Jackson Financial (NYSE:JXN) Given New $136.00 Price Target at Barclays

Jackson Financial (NYSE:JXN) had its target price decreased by Barclays from $138.00 to $136.00 in a report issued on Wednesday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

JXN has been the subject of several other research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Jackson Financial in a research note on Monday, December 29th. Morgan Stanley set a $105.00 price objective on shares of Jackson Financial in a research note on Monday, December 15th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $123.00 price objective on shares of Jackson Financial in a research note on Thursday, March 26th. Evercore set a $118.00 price objective on shares of Jackson Financial and gave the company an “in-line” rating in a research note on Tuesday, January 6th. Finally, Wall Street Zen upgraded shares of Jackson Financial from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $115.40.

Jackson Financial Stock Up 4.5%

Jackson Financial stock opened at $107.93 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.27 and a current ratio of 0.27. Jackson Financial has a 52-week low of $66.75 and a 52-week high of $123.61. The firm has a 50 day moving average price of $110.32 and a two-hundred day moving average price of $105.39. The firm has a market cap of $7.63 billion, a price-to-earnings ratio of -308.37 and a beta of 1.45.

Jackson Financial (NYSE:JXN) last released its quarterly earnings results on Wednesday, February 18th. The company reported $6.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.90 by $0.71. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the previous year, the business posted $4.65 EPS. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. Equities analysts predict that Jackson Financial will post 20.55 EPS for the current year.

Jackson Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Monday, March 16th were paid a $0.90 dividend. The ex-dividend date was Monday, March 16th. This represents a $3.60 annualized dividend and a dividend yield of 3.3%. This is an increase from Jackson Financial’s previous quarterly dividend of $0.80. Jackson Financial’s dividend payout ratio (DPR) is presently -1,028.57%.

Institutional Trading of Jackson Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of JXN. Integrated Wealth Concepts LLC increased its stake in Jackson Financial by 33.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 5,471 shares of the company’s stock valued at $458,000 after purchasing an additional 1,363 shares in the last quarter. Woodline Partners LP bought a new stake in Jackson Financial during the 1st quarter valued at $4,081,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Jackson Financial by 3.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 210,836 shares of the company’s stock valued at $17,664,000 after purchasing an additional 7,380 shares in the last quarter. CW Advisors LLC boosted its stake in Jackson Financial by 4.1% during the 2nd quarter. CW Advisors LLC now owns 6,793 shares of the company’s stock valued at $603,000 after purchasing an additional 267 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Jackson Financial by 21.3% during the 2nd quarter. Invesco Ltd. now owns 719,575 shares of the company’s stock worth $63,891,000 after purchasing an additional 126,264 shares in the last quarter. Institutional investors own 89.96% of the company’s stock.

Jackson Financial Company Profile

Jackson Financial Inc is a U.S.-based financial services holding company headquartered in Lansing, Michigan. The company operates primarily through its principal subsidiary, Jackson National Life Insurance Company, and specializes in designing and distributing retirement products. Jackson Financial has been publicly traded on the New York Stock Exchange under the ticker JXN since its initial public offering in May 2022.

The company’s core offerings include a broad range of fixed, variable and indexed annuity products aimed at helping individuals preserve and grow retirement assets.