Jackson Financial Inc. (NYSE:JXN) Stock Has Average Target Price of $133.80

Key Points

• Analyst sentiment is moderately bullish: Seven analysts give Jackson Financial an average “Moderate Buy” rating, with an average 12-month price target of $133.80. Recent targets range as high as $149.
• Strong quarterly performance supported the outlook: Jackson reported $7.30 in quarterly EPS, beating estimates by $1.58, while revenue reached $2 billion versus the $1.91 billion consensus.
• Institutional ownership remains high, but insiders sold shares: Hedge funds and other institutions own 89.96% of the stock, while executives recently sold shares. JXN also pays a quarterly dividend of $0.90, equivalent to a 2.7% yield.

Shares of Jackson Financial Inc. (NYSE:JXN - Get Free Report) have received an average recommendation of "Moderate Buy" from the seven research firms that are currently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $133.80.

A number of brokerages recently weighed in on JXN. Jefferies Financial Group upgraded shares of Jackson Financial from a "hold" rating to a "buy" rating and upped their target price for the stock from $120.00 to $140.00 in a research report on Friday, July 10th. Barclays lifted their price target on shares of Jackson Financial from $139.00 to $149.00 and gave the company an "overweight" rating in a report on Tuesday, August 4th. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $140.00 price target on shares of Jackson Financial in a research note on Friday, September 18th. Weiss Ratings raised shares of Jackson Financial from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, August 4th. Finally, Wall Street Zen upgraded Jackson Financial from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th.

Insider Buying and Selling

In other Jackson Financial news, EVP Carrie Chelko sold 7,500 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 80,914 shares in the company, valued at $10,861,895.36. This trade represents a 8.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Christopher Raub sold 5,000 shares of the firm's stock in a transaction that occurred on 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 owned 42,160 shares of the company's stock, valued at $5,509,890.40. This represents a 10.60% decrease in their position. The SEC filing for this sale provides additional information. 1.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of JXN. Dimensional Fund Advisors LP raised its stake in Jackson Financial by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 4,060,350 shares of the company's stock valued at $429,240,000 after purchasing an additional 18,740 shares in the last quarter. Donald Smith & CO. Inc. bought a new stake in shares of Jackson Financial in the 2nd quarter worth about $183,186,000. Hsbc Holdings PLC increased its holdings 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 worth $166,476,000 after buying an additional 220,095 shares during the last quarter. Norges Bank purchased a new stake in shares of Jackson Financial during the 4th quarter valued at about $129,878,000. Finally, Bank of New York Mellon Corp raised its position in shares of Jackson Financial by 2.8% during the 1st quarter. Bank of New York Mellon Corp now owns 910,853 shares of the company's stock valued at $96,295,000 after buying an additional 24,747 shares in the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Jackson Financial Stock Up 2.1%

Shares of JXN opened at $132.91 on Friday. The business's 50 day moving average is $131.28 and its 200 day moving average is $116.38. 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 $140.90. The company has a market capitalization of $9.00 billion, a PE ratio of 187.20 and a beta of 1.30.

Jackson Financial (NYSE:JXN - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The company reported $7.30 earnings per share for the quarter, topping the consensus estimate of $5.72 by $1.58. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.91 billion. Jackson Financial had a return on equity of 18.93% and a net margin of 1.59%.

Jackson Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Tuesday, September 15th were given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Tuesday, September 15th. Jackson Financial's payout ratio is currently 507.04%.

Jackson Financial Company Profile

Jackson Financial Inc NYSE: JXN is a U.S.-based financial services company focused on providing retirement income solutions. Through its insurance subsidiaries, the company primarily develops and distributes annuity products designed to help individuals accumulate retirement savings and generate income during retirement.

Jackson's product portfolio includes variable annuities, fixed annuities and registered index-linked annuities. Its offerings are distributed through financial professionals and other intermediary channels, serving individuals and institutions seeking tax-deferred retirement accumulation, income planning and related financial solutions.

Headquartered in Lansing, Michigan, Jackson primarily serves customers in the United States through Jackson National Life Insurance Company and related entities, including Jackson National Life Insurance Company of New York.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.