Shares of Jackson Financial Inc. (NYSE:JXN – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $133.80.
Several analysts have issued reports on the company. Weiss Ratings upgraded Jackson Financial from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 4th. Keefe, Bruyette & Woods lifted their target price on Jackson Financial from $130.00 to $140.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 5th. Wall Street Zen raised Jackson Financial from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Evercore set a $135.00 price target on Jackson Financial in a research note on Wednesday, August 5th. Finally, Barclays raised their price target on Jackson Financial from $139.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th.
Check Out Our Latest Report on JXN
Insider Transactions at Jackson Financial
Institutional Investors Weigh In On Jackson Financial
Hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System boosted its holdings in shares of Jackson Financial by 9,102.2% during the second quarter. California State Teachers Retirement System now owns 7,427,063 shares of the company’s stock worth $760,457,000 after acquiring an additional 7,346,353 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Jackson Financial by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 4,060,350 shares of the company’s stock worth $429,240,000 after purchasing an additional 18,740 shares during the period. Donald Smith & CO. Inc. acquired a new stake in Jackson Financial during the 2nd quarter worth approximately $183,186,000. Hsbc Holdings PLC lifted its holdings in Jackson Financial by 16.5% during the 4th quarter. Hsbc Holdings PLC now owns 1,550,942 shares of the company’s stock worth $166,476,000 after purchasing an additional 220,095 shares during the last quarter. Finally, Norges Bank bought a new stake in Jackson Financial in the 4th quarter valued at $129,878,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.
Jackson Financial Stock Down 0.4%
Jackson Financial stock opened at $133.69 on Tuesday. The firm has a market capitalization of $9.05 billion, a PE ratio of 188.30 and a beta of 1.30. The company’s 50-day moving average is $122.29 and its 200-day moving average is $113.39. Jackson Financial has a fifty-two week low of $89.67 and a fifty-two week high of $137.99. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.26 and a quick ratio of 0.26.
Jackson Financial (NYSE:JXN – Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported $7.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.72 by $1.58. Jackson Financial had a net margin of 1.59% and a return on equity of 18.93%. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.91 billion.
Jackson Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Tuesday, September 15th will be given a $0.90 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.60 annualized dividend and a dividend yield of 2.7%. Jackson Financial’s dividend payout ratio is presently 507.04%.
About Jackson Financial
Jackson Financial Inc is a U.S.-based financial services holding company headquartered in Lansing, Michigan. The company operates primarily through its principal subsidiary, Jackson National Life Insurance Company, and specializes in designing and distributing retirement products. Jackson Financial has been publicly traded on the New York Stock Exchange under the ticker JXN since its initial public offering in May 2022.
The company’s core offerings include a broad range of fixed, variable and indexed annuity products aimed at helping individuals preserve and grow retirement assets.
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