Jackson Financial Inc. (NYSE:JXN) Receives $101.20 Average PT from Analysts

Key Points

• Jackson Financial Inc. has received a consensus rating of "Hold" from analysts, with one sell recommendation, four holds, and one buy recommendation.
• The company reported $4.87 earnings per share, exceeding estimates of $4.61, although quarterly revenue declined by 3.3% year-over-year.
• Jackson Financial has declared a quarterly dividend of $0.80, indicating a dividend yield of 3.3% with a significant payout ratio of -5,333.33%.

Shares of Jackson Financial Inc. (NYSE:JXN - Get Free Report) have been assigned a consensus rating of "Hold" from the six ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has 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 $101.20.

Several equities research analysts recently issued reports on JXN shares. Zacks Research cut Jackson Financial from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 12th. Barclays boosted their price target on Jackson Financial from $108.00 to $114.00 and gave the company an "overweight" rating in a research note on Monday, July 7th. Morgan Stanley boosted their price target on Jackson Financial from $92.00 to $97.00 and gave the company an "equal weight" rating in a research note on Monday, August 18th. Keefe, Bruyette & Woods boosted their price target on Jackson Financial from $102.00 to $105.00 and gave the company a "market perform" rating in a research note on Monday, August 11th. Finally, Jefferies Financial Group boosted their price target on Jackson Financial from $88.00 to $95.00 and gave the company a "hold" rating in a research note on Monday, August 11th.

Jackson Financial Stock Performance

Shares of NYSE:JXN traded up $1.12 during trading on Tuesday, reaching $100.70. 3,977,745 shares of the stock were exchanged, compared to its average volume of 534,865. Jackson Financial has a 12 month low of $64.70 and a 12 month high of $115.22. The firm has a market cap of $7.01 billion, a PE ratio of -1,678.05 and a beta of 1.46. The stock has a 50-day moving average price of $93.15 and a 200-day moving average price of $85.92. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.46.

Jackson Financial (NYSE:JXN - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $4.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.61 by $0.26. The business had revenue of ($471.00) million during the quarter, compared to analysts' expectations of $1.77 billion. Jackson Financial had a return on equity of 14.73% and a net margin of 1.73%.The firm's revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $5.32 earnings per share. Research analysts expect that Jackson Financial will post 20.55 EPS for the current fiscal year.

Jackson Financial announced that its board has authorized a stock repurchase program on Thursday, September 18th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to repurchase up to 14.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its shares are undervalued.

Jackson Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.80 per share. The ex-dividend date is Monday, September 15th. This represents a $3.20 annualized dividend and a yield of 3.2%. Jackson Financial's dividend payout ratio is presently -5,333.33%.

Institutional Investors Weigh In On Jackson Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. lifted its stake in Jackson Financial by 9.9% during the second quarter. Osaic Holdings Inc. now owns 55,768 shares of the company's stock worth $4,943,000 after purchasing an additional 5,002 shares during the last quarter. Centaurus Financial Inc. raised its position in 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 purchasing an additional 3,974 shares during the last quarter. Orion Porfolio Solutions LLC raised its position in Jackson Financial by 11.9% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 7,873 shares of the company's stock worth $699,000 after purchasing an additional 835 shares during the last quarter. State of Wyoming bought a new position in Jackson Financial during the 2nd quarter worth $189,000. Finally, Tactive Advisors LLC bought a new position in Jackson Financial during the 2nd quarter worth $533,000. 89.96% of the stock is currently owned by institutional investors.

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.