By otakuyassine3@gmail.com 
Jackson Financial Inc. (NYSE:JXN – Get Free Report) has been assigned a consensus rating of “Hold” from the six ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $84.00.
JXN has been the topic of a number of research reports. Evercore ISI cut Jackson Financial from an “in-line” rating to an “underperform” rating and upped their price target for the stock from $74.00 to $95.00 in a report on Thursday, November 14th. Barclays boosted their price objective on shares of Jackson Financial from $109.00 to $111.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th.
Check Out Our Latest Stock Analysis on Jackson Financial
Jackson Financial Price Performance
Jackson Financial stock opened at $88.28 on Tuesday. The company has a market cap of $6.52 billion, a P/E ratio of -6.98 and a beta of 1.42. Jackson Financial has a one year low of $47.49 and a one year high of $115.22. The business has a fifty day moving average of $99.17 and a two-hundred day moving average of $88.31. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30.
Jackson Financial (NYSE:JXN – Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $4.60 EPS for the quarter, missing the consensus estimate of $4.67 by ($0.07). The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same period last year, the business earned $3.80 EPS. As a group, analysts predict that Jackson Financial will post 18.8 earnings per share for the current fiscal year.
Jackson Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were given a $0.70 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $2.80 annualized dividend and a dividend yield of 3.17%. Jackson Financial’s dividend payout ratio is currently -22.15%.
Insider Buying and Selling
In other news, Director Gregory T. Durant bought 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were purchased at an average price of $90.28 per share, for a total transaction of $135,420.00. Following the completion of the transaction, the director now owns 32,023 shares in the company, valued at $2,891,036.44. The trade was a 4.91 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Jackson Financial
Several hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in Jackson Financial by 3.8% during the second quarter. Dimensional Fund Advisors LP now owns 4,471,335 shares of the company’s stock worth $332,035,000 after buying an additional 163,598 shares during the period. State Street Corp lifted its holdings in shares of Jackson Financial by 4.9% during the 3rd quarter. State Street Corp now owns 3,266,981 shares of the company’s stock worth $298,047,000 after acquiring an additional 153,326 shares during the period. Geode Capital Management LLC boosted its position in shares of Jackson Financial by 7.4% in the third quarter. Geode Capital Management LLC now owns 2,086,155 shares of the company’s stock worth $194,187,000 after acquiring an additional 144,530 shares during the last quarter. American Century Companies Inc. grew its holdings in Jackson Financial by 6.5% in the second quarter. American Century Companies Inc. now owns 1,623,071 shares of the company’s stock valued at $120,529,000 after purchasing an additional 98,792 shares during the period. Finally, Acadian Asset Management LLC increased its position in Jackson Financial by 146.3% during the second quarter. Acadian Asset Management LLC now owns 1,219,218 shares of the company’s stock worth $90,525,000 after purchasing an additional 724,148 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.
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.
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