Analysts Set Jackson Financial Inc. (NYSE:JXN) PT at $113.00

Jackson Financial Inc. (NYSE:JXN) has been given an average recommendation of “Hold” by the seven research firms that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $113.00.

Several research analysts recently commented on JXN shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Jackson Financial in a research note on Monday, December 29th. Zacks Research upgraded Jackson Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. Evercore ISI set a $118.00 price objective on shares of Jackson Financial and gave the company an “in-line” rating in a report on Tuesday, January 6th. Keefe, Bruyette & Woods increased their target price on Jackson Financial from $105.00 to $110.00 and gave the company a “market perform” rating in a research report on Thursday, October 9th. Finally, Barclays restated an “overweight” rating and issued a $137.00 target price on shares of Jackson Financial in a research report on Thursday, January 8th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of JXN. Optima Capital LLC acquired a new position in Jackson Financial in the 4th quarter valued at $42,000. Assetmark Inc. grew its stake in Jackson Financial by 5.7% in the 4th quarter. Assetmark Inc. now owns 100,308 shares of the company’s stock worth $10,698,000 after acquiring an additional 5,414 shares during the period. Accordant Advisory Group Inc purchased a new stake in Jackson Financial in the 4th quarter valued at about $1,678,000. Wetzel Investment Advisors Inc. boosted its holdings in Jackson Financial by 4.5% in the fourth quarter. Wetzel Investment Advisors Inc. now owns 2,300 shares of the company’s stock valued at $245,000 after acquiring an additional 100 shares during the last quarter. Finally, Sound Income Strategies LLC grew its holdings in shares of Jackson Financial by 25.5% during the 4th quarter. Sound Income Strategies LLC now owns 483 shares of the company’s stock worth $55,000 after purchasing an additional 98 shares during the period. 89.96% of the stock is owned by hedge funds and other institutional investors.

Jackson Financial Price Performance

Shares of NYSE:JXN opened at $113.31 on Monday. The firm has a fifty day moving average price of $105.45 and a 200 day moving average price of $98.73. Jackson Financial has a fifty-two week low of $64.70 and a fifty-two week high of $118.18. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a market cap of $7.70 billion, a price-to-earnings ratio of 15.67 and a beta of 1.44.

Jackson Financial (NYSE:JXN) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $6.16 earnings per share for the quarter, beating analysts’ consensus estimates of $5.10 by $1.06. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter last year, the firm earned $4.60 EPS. The company’s revenue was down 33.2% on a year-over-year basis. As a group, sell-side analysts expect that Jackson Financial will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, December 4th. Jackson Financial’s payout ratio is currently 44.26%.

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.