Jackson Financial (NYSE:JXN) Price Target Lowered to $116.00 at Barclays

Jackson Financial (NYSE:JXN - Free Report) had its price objective reduced by Barclays from $117.00 to $116.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an overweight rating on the stock.

Separately, Evercore ISI lowered shares of Jackson Financial from an "in-line" rating to an "underperform" rating and boosted their price objective for the stock from $74.00 to $95.00 in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Jackson Financial currently has an average rating of "Hold" and an average price target of $84.83.

Jackson Financial Price Performance

Shares of NYSE JXN traded up $0.51 during mid-day trading on Monday, reaching $89.87. 613,466 shares of the company were exchanged, compared to its average volume of 559,189. Jackson Financial has a 52 week low of $47.49 and a 52 week high of $115.22. The company's 50 day moving average price is $96.84 and its 200 day moving average price is $89.69. The stock has a market capitalization of $6.64 billion, a PE ratio of -7.11 and a beta of 1.46. 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 (NYSE:JXN - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $4.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.67 by ($0.07). The business had revenue of $2.12 billion during the quarter, compared to analysts' expectations of $1.73 billion. During the same period in the prior year, the business posted $3.80 earnings per share. Sell-side analysts forecast that Jackson Financial will post 18.8 earnings per share for the current fiscal year.

Jackson Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend was Thursday, December 5th. Jackson Financial's payout ratio is -22.15%.

Insider Transactions at Jackson Financial

In other Jackson Financial news, Director Gregory T. Durant bought 1,500 shares of Jackson Financial stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average cost of $90.28 per share, with a total value of $135,420.00. Following the completion of the purchase, the director now owns 32,023 shares of the company's stock, valued at approximately $2,891,036.44. This represents a 4.91 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in JXN. Dimensional Fund Advisors LP lifted its position in shares of Jackson Financial by 3.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,471,335 shares of the company's stock worth $332,035,000 after purchasing an additional 163,598 shares during the period. State Street Corp boosted its position in 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 acquiring an additional 153,326 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Jackson Financial by 7.4% during the 3rd 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 period. American Century Companies Inc. raised its position in shares of Jackson Financial by 6.5% in the 2nd quarter. American Century Companies Inc. now owns 1,623,071 shares of the company's stock worth $120,529,000 after acquiring an additional 98,792 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Jackson Financial by 40.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,050,903 shares of the company's stock valued at $95,874,000 after purchasing an additional 300,520 shares during the period. 89.96% of the stock is owned by hedge funds and other institutional investors.

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.