Jackson Financial Inc. (NYSE:JXN) Given Consensus Rating of "Hold" by Analysts

Jackson Financial Inc. (NYSE:JXN - Get Free Report) has earned a consensus recommendation of "Hold" from the six analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $84.00.

Several research firms have issued reports on JXN. Evercore ISI cut Jackson Financial from an "in-line" rating to an "underperform" rating and boosted their target price for the stock from $74.00 to $95.00 in a research report on Thursday, November 14th. Barclays raised their price objective on shares of Jackson Financial from $109.00 to $111.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 8th. Finally, Morgan Stanley increased their target price on Jackson Financial from $86.00 to $89.00 and gave the company an "equal weight" rating in a report on Monday, August 19th.

Insider Buying and Selling at Jackson Financial

In other Jackson Financial news, Director Gregory T. Durant bought 1,500 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average price of $90.28 per share, with a total value of $135,420.00. Following the transaction, the director now owns 32,023 shares in the company, valued at $2,891,036.44. This trade represents a 4.91 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Carrie Chelko sold 5,500 shares of the firm's stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $91.31, for a total value of $502,205.00. Following the completion of the transaction, the executive vice president now directly owns 61,829 shares in the company, valued at $5,645,605.99. This trade represents a 8.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Jackson Financial

A number of institutional investors have recently added to or reduced their stakes in JXN. Dimensional Fund Advisors LP lifted its stake in shares of Jackson Financial by 3.8% in the second quarter. Dimensional Fund Advisors LP now owns 4,471,335 shares of the company's stock worth $332,035,000 after acquiring an additional 163,598 shares in the last quarter. State Street Corp boosted its stake 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 valued at $298,047,000 after buying an additional 153,326 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Jackson Financial by 7.4% during the third quarter. Geode Capital Management LLC now owns 2,086,155 shares of the company's stock worth $194,187,000 after buying an additional 144,530 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Jackson Financial by 6.5% in the second quarter. American Century Companies Inc. now owns 1,623,071 shares of the company's stock worth $120,529,000 after buying an additional 98,792 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in Jackson Financial by 146.3% in the second quarter. Acadian Asset Management LLC now owns 1,219,218 shares of the company's stock valued at $90,525,000 after acquiring an additional 724,148 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company's stock.

Jackson Financial Trading Down 2.3 %

NYSE:JXN traded down $2.09 on Tuesday, reaching $90.36. 996,995 shares of the company's stock were exchanged, compared to its average volume of 732,370. The firm has a market capitalization of $6.67 billion, a price-to-earnings ratio of -7.15 and a beta of 1.42. Jackson Financial has a 52-week low of $47.49 and a 52-week high of $115.22. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.42. The business has a fifty day moving average of $100.05 and a 200-day moving average of $88.05.

Jackson Financial (NYSE:JXN - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $4.60 EPS for the quarter, missing analysts' consensus estimates 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 quarter last year, the business earned $3.80 earnings per share. As a group, analysts expect that Jackson Financial will post 18.8 earnings per share for the current year.

Jackson Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date is Thursday, December 5th. Jackson Financial's payout ratio is -22.15%.

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.