Jackson Financial Inc. (NYSE:JXN) Receives Consensus Rating of “Hold” from Analysts

Shares of Jackson Financial Inc. (NYSE:JXN) have received an average recommendation of “Hold” from the seven research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $109.60.

JXN has been the subject of a number of research analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Jackson Financial in a research report on Monday. Morgan Stanley set a $105.00 price objective on shares of Jackson Financial in a research note on Monday, December 15th. Barclays increased their price objective on shares of Jackson Financial from $125.00 to $128.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Evercore ISI lifted their target price on shares of Jackson Financial from $100.00 to $110.00 and gave the company an “underperform” rating in a report on Thursday, October 9th. Finally, Zacks Research raised shares of Jackson Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 13th.

Hedge Funds Weigh In On Jackson Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its position in shares of Jackson Financial by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 3,994,949 shares of the company’s stock worth $404,415,000 after purchasing an additional 18,249 shares in the last quarter. Donald Smith & CO. Inc. increased its stake in Jackson Financial by 2.0% during the 2nd quarter. Donald Smith & CO. Inc. now owns 1,699,087 shares of the company’s stock worth $150,862,000 after buying an additional 33,040 shares during the period. American Century Companies Inc. lifted its holdings in Jackson Financial by 0.3% in the 3rd quarter. American Century Companies Inc. now owns 1,516,935 shares of the company’s stock worth $153,559,000 after buying an additional 4,559 shares in the last quarter. Acadian Asset Management LLC boosted its position in Jackson Financial by 1.5% in the 2nd quarter. Acadian Asset Management LLC now owns 1,359,477 shares of the company’s stock valued at $120,685,000 after buying an additional 20,212 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Jackson Financial during the second quarter valued at about $102,131,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Jackson Financial Trading Up 0.9%

Shares of JXN opened at $108.50 on Thursday. Jackson Financial has a twelve month low of $64.70 and a twelve month high of $109.16. The firm has a market capitalization of $7.37 billion, a P/E ratio of 15.01 and a beta of 1.45. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.47. The stock’s fifty day simple moving average is $98.70 and its 200 day simple moving average is $94.84.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings results on Wednesday, March 22nd. The company reported $6.26 EPS for the quarter. The company had revenue of ($1,162.00) million during the quarter. Jackson Financial had a return on equity of 15.73% and a net margin of 1.73%. On average, equities research analysts forecast that Jackson Financial will post 20.55 earnings per share for the current year.

Jackson Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were paid a $0.80 dividend. The ex-dividend date was Thursday, December 4th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.9%. Jackson Financial’s dividend payout ratio (DPR) is 44.26%.

Jackson Financial announced that its Board of Directors has approved a stock repurchase plan on Thursday, September 18th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 14.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

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.