Brokerages Set Jackson Financial Inc. (NYSE:JXN) Target Price at $80.00

by · The Cerbat Gem

Shares of Jackson Financial Inc. (NYSE:JXN – Get Free Report) have received a consensus rating of “Hold” from the six ratings firms that are currently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $80.33.

A number of equities analysts have weighed in on the company. Jefferies Financial Group upped their price target on Jackson Financial from $73.00 to $80.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Evercore ISI reduced their target price on shares of Jackson Financial from $75.00 to $73.00 and set an “in-line” rating for the company in a report on Wednesday, June 26th. Morgan Stanley raised their price target on Jackson Financial from $86.00 to $89.00 and gave the company an “equal weight” rating in a report on Monday, August 19th. Keefe, Bruyette & Woods lifted their price objective 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. Finally, Barclays increased their price objective on shares of Jackson Financial from $109.00 to $111.00 and gave the company an “overweight” rating in a research report on Tuesday.

View Our Latest Analysis on Jackson Financial

Insider Buying and Selling at Jackson Financial

In other news, EVP Carrie Chelko sold 5,500 shares of Jackson Financial stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $91.31, for a total value of $502,205.00. Following the transaction, the executive vice president now owns 61,829 shares in the company, valued at approximately $5,645,605.99. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Hantz Financial Services Inc. bought a new position in shares of Jackson Financial in the second quarter worth about $25,000. EverSource Wealth Advisors LLC grew its stake in shares of Jackson Financial by 400.0% during the first quarter. EverSource Wealth Advisors LLC now owns 395 shares of the company’s stock worth $27,000 after buying an additional 316 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Jackson Financial by 47.0% during the first quarter. GAMMA Investing LLC now owns 482 shares of the company’s stock worth $32,000 after buying an additional 154 shares in the last quarter. Kapitalo Investimentos Ltda bought a new position in shares of Jackson Financial in the 4th quarter valued at $57,000. Finally, Valued Wealth Advisors LLC acquired a new stake in shares of Jackson Financial during the 1st quarter valued at $66,000. Institutional investors own 89.96% of the company’s stock.

Jackson Financial Stock Up 1.8 %

Shares of JXN stock opened at $99.05 on Thursday. Jackson Financial has a 12-month low of $36.06 and a 12-month high of $99.96. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.42. The firm has a fifty day moving average of $86.24 and a 200-day moving average of $77.94. The company has a market capitalization of $7.55 billion, a price-to-earnings ratio of 2.62 and a beta of 1.50.

Jackson Financial (NYSE:JXN – Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported $5.32 earnings per share (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. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business earned $3.34 EPS. As a group, equities research analysts predict that Jackson Financial will post 18.49 earnings per share for the current fiscal year.

Jackson Financial declared that its Board of Directors has initiated a share repurchase plan on Wednesday, August 7th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 10.8% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Jackson Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend was Thursday, September 5th. Jackson Financial’s dividend payout ratio (DPR) is presently 7.40%.

About Jackson Financial

(Get Free Report

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.

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