Jackson Financial (NYSE:JXN) Price Target Raised to $105.00 at Keefe, Bruyette & Woods

Jackson Financial (NYSE:JXN - Free Report) had its price objective increased by Keefe, Bruyette & Woods from $103.00 to $105.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a market perform rating on the stock.

JXN has been the topic of several other reports. Barclays upped their price objective on Jackson Financial from $116.00 to $118.00 and gave the company an "overweight" rating in a research note on Thursday, February 20th. Evercore ISI cut Jackson Financial from an "in-line" rating to an "underperform" rating and upped their price target for the company from $74.00 to $95.00 in a research report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, Jackson Financial has an average rating of "Hold" and a consensus target price of $97.40.

Jackson Financial Stock Performance

JXN traded down $4.28 during trading on Friday, reaching $84.29. 1,099,969 shares of the company's stock were exchanged, compared to its average volume of 667,276. The company has a market capitalization of $6.23 billion, a P/E ratio of 7.36 and a beta of 1.47. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.46. The business has a 50 day moving average price of $90.80 and a 200 day moving average price of $93.07. Jackson Financial has a fifty-two week low of $54.80 and a fifty-two week high of $115.22.

Jackson Financial (NYSE:JXN - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $4.65 EPS for the quarter, missing analysts' consensus estimates of $4.72 by ($0.07). The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. As a group, analysts predict that Jackson Financial will post 20.55 earnings per share for the current fiscal year.

Jackson Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.80%. This is a boost from Jackson Financial's previous quarterly dividend of $0.70. Jackson Financial's payout ratio is 27.95%.

Insider Transactions at Jackson Financial

In other Jackson Financial news, Director Gregory T. Durant acquired 1,500 shares of the business's stock in a transaction on Wednesday, December 11th. The stock was purchased at an average price of $90.28 per share, for a total transaction 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is owned by company insiders.

Institutional Trading of Jackson Financial

Several large investors have recently made changes to their positions in the business. Creative Planning lifted its position in Jackson Financial by 10.2% during the 3rd quarter. Creative Planning now owns 4,041 shares of the company's stock worth $369,000 after buying an additional 373 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Jackson Financial by 232.1% during the third quarter. Blue Trust Inc. now owns 372 shares of the company's stock worth $34,000 after purchasing an additional 260 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Jackson Financial by 10.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,047 shares of the company's stock worth $369,000 after purchasing an additional 396 shares in the last quarter. New York State Teachers Retirement System grew its stake in shares of Jackson Financial by 2.4% during the third quarter. New York State Teachers Retirement System now owns 56,350 shares of the company's stock valued at $5,141,000 after purchasing an additional 1,338 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC acquired a new stake in shares of Jackson Financial in the third quarter valued at approximately $216,000. 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.