Jackson Financial (NYSE:JXN) Reaches New 1-Year High at $69.20

Jackson Financial Inc. (NYSE:JXN - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $69.20 and last traded at $69.20, with a volume of 422303 shares trading hands. The stock had previously closed at $67.05.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on JXN shares. Evercore ISI upped their target price on shares of Jackson Financial from $55.00 to $62.00 and gave the company an "in-line" rating in a report on Thursday, April 11th. The Goldman Sachs Group upped their target price on shares of Jackson Financial from $39.00 to $47.00 and gave the company a "neutral" rating in a report on Tuesday, January 9th. Keefe, Bruyette & Woods upped their target price on shares of Jackson Financial from $68.00 to $75.00 and gave the company an "outperform" rating in a report on Wednesday, April 10th. Morgan Stanley increased their price target on shares of Jackson Financial from $52.00 to $70.00 and gave the stock an "equal weight" rating in a report on Monday, April 15th. Finally, Jefferies Financial Group reissued a "hold" rating and set a $55.00 price target on shares of Jackson Financial in a report on Tuesday, January 2nd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $61.80.

Jackson Financial Stock Performance

The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $5.38 billion, a PE ratio of 7.09 and a beta of 1.57. The stock's fifty day simple moving average is $60.83 and its 200-day simple moving average is $51.62.

Jackson Financial (NYSE:JXN - Get Free Report) last issued its earnings results on Wednesday, February 21st. The company reported $2.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.53 by ($1.00). The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the business posted $5.66 earnings per share. The company's quarterly revenue was up 3.3% compared to the same quarter last year. On average, research analysts predict that Jackson Financial Inc. will post 15.95 earnings per share for the current fiscal year.

Jackson Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Tuesday, March 12th were issued a $0.70 dividend. The ex-dividend date of this dividend was Monday, March 11th. This is a boost from Jackson Financial's previous quarterly dividend of $0.62. This represents a $2.80 dividend on an annualized basis and a yield of 4.03%. Jackson Financial's dividend payout ratio (DPR) is 28.54%.

Insider Activity

In other Jackson Financial news, Director Derek G. Kirkland purchased 3,500 shares of the stock in a transaction dated Monday, March 4th. The shares were acquired at an average cost of $55.67 per share, for a total transaction of $194,845.00. Following the completion of the transaction, the director now directly owns 37,726 shares of the company's stock, valued at $2,100,206.42. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.70% of the company's stock.

Institutional Trading of Jackson Financial

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Jackson Financial by 16.1% in the third quarter. Vanguard Group Inc. now owns 10,933,228 shares of the company's stock valued at $417,868,000 after purchasing an additional 1,518,547 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Jackson Financial by 10.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,175,970 shares of the company's stock worth $213,813,000 after acquiring an additional 399,665 shares during the last quarter. Hsbc Holdings PLC boosted its position in Jackson Financial by 45,699.9% during the third quarter. Hsbc Holdings PLC now owns 3,241,261 shares of the company's stock worth $124,043,000 after acquiring an additional 3,234,184 shares during the last quarter. Donald Smith & CO. Inc. boosted its position in Jackson Financial by 36.5% during the fourth quarter. Donald Smith & CO. Inc. now owns 1,979,189 shares of the company's stock worth $101,334,000 after acquiring an additional 528,976 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Jackson Financial by 6.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,738,688 shares of the company's stock worth $89,021,000 after acquiring an additional 111,875 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

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.