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

Jackson Financial (NYSE:JXN) had its price target trimmed by Barclays from $117.00 to $116.00 in a report published on Monday,Benzinga reports. The firm currently has an overweight rating on the stock.

Separately, Evercore ISI cut shares of Jackson Financial from an “in-line” rating to an “underperform” rating and increased their price objective for the stock from $74.00 to $95.00 in a research note on Thursday, November 14th. One investment 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $84.83.

Jackson Financial Stock Down 1.6 %

Shares of Jackson Financial stock opened at $88.45 on Monday. The stock has a market capitalization of $6.53 billion, a PE ratio of -7.00 and a beta of 1.46. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30. The company has a 50-day simple moving average of $96.59 and a two-hundred day simple moving average of $89.81. Jackson Financial has a 52-week low of $47.49 and a 52-week high of $115.22.

Jackson Financial (NYSE:JXN) last issued its earnings results on Wednesday, November 6th. The company reported $4.60 earnings per share for the quarter, missing analysts’ consensus estimates of $4.67 by ($0.07). The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same period last year, the business posted $3.80 earnings per share. On average, analysts anticipate that Jackson Financial will post 18.8 EPS for the current fiscal year.

Jackson Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend was Thursday, December 5th. Jackson Financial’s dividend payout ratio (DPR) is -22.15%.

Insider Buying and Selling at Jackson Financial

In other Jackson Financial news, Director Gregory T. Durant bought 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average cost 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. This trade represents a 4.91 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Jackson Financial

A number of institutional investors and hedge funds have recently made changes to their positions in JXN. World Investment Advisors LLC bought a new stake in shares of Jackson Financial in the 3rd quarter worth about $31,000. Blue Trust Inc. boosted its stake in shares of Jackson Financial by 232.1% during the third quarter. Blue Trust Inc. now owns 372 shares of the company’s stock valued at $34,000 after purchasing an additional 260 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of Jackson Financial in the 3rd quarter valued at $141,000. GAMMA Investing LLC grew its stake in Jackson Financial by 114.2% in the third quarter. GAMMA Investing LLC now owns 1,660 shares of the company’s stock valued at $151,000 after purchasing an additional 885 shares during the last quarter. Finally, CWM LLC grew its position in shares of Jackson Financial by 62.0% in the 3rd quarter. CWM LLC now owns 1,660 shares of the company’s stock worth $151,000 after buying an additional 635 shares during the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

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.