Analysts Set Jackson Financial Inc. (NYSE:JXN) PT at $115.80

Jackson Financial Inc. (NYSE:JXN) has earned a consensus recommendation of “Hold” from the seven brokerages that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $115.80.

Several research analysts have issued reports on JXN shares. Keefe, Bruyette & Woods raised their target price on Jackson Financial from $120.00 to $125.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 13th. Weiss Ratings cut Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. Barclays lowered their price objective on Jackson Financial from $138.00 to $136.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Finally, Wall Street Zen cut Jackson Financial from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th.

Jackson Financial Trading Down 0.9%

Shares of NYSE:JXN opened at $102.99 on Friday. The stock has a market capitalization of $7.18 billion, a price-to-earnings ratio of -16.86 and a beta of 1.39. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.27 and a current ratio of 0.27. The stock’s 50-day simple moving average is $107.85 and its two-hundred day simple moving average is $107.91. Jackson Financial has a 52-week low of $80.25 and a 52-week high of $123.61.

Jackson Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Thursday, June 11th. Jackson Financial’s payout ratio is presently -58.92%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Allworth Financial LP lifted its position in shares of Jackson Financial by 404.0% during the 3rd quarter. Allworth Financial LP now owns 252 shares of the company’s stock valued at $26,000 after buying an additional 202 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in Jackson Financial during the 3rd quarter valued at approximately $28,000. Optiver Holding B.V. raised its stake in 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 during the period. Rothschild Investment LLC raised its stake in Jackson Financial by 79.9% during the 4th quarter. Rothschild Investment LLC now owns 322 shares of the company’s stock valued at $34,000 after purchasing an additional 143 shares during the period. Finally, Plato Investment Management Ltd bought a new stake in Jackson Financial during the 4th quarter valued at approximately $35,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

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.