Jackson Financial Inc. (NYSE:JXN) Stock Has Consensus Price Target of $134.20 According to Brokerages

Key Points

• Jackson Financial has a consensus “Hold” rating from six brokerages, with four holds and two buys. Analysts’ average 12-month price target is $134.20, compared with the reported share price of $130.64.
• The company exceeded quarterly expectations, reporting $7.30 in EPS versus the $5.72 consensus estimate and $2 billion in revenue versus $1.91 billion expected.
• Institutional investors own nearly 90% of the stock, while two executives recently sold shares. Jackson also pays a quarterly dividend of $0.90 per share, equivalent to a 2.8% annualized yield.

Jackson Financial Inc. (NYSE:JXN - Get Free Report) has been assigned a consensus rating of "Hold" from the six brokerages that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $134.20.

JXN has been the topic of a number of recent analyst reports. Barclays set a $151.00 price objective on shares of Jackson Financial in a report on Thursday, October 8th. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $140.00 price objective on shares of Jackson Financial in a research note on Friday, September 18th. Evercore set a $135.00 price objective on shares of Jackson Financial in a report on Wednesday, August 5th. Wall Street Zen raised shares of Jackson Financial from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Finally, Weiss Ratings raised shares of Jackson Financial from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 4th.

Insider Transactions at Jackson Financial

In other news, EVP Carrie Chelko sold 7,500 shares of the company'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 directly owned 80,914 shares of the company's stock, valued at approximately $10,861,895.36. This represents a 8.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher Raub sold 5,000 shares of the business's stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $130.69, for a total transaction of $653,450.00. Following the transaction, the chief executive officer directly owned 42,160 shares of the company's stock, valued at approximately $5,509,890.40. This trade represents a 10.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Jackson Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Commonwealth Financial Services LLC purchased a new position in Jackson Financial in the third quarter worth $250,000. CWA Asset Management Group LLC lifted its position in Jackson Financial by 13.5% in the 3rd quarter. CWA Asset Management Group LLC now owns 22,412 shares of the company's stock worth $2,898,000 after buying an additional 2,660 shares during the last quarter. SteelPeak Wealth LLC bought a new stake in Jackson Financial in the 3rd quarter worth approximately $276,000. IFP Advisors Inc boosted its stake in Jackson Financial by 50.3% in the third quarter. IFP Advisors Inc now owns 2,909 shares of the company's stock worth $376,000 after buying an additional 974 shares in the last quarter. Finally, Saxony Capital Management LLC purchased a new stake in Jackson Financial in the third quarter worth approximately $250,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Jackson Financial Stock Performance

Jackson Financial stock opened at $130.64 on Wednesday. The firm has a market capitalization of $8.85 billion, a P/E ratio of 184.00 and a beta of 1.31. The stock has a fifty day moving average price of $133.15 and a 200 day moving average price of $119.57. Jackson Financial has a 52 week low of $89.67 and a 52 week high of $140.90. 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 (NYSE:JXN - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The company reported $7.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.72 by $1.58. Jackson Financial had a return on equity of 18.93% and a net margin of 1.59%. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.91 billion.

Jackson Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.90 per share. The ex-dividend date was Tuesday, September 15th. This represents a $3.60 annualized dividend and a yield of 2.8%. Jackson Financial's payout ratio is presently 507.04%.

Jackson Financial Company Profile

Jackson Financial Inc is a U.S.-based financial services company focused on helping individuals and institutions pursue retirement security. Through its operating subsidiaries, the company develops and distributes annuity products designed to provide income, investment growth opportunities and protection against certain retirement-related risks.

Jackson's offerings include variable annuities, fixed annuities and fixed-indexed annuities, along with related retirement planning solutions.

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