Jackson Financial Inc. (NYSE:JXN – Get Free Report) shares crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $133.49 and traded as high as $137.36. Jackson Financial shares last traded at $135.7210, with a volume of 836,412 shares traded.
Wall Street Analysts Forecast Growth
JXN has been the subject of a number of research reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $140.00 price objective on shares of Jackson Financial in a research note on Friday, September 18th. Wall Street Zen lowered shares of Jackson Financial from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Jackson Financial in a report on Monday, November 2nd. Barclays upped their price target on shares of Jackson Financial from $151.00 to $154.00 and gave the company an “overweight” rating in a research report on Wednesday, November 4th. Finally, Evercore set a $135.00 price target on shares of Jackson Financial in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Jackson Financial has a consensus rating of “Hold” and an average price target of $134.80.
View Our Latest Research Report on Jackson Financial
Jackson Financial Trading Up 1.0%
The company has a market cap of $9.45 billion, a price-to-earnings ratio of 5.04 and a beta of 1.34. The business has a fifty day simple moving average of $133.71 and a 200 day simple moving average of $118.99. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.62.
Jackson Financial (NYSE:JXN – Get Free Report) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $7.55 EPS for the quarter, topping analysts’ consensus estimates of $7.24 by $0.31. Jackson Financial had a net margin of 13.41% and a return on equity of 20.46%. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.07 billion.
Jackson Financial Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, December 3rd. This represents a $3.60 annualized dividend and a dividend yield of 2.6%. Jackson Financial’s payout ratio is 29.61%.
Hedge Funds Weigh In On Jackson Financial
Several hedge funds have recently bought and sold shares of JXN. Donald Smith & CO. Inc. purchased a new stake in Jackson Financial during the second quarter worth $183,186,000. Bank of New York Mellon Corp purchased a new position in shares of Jackson Financial in the second quarter valued at $66,639,000. Bessemer Group Inc. raised its stake in shares of Jackson Financial by 255.4% during the 3rd quarter. Bessemer Group Inc. now owns 344,747 shares of the company’s stock worth $44,581,000 after buying an additional 247,737 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Jackson Financial by 31.6% during the 1st quarter. Janus Henderson Group PLC now owns 484,713 shares of the company’s stock worth $51,290,000 after buying an additional 116,436 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Jackson Financial during the 1st quarter worth $10,836,000. 89.96% of the stock is owned by hedge funds and other institutional investors.
Jackson Financial Company Profile
Jackson Financial Inc. is a U.S. financial services company focused on retirement planning. Through its subsidiaries, including Jackson National Life Insurance Company, it offers annuity products designed to help individuals build and manage retirement income. Its offerings include variable, fixed, fixed-indexed and registered index-linked annuities. The company serves individuals and financial professionals across the United States, distributing its products through a network of independent financial advisers and other financial services firms.
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