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

Jackson Financial Inc. (NYSE:JXN) has been given an average rating of “Hold” by the six ratings firms that are currently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $80.00.

A number of research analysts have issued reports on JXN shares. Morgan Stanley boosted their price target on Jackson Financial from $86.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Monday, August 19th. Barclays assumed coverage on shares of Jackson Financial in a report on Wednesday, September 4th. They issued an “overweight” rating and a $109.00 price objective for the company. Keefe, Bruyette & Woods boosted their price target on shares of Jackson Financial from $80.00 to $82.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 14th. Jefferies Financial Group upped their price target on shares of Jackson Financial from $73.00 to $80.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Finally, Evercore ISI dropped their target price on Jackson Financial from $75.00 to $73.00 and set an “in-line” rating on the stock in a report on Wednesday, June 26th.

Institutional Investors Weigh In On Jackson Financial

Several large investors have recently modified their holdings of JXN. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Jackson Financial during the second quarter valued at $297,000. Cetera Investment Advisers raised its holdings in Jackson Financial by 10.5% during the 2nd quarter. Cetera Investment Advisers now owns 63,707 shares of the company’s stock worth $4,731,000 after buying an additional 6,079 shares during the period. Lighthouse Investment Partners LLC purchased a new stake in Jackson Financial during the second quarter valued at about $1,564,000. AXA S.A. acquired a new position in shares of Jackson Financial in the second quarter worth about $5,688,000. Finally, Bank of Montreal Can increased its position in shares of Jackson Financial by 249.3% in the second quarter. Bank of Montreal Can now owns 34,300 shares of the company’s stock worth $2,570,000 after acquiring an additional 24,480 shares in the last quarter. 89.96% of the stock is owned by institutional investors.

Jackson Financial Stock Up 1.6 %

Jackson Financial stock opened at $83.60 on Friday. 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 company has a 50-day simple moving average of $82.91 and a 200-day simple moving average of $73.97. The firm has a market capitalization of $6.29 billion, a P/E ratio of 2.21 and a beta of 1.50. Jackson Financial has a one year low of $35.27 and a one year high of $90.10.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $5.32 EPS for the quarter, beating the consensus estimate of $4.32 by $1.00. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.71 billion. Jackson Financial’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.34 EPS. As a group, equities analysts expect that Jackson Financial will post 18.49 earnings per share for the current year.

Jackson Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th will be issued a $0.70 dividend. The ex-dividend date is Thursday, September 5th. This represents a $2.80 annualized dividend and a dividend yield of 3.35%. Jackson Financial’s dividend payout ratio is currently 7.40%.

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.