Barclays Forecasts Strong Price Appreciation for Jackson Financial (NYSE:JXN) Stock

Jackson Financial (NYSE:JXN) had its price objective hoisted by Barclays from $116.00 to $118.00 in a research note released on Thursday,Benzinga reports. Barclays currently has an overweight rating on the stock.

Separately, Evercore ISI cut Jackson Financial from an “in-line” rating to an “underperform” rating and lifted their target price for the stock from $74.00 to $95.00 in a report 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 stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $92.80.

Jackson Financial Trading Down 9.0 %

NYSE JXN opened at $85.16 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30. The business has a 50 day simple moving average of $91.13 and a two-hundred day simple moving average of $92.57. Jackson Financial has a 1-year low of $48.00 and a 1-year high of $115.22.

Jackson Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th will be issued a $0.80 dividend. This is a boost from Jackson Financial’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.76%. Jackson Financial’s payout ratio is -22.15%.

Insider Activity at Jackson Financial

In other Jackson Financial news, Director Gregory T. Durant acquired 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was bought at an average price of $90.28 per share, for a total transaction of $135,420.00. Following the acquisition, the director now directly owns 32,023 shares in the company, valued at $2,891,036.44. The trade was a 4.91 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Jackson Financial

Large investors have recently bought and sold shares of the business. Empowered Funds LLC purchased a new position in Jackson Financial during the 4th quarter valued at $26,000. Quarry LP purchased a new position in Jackson Financial during the 4th quarter valued at $28,000. World Investment Advisors LLC bought a new stake in Jackson Financial during the 3rd quarter valued at $31,000. Blue Trust Inc. raised its position in Jackson Financial by 232.1% during the 3rd quarter. Blue Trust Inc. now owns 372 shares of the company’s stock valued at $34,000 after purchasing an additional 260 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in Jackson Financial during the 4th quarter valued at $44,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

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.