Jackson Financial Inc. (NYSE:JXN) Stock Has Average Price Target of $133.80

Shares of Jackson Financial Inc. (NYSE:JXN) have been assigned an average rating of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $133.80.

A number of research firms recently weighed in on JXN. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $140.00 target price on shares of Jackson Financial in a report on Friday, September 18th. Wall Street Zen raised shares of Jackson Financial from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Evercore set a $135.00 price objective on shares of Jackson Financial in a research report on Wednesday, August 5th. Weiss Ratings raised shares of Jackson Financial from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 4th. Finally, Jefferies Financial Group upgraded shares of Jackson Financial from a “hold” rating to a “buy” rating and boosted their target price for the stock from $120.00 to $140.00 in a report on Friday, July 10th.

Jackson Financial Price Performance

NYSE:JXN opened at $131.32 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. The company has a market capitalization of $8.89 billion, a P/E ratio of 184.96 and a beta of 1.31. Jackson Financial has a 12 month low of $89.67 and a 12 month high of $140.90. The business’s 50-day moving average is $132.22 and its 200 day moving average is $117.21.

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

Jackson Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Tuesday, September 15th were given a $0.90 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $3.60 annualized dividend and a yield of 2.7%. Jackson Financial’s dividend payout ratio (DPR) is currently 507.04%.

Insider Activity at Jackson Financial

In other Jackson Financial news, EVP Carrie Chelko sold 7,500 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president directly owned 80,914 shares of the company’s stock, valued at $10,861,895.36. The trade was a 8.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Christopher Raub sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $130.69, for a total value of $653,450.00. Following the sale, the chief executive officer owned 42,160 shares in the company, valued at approximately $5,509,890.40. This trade represents a 10.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Jackson Financial

Several large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its stake in Jackson Financial by 2.8% during the first quarter. Bank of New York Mellon Corp now owns 910,853 shares of the company’s stock worth $96,295,000 after buying an additional 24,747 shares during the period. Squarepoint Ops LLC raised its stake in shares of Jackson Financial by 96.6% in the second quarter. Squarepoint Ops LLC now owns 166,794 shares of the company’s stock valued at $17,078,000 after acquiring an additional 81,970 shares during the period. William John Sempolinski purchased a new stake in shares of Jackson Financial in the second quarter valued at $2,222,000. Renaissance Technologies LLC bought a new stake in shares of Jackson Financial in the 1st quarter worth about $10,836,000. Finally, Walleye Capital LLC purchased a new position in shares of Jackson Financial during the 1st quarter worth about $1,369,000. Institutional investors own 89.96% of the company’s stock.

About Jackson Financial

Jackson Financial Inc is a financial services company focused on retirement products and services in the United States. Through its subsidiaries, the company primarily develops and distributes annuities designed to help individuals accumulate, protect and generate income from retirement savings.

Jackson’s product offerings include variable annuities, fixed annuities, fixed indexed annuities and registered index-linked annuities. Its products are distributed primarily through financial professionals, including independent advisors, broker-dealers, banks and registered investment advisors.

The company traces its history to Jackson National Life Insurance Company, which was established in 1961.