Jackson Financial Inc. (NYSE:JXN) Given Average Rating of "Hold" by Analysts

Key Points

• Analyst consensus: Seven analysts give Jackson Financial (JXN) a "Hold" consensus (5 hold, 1 buy, 1 strong buy) with an average 1‑year price target of $115.60.
• Quarterly results: JXN beat estimates with Q EPS of $6.61 versus $5.90 and revenue of $1.94B versus $1.92B, though revenue was down 2.8% year‑over‑year; analysts forecast $20.55 EPS for the current year.
• Dividend hike: Jackson increased its quarterly dividend to $0.90 (annualized $3.60), implying a yield of about 3.5%.

Jackson Financial Inc. (NYSE:JXN - Get Free Report) has been given a consensus recommendation of "Hold" by the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $115.60.

Several equities research analysts have recently issued reports on the stock. Morgan Stanley set a $105.00 price objective on shares of Jackson Financial in a research report on Monday, December 15th. Wall Street Zen raised shares of Jackson Financial from a "hold" rating to a "buy" rating in a research report on Saturday, February 28th. Barclays reiterated an "overweight" rating and issued a $137.00 price target on shares of Jackson Financial in a report on Thursday, January 8th. Weiss Ratings reissued a "hold (c+)" rating on shares of Jackson Financial in a research report on Monday, December 29th. Finally, Evercore set a $118.00 price objective on Jackson Financial and gave the stock an "in-line" rating in a research note on Tuesday, January 6th.

Jackson Financial Stock Performance

NYSE JXN opened at $103.97 on Friday. The firm has a market capitalization of $7.35 billion, a P/E ratio of -297.04 and a beta of 1.45. Jackson Financial has a 1-year low of $64.70 and a 1-year high of $123.61. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.27 and a quick ratio of 0.27. The business's 50-day simple moving average is $110.89 and its 200-day simple moving average is $105.17.

Jackson Financial (NYSE:JXN - Get Free Report) last posted its earnings results on Wednesday, February 18th. The company reported $6.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.90 by $0.71. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.92 billion. The firm's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period last year, the company posted $4.65 EPS. Equities analysts predict that Jackson Financial will post 20.55 EPS for the current year.

Jackson Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Monday, March 16th were given a dividend of $0.90 per share. This is a boost from Jackson Financial's previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Monday, March 16th. This represents a $3.60 annualized dividend and a yield of 3.5%. Jackson Financial's dividend payout ratio is presently -1,028.57%.

Institutional Trading of Jackson Financial

Several large investors have recently bought and sold shares of JXN. Allworth Financial LP lifted its position in shares of Jackson Financial by 404.0% during the third quarter. Allworth Financial LP now owns 252 shares of the company's stock worth $26,000 after purchasing an additional 202 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in Jackson Financial during the 3rd quarter valued at $28,000. Optiver Holding B.V. increased its stake in Jackson Financial by 469.2% during the 3rd quarter. Optiver Holding B.V. now owns 296 shares of the company's stock worth $30,000 after buying an additional 244 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new stake in Jackson Financial during the 2nd quarter worth $30,000. Finally, Rothschild Investment LLC lifted its holdings in Jackson Financial by 79.9% in the 4th quarter. Rothschild Investment LLC now owns 322 shares of the company's stock worth $34,000 after buying an additional 143 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company's stock.

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.

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