Analysts Set Jackson Financial Inc. (NYSE:JXN) Target Price at $84.00

Shares of Jackson Financial Inc. (NYSE:JXN) have been assigned a consensus recommendation of “Hold” from the six analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $84.00.

A number of equities research analysts have commented on JXN shares. Evercore ISI downgraded Jackson Financial from an “in-line” rating to an “underperform” rating and raised their target price for the company from $74.00 to $95.00 in a report on Thursday, November 14th. Barclays increased their target price on Jackson Financial from $109.00 to $111.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th.

Insider Buying and Selling

In related news, Director Gregory T. Durant acquired 1,500 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was acquired at an average cost of $90.28 per share, for a total transaction 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 approximately $2,891,036.44. The trade was a 4.91 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Jackson Financial

A number of institutional investors and hedge funds have recently modified their holdings of JXN. CWA Asset Management Group LLC purchased a new stake in Jackson Financial in the 3rd quarter worth approximately $897,000. Gordian Capital Singapore Pte Ltd increased its holdings in shares of Jackson Financial by 300.0% during the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 16,000 shares of the company’s stock valued at $1,460,000 after acquiring an additional 12,000 shares during the last quarter. Assetmark Inc. raised its position in shares of Jackson Financial by 7.9% in the third quarter. Assetmark Inc. now owns 91,641 shares of the company’s stock valued at $8,360,000 after purchasing an additional 6,724 shares during the period. Versor Investments LP raised its holdings in Jackson Financial by 145.1% in the 3rd quarter. Versor Investments LP now owns 17,710 shares of the company’s stock worth $1,616,000 after acquiring an additional 10,483 shares during the period. Finally, Centaurus Financial Inc. lifted its position in shares of Jackson Financial by 135.1% during the 3rd quarter. Centaurus Financial Inc. now owns 10,169 shares of the company’s stock worth $928,000 after purchasing an additional 5,844 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Jackson Financial Stock Up 1.7 %

Shares of NYSE JXN opened at $86.33 on Tuesday. The business has a 50-day moving average of $99.39 and a two-hundred day moving average of $88.12. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.30 and a quick ratio of 0.30. The company has a market capitalization of $6.38 billion, a price-to-earnings ratio of -6.83 and a beta of 1.42. Jackson Financial has a 1 year low of $47.49 and a 1 year high of $115.22.

Jackson Financial (NYSE:JXN) last announced its earnings results on Wednesday, November 6th. The company reported $4.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.67 by ($0.07). The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the previous year, the business posted $3.80 EPS. On average, analysts forecast that Jackson Financial will post 18.8 earnings per share for the current fiscal year.

Jackson Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.24%. Jackson Financial’s dividend payout ratio (DPR) is -22.15%.

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.