Jackson Financial Inc. (NYSE:JXN) Receives $115.80 Consensus Price Target from Brokerages

Shares of Jackson Financial Inc. (NYSE:JXN) have earned an average rating of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $115.80.

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

Jackson Financial Price Performance

JXN opened at $106.63 on Thursday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.49. Jackson Financial has a 12 month low of $82.65 and a 12 month high of $123.61. The company has a fifty day simple moving average of $108.94 and a 200 day simple moving average of $109.51. The stock has a market cap of $7.44 billion, a P/E ratio of -17.45 and a beta of 1.32.

Jackson Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be given a $0.90 dividend. The ex-dividend date is Thursday, June 11th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.4%. Jackson Financial’s dividend payout ratio is currently -58.92%.

Institutional Trading of Jackson Financial

Large investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC boosted its stake in Jackson Financial by 33.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 5,471 shares of the company’s stock worth $458,000 after purchasing an additional 1,363 shares during the period. Woodline Partners LP acquired a new position in Jackson Financial in the 1st quarter worth $4,081,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in 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 period. 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 during the period. Finally, Marshall Wace LLP acquired a new position in Jackson Financial in the 2nd quarter worth $986,000. Institutional investors own 89.96% of the company’s stock.

About Jackson Financial

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.