Jackson Financial Inc. (NYSE:JXN) Receives $84.00 Consensus Target Price from Analysts

Jackson Financial Inc. (NYSE:JXN) has been given an average rating of “Hold” by the six brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $84.00.

Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods increased their target price on shares of Jackson Financial from $80.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 14th. Evercore ISI lowered shares of Jackson Financial from an “in-line” rating to an “underperform” rating and increased their target price for the stock from $74.00 to $95.00 in a research note on Thursday, November 14th. Morgan Stanley increased their target price on shares of Jackson Financial from $86.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Monday, August 19th. Finally, Barclays increased their target price on shares of Jackson Financial from $109.00 to $111.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th.

Insider Buying and Selling at Jackson Financial

In related news, EVP Carrie Chelko sold 5,500 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $91.31, for a total transaction of $502,205.00. Following the transaction, the executive vice president now directly owns 61,829 shares of the company’s stock, valued at $5,645,605.99. This trade represents a 8.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Asset Allocation Strategies LLC lifted its position in shares of Jackson Financial by 0.6% during the second quarter. Asset Allocation Strategies LLC now owns 18,926 shares of the company’s stock valued at $1,405,000 after purchasing an additional 119 shares in the last quarter. Mutual of America Capital Management LLC lifted its position in shares of Jackson Financial by 1.4% during the third quarter. Mutual of America Capital Management LLC now owns 11,316 shares of the company’s stock valued at $1,032,000 after purchasing an additional 159 shares in the last quarter. Private Advisor Group LLC increased its holdings in Jackson Financial by 1.2% during the second quarter. Private Advisor Group LLC now owns 14,962 shares of the company’s stock worth $1,111,000 after buying an additional 178 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Jackson Financial by 2.0% in the second quarter. International Assets Investment Management LLC now owns 9,954 shares of the company’s stock worth $739,000 after purchasing an additional 199 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Jackson Financial by 232.1% in the third quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $34,000 after purchasing an additional 260 shares in the last quarter. 89.96% of the stock is owned by institutional investors.

Jackson Financial Trading Down 0.8 %

JXN opened at $102.40 on Friday. Jackson Financial has a twelve month low of $46.05 and a twelve month high of $115.22. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.42. The company has a fifty day moving average of $98.39 and a 200-day moving average of $85.95. The stock has a market cap of $7.56 billion, a PE ratio of -8.10 and a beta of 1.48.

Jackson Financial (NYSE:JXN) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $4.60 earnings per share for the quarter, missing the consensus estimate of $4.67 by ($0.07). The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the previous year, the business posted $3.80 EPS. On average, sell-side analysts predict that Jackson Financial will post 18.8 EPS for the current year.

Jackson Financial declared that its board has authorized a share repurchase plan on Wednesday, August 7th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 10.8% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Jackson Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Thursday, December 5th. Jackson Financial’s dividend payout ratio (DPR) is -22.15%.

About Jackson Financial

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.