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

Shares of Jackson Financial Inc. (NYSE:JXN) have been given an average recommendation of “Hold” by the seven brokerages that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $115.80.

JXN has been the subject of several recent research reports. Barclays decreased their price target on shares of Jackson Financial from $138.00 to $136.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Weiss Ratings cut shares of Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. Keefe, Bruyette & Woods raised their price target on shares of Jackson Financial from $120.00 to $125.00 and gave the company a “market perform” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen cut shares of Jackson Financial from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th.

Jackson Financial Stock Performance

Shares of JXN stock opened at $108.97 on Thursday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.49. Jackson Financial has a 52 week low of $82.30 and a 52 week high of $123.61. The stock has a market capitalization of $7.60 billion, a PE ratio of -17.83 and a beta of 1.32. The firm has a 50 day moving average of $108.73 and a two-hundred day moving average of $109.38.

Jackson Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Thursday, June 11th. Jackson Financial’s payout ratio is -58.92%.

Institutional Investors Weigh In On Jackson Financial

Several institutional investors have recently modified their holdings of JXN. Integrated Wealth Concepts LLC lifted its position in shares of Jackson Financial by 33.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 5,471 shares of the company’s stock worth $458,000 after purchasing an additional 1,363 shares during the last quarter. Woodline Partners LP purchased a new position in Jackson Financial in the first quarter valued at approximately $4,081,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Jackson Financial by 3.6% in the first 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 during the last quarter. EverSource Wealth Advisors LLC increased its stake in Jackson Financial by 55.5% in the second quarter. EverSource Wealth Advisors LLC now owns 911 shares of the company’s stock valued at $81,000 after purchasing an additional 325 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in Jackson Financial in the second quarter valued at approximately $986,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

About Jackson Financial

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.