth about $38,000. Finally, Valued Wealth Advisors LLC bought a new position in shares of Jackson Financial in the 1st quarter worth about $66,000. 89.96% of the stock is currently owned by institutional investors.

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.