Jackson Financial (NYSE:JXN) Price Target Raised to $118.00

Jackson Financial (NYSE:JXN) had its price target boosted by Barclays from $116.00 to $118.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Separately, Evercore ISI cut Jackson Financial from an “in-line” rating to an “underperform” rating and upped their price target for the company from $74.00 to $95.00 in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $92.80.

Jackson Financial Stock Performance

Jackson Financial stock opened at $81.63 on Thursday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46. Jackson Financial has a 1 year low of $48.00 and a 1 year high of $115.22. The company has a market cap of $6.03 billion, a PE ratio of 7.13 and a beta of 1.47. The company’s 50-day moving average is $90.93 and its two-hundred day moving average is $92.79.

Jackson Financial (NYSE:JXN) last released its earnings results on Wednesday, February 19th. The company reported $4.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.72 by ($0.07). The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. Equities analysts anticipate that Jackson Financial will post 20.55 earnings per share for the current year.

Jackson Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th will be paid a $0.80 dividend. The ex-dividend date is Tuesday, March 11th. This is a boost from Jackson Financial’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.92%. Jackson Financial’s dividend payout ratio is 24.45%.

Insider Activity

In other Jackson Financial news, Director Gregory T. Durant bought 1,500 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average cost of $90.28 per share, with a total value of $135,420.00. Following the purchase, the director now owns 32,023 shares in the company, valued at $2,891,036.44. This trade represents a 4.91 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is currently owned by company insiders.

Institutional Trading of Jackson Financial

A number of large investors have recently bought and sold shares of JXN. CWM LLC increased its stake in Jackson Financial by 62.0% during the 3rd quarter. CWM LLC now owns 1,660 shares of the company’s stock worth $151,000 after purchasing an additional 635 shares in the last quarter. Creative Planning increased its stake in Jackson Financial by 10.2% during the 3rd quarter. Creative Planning now owns 4,041 shares of the company’s stock worth $369,000 after purchasing an additional 373 shares in the last quarter. Blue Trust Inc. increased its stake in Jackson Financial by 232.1% during the 3rd 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. Sequoia Financial Advisors LLC bought a new stake in Jackson Financial during the 3rd quarter worth approximately $244,000. Finally, Private Advisor Group LLC increased its stake in Jackson Financial by 10.5% during the 3rd quarter. Private Advisor Group LLC now owns 16,537 shares of the company’s stock worth $1,509,000 after purchasing an additional 1,575 shares in the last quarter. 89.96% of the stock is owned by institutional investors.

Jackson Financial Company Profile

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.