Jackson Financial Inc. (NYSE:JXN) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Jackson Financial Inc. (NYSE:JXN) have earned an average recommendation of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $133.80.

Several research firms have commented on JXN. Weiss Ratings raised shares of Jackson Financial from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 4th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $140.00 target price on shares of Jackson Financial in a report on Friday, September 18th. Barclays lifted their price target on shares of Jackson Financial from $139.00 to $149.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. Wall Street Zen upgraded shares of Jackson Financial from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Evercore set a $135.00 price objective on shares of Jackson Financial in a research report on Wednesday, August 5th.

Insider Buying and Selling

In related news, CEO Christopher Raub sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $130.69, for a total transaction of $653,450.00. Following the completion of the sale, the chief executive officer directly owned 42,160 shares of the company’s stock, valued at approximately $5,509,890.40. This trade represents a 10.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Carrie Chelko sold 7,500 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $134.24, for a total value of $1,006,800.00. Following the transaction, the executive vice president owned 80,914 shares of the company’s stock, valued at approximately $10,861,895.36. The trade was a 8.48% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of Jackson Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of JXN. Rothschild Investment LLC lifted its position in shares of Jackson Financial by 79.9% during the fourth quarter. Rothschild Investment LLC now owns 322 shares of the company’s stock worth $34,000 after purchasing an additional 143 shares during the last quarter. Signature Equity Partners LLC bought a new position in shares of Jackson Financial in the first quarter worth about $38,000. Root Financial Partners LLC grew its holdings in shares of Jackson Financial by 46.4% in the first quarter. Root Financial Partners LLC now owns 401 shares of the company’s stock worth $42,000 after purchasing an additional 127 shares during the last quarter. Allworth Financial LP increased its stake in Jackson Financial by 22.7% in the 2nd quarter. Allworth Financial LP now owns 573 shares of the company’s stock worth $59,000 after buying an additional 106 shares during the period. Finally, Continuum Advisory LLC purchased a new position in Jackson Financial in the 2nd quarter worth about $59,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Jackson Financial Price Performance

NYSE:JXN opened at $132.91 on Friday. The firm has a market capitalization of $9.00 billion, a price-to-earnings ratio of 187.20 and a beta of 1.30. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.26 and a quick ratio of 0.26. The business has a 50 day simple moving average of $131.28 and a 200-day simple moving average of $116.38. Jackson Financial has a 1 year low of $89.67 and a 1 year high of $140.90.

Jackson Financial (NYSE:JXN) last released its earnings results on Monday, August 3rd. The company reported $7.30 earnings per share for the quarter, beating the consensus estimate of $5.72 by $1.58. Jackson Financial had a return on equity of 18.93% and a net margin of 1.59%.The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.91 billion.

Jackson Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Tuesday, September 15th were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Tuesday, September 15th. Jackson Financial’s payout ratio is 507.04%.

About Jackson Financial

Jackson Financial Inc (NYSE:JXN) is a U.S.-based financial services company focused on providing retirement income solutions. Through its insurance subsidiaries, the company primarily develops and distributes annuity products designed to help individuals accumulate retirement savings and generate income during retirement.

Jackson’s product portfolio includes variable annuities, fixed annuities and registered index-linked annuities. Its offerings are distributed through financial professionals and other intermediary channels, serving individuals and institutions seeking tax-deferred retirement accumulation, income planning and related financial solutions.

Headquartered in Lansing, Michigan, Jackson primarily serves customers in the United States through Jackson National Life Insurance Company and related entities, including Jackson National Life Insurance Company of New York.