Jackson Financial Inc. (NYSE:JXN) Receives $114.80 Average Price Target from Analysts

Jackson Financial Inc. (NYSE:JXN) has earned an average recommendation of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $114.80.

Several research firms have issued reports on JXN. Wall Street Zen lowered shares of Jackson Financial from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Evercore set a $118.00 price target on shares of Jackson Financial and gave the stock an “in-line” rating in a report on Tuesday, January 6th. Barclays lowered their price target on shares of Jackson Financial from $138.00 to $136.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Jackson Financial from $123.00 to $120.00 and set a “market perform” rating for the company in a report on Friday, April 10th.

Jackson Financial Stock Down 4.3%

Jackson Financial stock opened at $108.50 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 $78.76 and a 52-week high of $123.61. The firm has a 50 day moving average price of $108.00 and a two-hundred day moving average price of $106.52. The firm has a market cap of $7.64 billion, a price-to-earnings ratio of -310.00 and a beta of 1.39.

Jackson Financial (NYSE:JXN) last released its quarterly earnings results on Tuesday, May 5th. The company reported $5.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.96 by ($0.81). The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period last year, the firm posted $5.10 EPS. The business’s revenue was down 22.6% on a year-over-year basis.

Jackson Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th will be issued a dividend of $0.90 per share. The ex-dividend date is Thursday, June 11th. This represents a $3.60 annualized dividend and a yield of 3.3%. Jackson Financial’s dividend payout ratio (DPR) is presently -1,028.57%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Jackson Financial in the 4th quarter valued at $129,878,000. Hsbc Holdings PLC increased its stake in shares of Jackson Financial by 16.5% in the 4th quarter. Hsbc Holdings PLC now owns 1,550,942 shares of the company’s stock valued at $166,476,000 after acquiring an additional 220,095 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Jackson Financial by 31.7% in the 4th quarter. Bank of New York Mellon Corp now owns 886,106 shares of the company’s stock valued at $94,503,000 after acquiring an additional 213,131 shares in the last quarter. Amundi increased its stake in shares of Jackson Financial by 1,446.4% in the 3rd quarter. Amundi now owns 193,825 shares of the company’s stock valued at $19,696,000 after acquiring an additional 181,291 shares in the last quarter. Finally, Focus Partners Wealth bought a new stake in shares of Jackson Financial in the 3rd quarter valued at $15,812,000. 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.