Jackson Financial Inc. (NYSE:JXN) Receives $58.20 Consensus PT from Brokerages

Jackson Financial Inc. (NYSE:JXN - Get Free Report) has received an average rating of "Hold" from the five research firms that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $58.20.

JXN has been the subject of several recent research reports. Keefe, Bruyette & Woods increased their price objective on Jackson Financial from $68.00 to $75.00 and gave the company an "outperform" rating in a research note on Wednesday. Jefferies Financial Group reissued a "hold" rating and issued a $55.00 price objective on shares of Jackson Financial in a research note on Tuesday, January 2nd. The Goldman Sachs Group increased their price objective on Jackson Financial from $39.00 to $47.00 and gave the company a "neutral" rating in a research note on Tuesday, January 9th. Evercore ISI increased their price objective on Jackson Financial from $55.00 to $62.00 and gave the company an "in-line" rating in a research note on Thursday. Finally, Morgan Stanley increased their price objective on Jackson Financial from $49.00 to $52.00 and gave the company an "equal weight" rating in a research note on Friday, March 1st.

Insiders Place Their Bets

In related news, Director Derek G. Kirkland bought 3,500 shares of the business's stock in a transaction on Monday, March 4th. The stock was acquired at an average cost of $55.67 per share, with a total value of $194,845.00. Following the purchase, the director now directly owns 37,726 shares of the company's stock, valued at $2,100,206.42. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.70% of the company's stock.

Hedge Funds Weigh In On Jackson Financial

A number of hedge funds have recently modified their holdings of JXN. JPMorgan Chase & Co. grew its holdings in shares of Jackson Financial by 0.7% during the 1st quarter. JPMorgan Chase & Co. now owns 92,635 shares of the company's stock worth $4,098,000 after purchasing an additional 662 shares during the period. Raymond James & Associates grew its holdings in shares of Jackson Financial by 19.5% during the 1st quarter. Raymond James & Associates now owns 34,968 shares of the company's stock worth $1,547,000 after purchasing an additional 5,699 shares during the period. Sei Investments Co. purchased a new position in shares of Jackson Financial during the 1st quarter worth $346,000. Canada Pension Plan Investment Board purchased a new position in shares of Jackson Financial during the 1st quarter worth $402,000. Finally, Penserra Capital Management LLC purchased a new position in Jackson Financial during the 1st quarter valued at about $108,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Jackson Financial Stock Performance

Jackson Financial stock traded down $0.20 during mid-day trading on Thursday, hitting $65.37. The company had a trading volume of 585,829 shares, compared to its average volume of 832,520. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.41. Jackson Financial has a 12-month low of $26.70 and a 12-month high of $68.97. The company's fifty day moving average is $58.53 and its 200-day moving average is $49.90. The company has a market capitalization of $5.06 billion, a price-to-earnings ratio of 6.66 and a beta of 1.57.

Jackson Financial (NYSE:JXN - Get Free Report) last announced its earnings results on Wednesday, February 21st. The company reported $2.53 earnings per share for the quarter, missing the consensus estimate of $3.53 by ($1.00). The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.40 billion. Jackson Financial's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the firm posted $5.66 earnings per share. Equities research analysts predict that Jackson Financial will post 15.59 EPS for the current 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 paid a $0.70 dividend. The ex-dividend date was Monday, March 11th. This is an increase from Jackson Financial's previous quarterly dividend of $0.62. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.28%. Jackson Financial's dividend payout ratio (DPR) is 28.54%.

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.