Weiss Ratings Reaffirms "Hold (C-)" Rating for Jackson Financial (NYSE:JXN)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C-)" rating for Jackson Financial (NYSE:JXN), indicating a neutral outlook on the stock.
• Jackson Financial's earnings report showed $4.87 earnings per share, surpassing estimates yet demonstrating a 3.3% decline in revenue year-over-year.
• The company is initiating a $1 billion share buyback program, which suggests the board believes the stock is undervalued.

Jackson Financial (NYSE:JXN - Get Free Report)'s stock had its "hold (c-)" rating reaffirmed by stock analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Other research analysts also recently issued research reports about the stock. Jefferies Financial Group boosted their target price on shares of Jackson Financial from $88.00 to $95.00 and gave the company a "hold" rating in a research note on Monday, August 11th. Zacks Research downgraded shares of Jackson Financial from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 12th. Barclays boosted their target price on shares of Jackson Financial from $118.00 to $125.00 and gave the company an "overweight" rating in a research note on Wednesday. Morgan Stanley upped their price objective 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. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Jackson Financial from $102.00 to $105.00 and gave the company a "market perform" rating in a research note on Monday, August 11th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $105.20.

Jackson Financial Trading Up 0.1%

Shares of JXN stock opened at $100.76 on Wednesday. The firm has a 50-day moving average price of $96.87 and a 200 day moving average price of $87.60. Jackson Financial has a twelve month low of $64.70 and a twelve month high of $115.22. The company has a market capitalization of $7.02 billion, a price-to-earnings ratio of -1,679.05 and a beta of 1.45. 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 announced its earnings results on Tuesday, August 5th. The company reported $4.87 earnings per share for the quarter, beating the consensus estimate of $4.61 by $0.26. Jackson Financial had a net margin of 1.73% and a return on equity of 14.73%. The firm had revenue of ($471.00) million during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the previous year, the company posted $5.32 EPS. The firm's revenue for the quarter was down 3.3% on a year-over-year basis. Research analysts forecast that Jackson Financial will post 20.55 earnings per share for the current fiscal year.

Jackson Financial announced that its board has initiated a share buyback program on Thursday, September 18th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to buy up to 14.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its shares are undervalued.

Institutional Trading of Jackson Financial

Institutional investors and hedge funds have recently bought and sold shares of the business. Twin Peaks Wealth Advisors LLC acquired a new stake in Jackson Financial during the 2nd quarter worth approximately $30,000. NBC Securities Inc. acquired a new stake in Jackson Financial during the 1st quarter worth approximately $37,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Jackson Financial by 111.6% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 438 shares of the company's stock worth $39,000 after purchasing an additional 231 shares in the last quarter. Brooklyn Investment Group increased its position in Jackson Financial by 987.0% during the 1st quarter. Brooklyn Investment Group now owns 500 shares of the company's stock worth $42,000 after purchasing an additional 454 shares in the last quarter. Finally, Sound Income Strategies LLC increased its position in Jackson Financial by 1,342.9% during the 2nd quarter. Sound Income Strategies LLC now owns 505 shares of the company's stock worth $45,000 after purchasing an additional 470 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company's stock.

Jackson Financial Company Profile

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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