Jackson Financial Inc. (NYSE:JXN) Stock Has Consensus Price Target of $134.80

Key Points

• Analysts give Jackson Financial a consensus “Hold” rating: four of six analysts recommend holding and two recommend buying. The average 12-month price target is $134.80.
• Jackson Financial reported quarterly earnings of $7.55 per share, beating analysts’ $7.24 estimate; revenue of $2.07 billion matched expectations.
• The company declared a quarterly dividend of $0.90 per share, equivalent to an annualized yield of 2.6%. Institutional investors own about 89.96% of its shares.

Shares of Jackson Financial Inc. (NYSE:JXN - Get Free Report) have been assigned an average rating of "Hold" from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $134.80.

JXN has been the topic of a number of recent research reports. Evercore set a $135.00 price target on shares of Jackson Financial in a research note on Wednesday, August 5th. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $140.00 price objective on shares of Jackson Financial in a research note on Friday, September 18th. Barclays boosted their target price on shares of Jackson Financial from $151.00 to $154.00 and gave the stock an "overweight" rating in a report on Wednesday, November 4th. Wall Street Zen cut shares of Jackson Financial from a "buy" rating to a "hold" rating in a research report on Saturday, November 7th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Jackson Financial in a research report on Monday, November 2nd.

Institutional Investors Weigh In On Jackson Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Entropy Technologies LP lifted its stake in shares of Jackson Financial by 316.0% in the 3rd quarter. Entropy Technologies LP now owns 60,853 shares of the company's stock valued at $7,870,000 after purchasing an additional 46,225 shares during the last quarter. FORA Capital LLC bought a new position in shares of Jackson Financial during the 3rd quarter valued at approximately $1,385,000. EP Wealth Advisors LLC raised its holdings in Jackson Financial by 3.8% during the 3rd quarter. EP Wealth Advisors LLC now owns 7,236 shares of the company's stock valued at $932,000 after buying an additional 262 shares during the period. Marshall Wace LLP purchased a new position in Jackson Financial during the third quarter worth $501,000. Finally, Steward Partners Investment Advisory LLC increased its position in Jackson Financial by 42.8% during the third quarter. Steward Partners Investment Advisory LLC now owns 1,546 shares of the company's stock valued at $200,000 after acquiring an additional 463 shares during the last quarter. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Jackson Financial Price Performance

Shares of JXN stock traded up $0.31 during trading hours on Friday, hitting $138.94. The stock had a trading volume of 388,732 shares, compared to its average volume of 722,241. Jackson Financial has a one year low of $89.67 and a one year high of $150.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.22 and a quick ratio of 0.22. The stock's 50-day moving average price is $133.73 and its two-hundred day moving average price is $119.23. The stock has a market capitalization of $9.18 billion, a price-to-earnings ratio of 11.43 and a beta of 1.34.

Jackson Financial (NYSE:JXN - Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $7.55 earnings per share for the quarter, beating the consensus estimate of $7.24 by $0.31. The business had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $2.07 billion. Jackson Financial had a return on equity of 20.46% and a net margin of 13.41%.

Jackson Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, December 3rd. Jackson Financial's payout ratio is presently 29.61%.

About Jackson Financial

Jackson Financial Inc. is a U.S. financial services company focused on retirement planning. Through its subsidiaries, including Jackson National Life Insurance Company, it offers annuity products designed to help individuals build and manage retirement income. Its offerings include variable, fixed, fixed-indexed and registered index-linked annuities. The company serves individuals and financial professionals across the United States, distributing its products through a network of independent financial advisers and other financial services firms.

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