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

Shares of Jackson Financial Inc. (NYSE:JXN) have received an average rating of “Hold” from the six brokerages that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $84.00.

A number of brokerages have weighed in on JXN. Evercore ISI lowered shares of Jackson Financial from an “in-line” rating to an “underperform” rating and boosted their target price for the company from $74.00 to $95.00 in a research note on Thursday, November 14th. Morgan Stanley increased their target price on Jackson Financial from $86.00 to $89.00 and gave the company an “equal weight” rating in a report on Monday, August 19th. Finally, Barclays raised their target price on Jackson Financial from $109.00 to $111.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th.

Jackson Financial Price Performance

Shares of NYSE:JXN opened at $92.43 on Tuesday. 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 firm has a market cap of $6.83 billion, a price-to-earnings ratio of -7.31 and a beta of 1.42. The business has a 50-day simple moving average of $100.13 and a two-hundred day simple moving average of $87.93. Jackson Financial has a fifty-two week low of $47.49 and a fifty-two week high of $115.22.

Jackson Financial (NYSE:JXN) last released its quarterly earnings data on Wednesday, November 6th. The company reported $4.60 earnings per share for the quarter, missing the consensus estimate of $4.67 by ($0.07). The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same period last year, the firm earned $3.80 earnings per share. On average, analysts expect that Jackson Financial will post 18.8 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, December 19th. Shareholders of record on Thursday, December 5th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend is Thursday, December 5th. Jackson Financial’s dividend payout ratio is presently -22.15%.

Insiders Place Their Bets

In other news, Director Gregory T. Durant purchased 1,500 shares of the stock in a transaction on Wednesday, December 11th. The shares were acquired at an average price of $90.28 per share, with a total value of $135,420.00. Following the completion of the acquisition, the director now directly owns 32,023 shares of the company’s stock, valued at $2,891,036.44. This trade represents a 4.91 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Carrie Chelko sold 5,500 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $91.31, for a total transaction of $502,205.00. Following the completion of the transaction, the executive vice president now owns 61,829 shares of the company’s stock, valued at approximately $5,645,605.99. The trade was a 8.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of JXN. Hantz Financial Services Inc. bought a new stake in Jackson Financial during the 2nd quarter valued at approximately $25,000. World Investment Advisors LLC bought a new stake in shares of Jackson Financial during the third quarter valued at approximately $31,000. Blue Trust Inc. lifted its holdings in shares of Jackson Financial by 232.1% in the third quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $34,000 after buying an additional 260 shares in the last quarter. CWM LLC boosted its position in shares of Jackson Financial by 80.5% during the second quarter. CWM LLC now owns 1,025 shares of the company’s stock worth $76,000 after acquiring an additional 457 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. grew its stake in Jackson Financial by 2,173.9% during the second quarter. Farmers & Merchants Investments Inc. now owns 1,046 shares of the company’s stock valued at $78,000 after acquiring an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

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.