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

Jackson Financial Inc. (NYSE:JXN) has been given a consensus rating of “Hold” by the seven ratings firms that are currently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $115.80.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Allworth Financial LP increased its stake in shares of Jackson Financial by 404.0% in the third quarter. Allworth Financial LP now owns 252 shares of the company’s stock valued at $26,000 after buying an additional 202 shares during the period. Cullen Frost Bankers Inc. acquired a new position in shares of Jackson Financial in the third quarter valued at approximately $28,000. Optiver Holding B.V. increased its stake in shares of Jackson Financial by 469.2% in the third quarter. Optiver Holding B.V. now owns 296 shares of the company’s stock valued at $30,000 after buying an additional 244 shares during the period. Rothschild Investment LLC increased its stake in shares of Jackson Financial by 79.9% in the fourth quarter. Rothschild Investment LLC now owns 322 shares of the company’s stock valued at $34,000 after buying an additional 143 shares during the period. Finally, Plato Investment Management Ltd acquired a new position in shares of Jackson Financial in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Jackson Financial Stock Down 1.0%

Shares of NYSE JXN opened at $107.12 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.49. The company has a market cap of $7.47 billion, a price-to-earnings ratio of -17.53 and a beta of 1.39. Jackson Financial has a 12 month low of $78.76 and a 12 month high of $123.61. The stock has a 50-day moving average price of $107.77 and a two-hundred day moving average price of $107.56.

Jackson Financial (NYSE:JXN) last issued its earnings results on Wednesday, February 18th. The company reported $6.61 EPS for the quarter, topping the consensus estimate of $5.90 by $0.71. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.92 billion. The firm’s revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.65 EPS.

Jackson Financial Dividend Announcement

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

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.