Barclays Issues Positive Forecast for Jackson Financial (NYSE:JXN) Stock Price

Jackson Financial (NYSE:JXN - Free Report) had its target price lifted by Barclays from $116.00 to $118.00 in a research report released on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

Separately, Evercore ISI cut Jackson Financial from an "in-line" rating to an "underperform" rating and boosted their target price for the company from $74.00 to $95.00 in a research note on Thursday, November 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Jackson Financial currently has an average rating of "Hold" and a consensus price target of $92.80.

Jackson Financial Trading Down 4.4 %

Shares of JXN traded down $3.77 during mid-day trading on Thursday, hitting $81.63. 1,357,525 shares of the company's stock traded hands, compared to its average volume of 584,610. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.42. Jackson Financial has a 1 year low of $48.00 and a 1 year high of $115.22. The firm has a market capitalization of $6.03 billion, a P/E ratio of -6.46 and a beta of 1.47. The business's 50-day moving average price is $90.93 and its 200-day moving average price is $92.65.

Jackson Financial (NYSE:JXN - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $4.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.72 by ($0.07). The firm had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.81 billion. As a group, sell-side analysts forecast that Jackson Financial will post 18.85 EPS for the current fiscal year.

Jackson Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.80 per share. This is an increase from Jackson Financial's previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend is Tuesday, March 11th. Jackson Financial's dividend payout ratio is presently 27.95%.

Insider Buying and Selling at Jackson Financial

In other news, Director Gregory T. Durant bought 1,500 shares of the stock in a transaction on Wednesday, December 11th. The shares were bought at an average price of $90.28 per share, with a total value of $135,420.00. Following the completion of the acquisition, 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 acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Gordian Capital Singapore Pte Ltd lifted its holdings in Jackson Financial by 300.0% in the third quarter. Gordian Capital Singapore Pte Ltd now owns 16,000 shares of the company's stock valued at $1,460,000 after acquiring an additional 12,000 shares during the period. CWA Asset Management Group LLC purchased a new stake in Jackson Financial in the third quarter worth about $897,000. Assetmark Inc. increased its position in Jackson Financial by 7.9% in the third quarter. Assetmark Inc. now owns 91,641 shares of the company's stock worth $8,360,000 after buying an additional 6,724 shares in the last quarter. World Investment Advisors LLC purchased a new stake in Jackson Financial in the third quarter worth about $31,000. Finally, Centaurus Financial Inc. increased its position in Jackson Financial by 135.1% in the third quarter. Centaurus Financial Inc. now owns 10,169 shares of the company's stock worth $928,000 after buying an additional 5,844 shares in the last quarter. Institutional investors 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.