Jackson Financial Inc. (NYSE:JXN) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Jackson Financial Inc. has received a consensus rating of "Hold" from seven rating firms, with a 1-year average price objective of $109.20.
• Institutional investors own 89.96% of Jackson Financial's stock, with significant recent purchases by firms like Texas Permanent School Fund Corp, which increased its stake by 44.2%.
• The company recently announced a $1 billion share buyback plan, suggesting confidence in the stock's valuation, alongside a quarterly dividend of $0.80 per share.

Jackson Financial Inc. (NYSE:JXN - Get Free Report) has earned a consensus rating of "Hold" from the seven ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $109.20.

Several research firms have recently commented on JXN. Evercore ISI lifted their price target on shares of Jackson Financial from $100.00 to $110.00 and gave the company an "underperform" rating in a report on Thursday. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Jackson Financial in a report on Wednesday. Jefferies Financial Group lifted their price target on shares of Jackson Financial from $88.00 to $95.00 and gave the company a "hold" rating in a report on Monday, August 11th. Zacks Research lowered shares of Jackson Financial from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 12th. Finally, Morgan Stanley boosted their target price on shares of Jackson Financial from $97.00 to $106.00 and gave the company an "equal weight" rating in a research note on Tuesday.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in Jackson Financial by 10.3% during the 3rd quarter. GAMMA Investing LLC now owns 2,522 shares of the company's stock valued at $255,000 after purchasing an additional 235 shares during the period. Corient Private Wealth LLC boosted its stake in Jackson Financial by 4.8% during the 2nd quarter. Corient Private Wealth LLC now owns 11,632 shares of the company's stock valued at $1,033,000 after purchasing an additional 530 shares during the period. Texas Permanent School Fund Corp boosted its stake in Jackson Financial by 44.2% during the 2nd quarter. Texas Permanent School Fund Corp now owns 107,250 shares of the company's stock valued at $9,523,000 after purchasing an additional 32,872 shares during the period. Osaic Holdings Inc. raised its position in shares of Jackson Financial by 9.9% during the 2nd quarter. Osaic Holdings Inc. now owns 55,768 shares of the company's stock worth $4,943,000 after buying an additional 5,002 shares in the last quarter. Finally, Centaurus Financial Inc. raised its position in shares of Jackson Financial by 36.1% during the 2nd quarter. Centaurus Financial Inc. now owns 14,973 shares of the company's stock worth $1,329,000 after buying an additional 3,974 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Jackson Financial Trading Down 5.0%

NYSE JXN opened at $94.97 on Friday. Jackson Financial has a one year low of $64.70 and a one year high of $115.22. The company has a 50-day simple moving average of $97.33 and a 200-day simple moving average of $87.72. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market capitalization of $6.61 billion, a PE ratio of -1,582.57 and a beta of 1.45.

Jackson Financial (NYSE:JXN - Get Free Report) last posted its quarterly earnings results on Wednesday, March 22nd. The company reported $6.26 EPS for the quarter. Jackson Financial had a net margin of 1.73% and a return on equity of 14.73%. The business had revenue of ($1,162.00) million during the quarter. On average, equities analysts forecast that Jackson Financial will post 20.55 earnings per share for the current year.

Jackson Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Monday, September 15th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Monday, September 15th. Jackson Financial's payout ratio is presently -5,333.33%.

Jackson Financial declared that its board has initiated a share repurchase plan on Thursday, September 18th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to purchase up to 14.4% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

About Jackson Financial

Jackson Financial Inc, through its subsidiaries, provides suite of annuities to retail investors in the United States. The company operates through three segments: Retail Annuities, Institutional Products, and Closed Life and Annuity Blocks. The Retail Annuities segment offers various retirement income and savings products, including variable, fixed index, fixed, and payout annuities, as well as registered index-linked annuities and lifetime income solutions.

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