Analysts Set Jackson Financial Inc. (NYSE:JXN) PT at $133.80

Jackson Financial Inc. (NYSE:JXN) has received an average rating of “Moderate Buy” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $133.80.

Several analysts have commented on the stock. Evercore set a $135.00 price target on shares of Jackson Financial in a research report on Wednesday, August 5th. Wall Street Zen raised shares of Jackson Financial from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Barclays boosted their price objective on shares of Jackson Financial from $139.00 to $149.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. Weiss Ratings raised shares of Jackson Financial from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 4th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Jackson Financial from $130.00 to $140.00 and gave the company a “market perform” rating in a research note on Wednesday, August 5th.

Insider Buying and Selling at Jackson Financial

In related news, EVP Carrie Chelko sold 7,500 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $134.24, for a total transaction of $1,006,800.00. Following the transaction, the executive vice president directly owned 80,914 shares in the company, valued at $10,861,895.36. The trade was a 8.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Christopher Raub sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $130.69, for a total value of $653,450.00. Following the transaction, the chief executive officer directly owned 42,160 shares in the company, valued at $5,509,890.40. This represents a 10.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Jackson Financial

A number of large investors have recently modified their holdings of the business. Allworth Financial LP grew its stake in Jackson Financial by 404.0% during the 3rd quarter. Allworth Financial LP now owns 252 shares of the company’s stock valued at $26,000 after purchasing an additional 202 shares during the last quarter. Rothschild Investment LLC raised its stake in shares of Jackson Financial by 79.9% in the fourth quarter. Rothschild Investment LLC now owns 322 shares of the company’s stock worth $34,000 after purchasing an additional 143 shares during the last quarter. Plato Investment Management Ltd acquired a new stake in shares of Jackson Financial during the fourth quarter worth about $35,000. Signature Equity Partners LLC acquired a new stake in shares of Jackson Financial during the first quarter worth about $38,000. Finally, Advisory Services Network LLC purchased a new stake in Jackson Financial in the third quarter valued at approximately $37,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Jackson Financial Trading Down 0.1%

JXN opened at $140.49 on Tuesday. The firm has a market cap of $9.52 billion, a price-to-earnings ratio of 197.88 and a beta of 1.30. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.53. Jackson Financial has a 12 month low of $89.67 and a 12 month high of $140.88. The stock has a fifty day moving average price of $125.40 and a 200-day moving average price of $114.25.

Jackson Financial (NYSE:JXN) last issued its quarterly earnings data on Monday, August 3rd. The company reported $7.30 earnings per share for the quarter, beating analysts’ consensus estimates of $5.72 by $1.58. Jackson Financial had a return on equity of 18.93% and a net margin of 1.59%.The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.91 billion.

Jackson Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.6%. Jackson Financial’s dividend payout ratio is presently 507.04%.

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.