Jackson Financial (NYSE:JXN) Shares Cross Above Fifty Day Moving Average - What's Next?

Key Points

• Jackson Financial shares crossed above their 50-day moving average, reaching $136.07 and last trading near $134.99, compared with a 50-day average of $132.88.
• Analyst sentiment remains cautious: the stock has a consensus “Hold” rating and an average price target of $134.20, although Jefferies and Wall Street Zen upgraded the shares to “Buy.”
• Jackson Financial reported quarterly EPS of $7.30, beating estimates of $5.72, and revenue of $2 billion. It also paid a quarterly dividend of $0.90, while two executives recently sold shares.

Jackson Financial Inc. (NYSE:JXN - Get Free Report)'s share price crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $132.88 and traded as high as $136.07. Jackson Financial shares last traded at $134.9870, with a volume of 745,024 shares.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on JXN. Evercore set a $135.00 price target on Jackson Financial in a research report on Wednesday, August 5th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $140.00 price target on shares of Jackson Financial in a report on Friday, September 18th. Weiss Ratings upgraded Jackson Financial from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 4th. Wall Street Zen raised Jackson Financial from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Finally, Jefferies Financial Group raised Jackson Financial from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $120.00 to $140.00 in a research note on Friday, July 10th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $134.20.

Jackson Financial Stock Performance

The business's 50 day moving average price is $132.88 and its 200-day moving average price is $117.78. The firm has a market capitalization of $9.14 billion, a PE ratio of 190.13 and a beta of 1.31.

Jackson Financial (NYSE:JXN - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported $7.30 earnings per share for the quarter, topping analysts' consensus estimates of $5.72 by $1.58. The company had revenue of $2 billion for the quarter, compared to analysts' expectations of $1.91 billion.

Jackson Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Tuesday, September 15th were paid a $0.90 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.7%. Jackson Financial's payout ratio is presently 507.04%.

Insider Buying and Selling at Jackson Financial

In other Jackson Financial news, CEO Christopher Raub sold 5,000 shares of Jackson Financial stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $130.69, for a total value of $653,450.00. Following the completion of the transaction, the chief executive officer directly owned 42,160 shares of the company's stock, valued at $5,509,890.40. The trade was a 10.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Carrie Chelko sold 7,500 shares of Jackson Financial stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $134.24, for a total value of $1,006,800.00. Following the completion of the transaction, the executive vice president directly owned 80,914 shares of the company's stock, valued at approximately $10,861,895.36. This represents a 8.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.40% of the stock is currently owned by insiders.

Institutional Trading of Jackson Financial

A number of institutional investors and hedge funds have recently bought and sold shares of JXN. VestGen Advisors LLC purchased a new position in shares of Jackson Financial in the third quarter valued at approximately $223,000. Park Avenue Securities LLC lifted its holdings in Jackson Financial by 6.3% during the 3rd quarter. Park Avenue Securities LLC now owns 2,342 shares of the company's stock worth $303,000 after buying an additional 139 shares in the last quarter. Brucke Financial Inc. lifted its holdings in Jackson Financial by 8.5% during the 3rd quarter. Brucke Financial Inc. now owns 3,436 shares of the company's stock worth $444,000 after buying an additional 268 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in Jackson Financial by 56.9% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 7,221 shares of the company's stock worth $934,000 after buying an additional 2,618 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its position in Jackson Financial by 1.7% in the 3rd quarter. Sterling Capital Management LLC now owns 9,361 shares of the company's stock valued at $1,211,000 after buying an additional 160 shares during the period. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Jackson Financial Company Profile

Jackson Financial Inc is a U.S.-based financial services company focused on helping individuals and institutions pursue retirement security. Through its operating subsidiaries, the company develops and distributes annuity products designed to provide income, investment growth opportunities and protection against certain retirement-related risks.

Jackson's offerings include variable annuities, fixed annuities and fixed-indexed annuities, along with related retirement planning solutions.

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