Jackson Financial (NYSE:JXN) Now Covered by Analysts at Barclays

Barclays initiated coverage on shares of Jackson Financial (NYSE:JXN) in a report released on Wednesday morning, Benzinga reports. The brokerage issued an overweight rating and a $109.00 price target on the stock.

Several other analysts also recently commented on the company. Evercore ISI dropped their price objective on Jackson Financial from $75.00 to $73.00 and set an in-line rating on the stock in a research note on Wednesday, June 26th. Keefe, Bruyette & Woods boosted their price target on Jackson Financial from $80.00 to $82.00 and gave the company a market perform rating in a research note on Wednesday, August 14th. Jefferies Financial Group lifted their target price on Jackson Financial from $73.00 to $80.00 and gave the company a hold rating in a research report on Monday, July 29th. Finally, Morgan Stanley boosted their price objective on Jackson Financial from $86.00 to $89.00 and gave the stock an equal weight rating in a research report on Monday, August 19th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Jackson Financial has an average rating of Hold and an average target price of $80.00.

Jackson Financial Stock Performance

Shares of NYSE JXN opened at $84.45 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.30 and a quick ratio of 0.30. Jackson Financial has a one year low of $35.27 and a one year high of $90.10. The business’s 50-day moving average price is $81.70 and its two-hundred day moving average price is $72.43. The company has a market capitalization of $6.44 billion, a P/E ratio of 2.23 and a beta of 1.51.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $5.32 EPS for the quarter, topping analysts’ consensus estimates of $4.32 by $1.00. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the business posted $3.34 EPS. Jackson Financial’s revenue was up 5.0% compared to the same quarter last year. Analysts anticipate that Jackson Financial will post 18.49 earnings per share for the current fiscal year.

Jackson Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th will be paid a $0.70 dividend. The ex-dividend date is Thursday, September 5th. This represents a $2.80 dividend on an annualized basis and a yield of 3.32%. Jackson Financial’s dividend payout ratio is currently 7.40%.

Institutional Trading of Jackson Financial

A number of hedge funds have recently bought and sold shares of JXN. Assetmark Inc. purchased a new position in Jackson Financial during the 4th quarter valued at $2,270,000. Cetera Investment Advisers bought a new stake in Jackson Financial during the 1st quarter worth approximately $3,812,000. FORA Capital LLC boosted its position in shares of Jackson Financial by 399.7% during the first quarter. FORA Capital LLC now owns 27,894 shares of the company’s stock worth $1,845,000 after acquiring an additional 22,312 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of Jackson Financial by 32.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 61,139 shares of the company’s stock worth $4,044,000 after acquiring an additional 14,848 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its stake in shares of Jackson Financial by 16.5% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 41,031 shares of the company’s stock worth $2,714,000 after buying an additional 5,819 shares in the last quarter. 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.