Jackson Financial (NYSE:JXN) Given New $100.00 Price Target at Keefe, Bruyette & Woods

Jackson Financial (NYSE:JXN) had its price target upped by Keefe, Bruyette & Woods from $90.00 to $100.00 in a research note published on Tuesday,Benzinga reports. They currently have a market perform rating on the stock.

JXN has been the topic of several other reports. Morgan Stanley reduced their price target on Jackson Financial from $92.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 10th. Barclays boosted their target price on shares of Jackson Financial from $106.00 to $108.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. One equities 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $93.80.

Jackson Financial Stock Performance

Shares of JXN stock opened at $85.18 on Tuesday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46. The company has a market cap of $6.19 billion, a PE ratio of 7.44 and a beta of 1.50. The company’s fifty day simple moving average is $79.61 and its 200-day simple moving average is $88.96. Jackson Financial has a 52 week low of $64.70 and a 52 week high of $115.22.

Jackson Financial (NYSE:JXN) last released its quarterly earnings data on Wednesday, May 7th. The company reported $5.10 EPS for the quarter, beating the consensus estimate of $4.93 by $0.17. The company had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period last year, the business earned $4.23 earnings per share. The company’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, equities research analysts anticipate that Jackson Financial will post 20.55 EPS for the current year.

Jackson Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 12th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date is Thursday, June 12th. Jackson Financial’s dividend payout ratio is currently 310.68%.

Insider Buying and Selling at Jackson Financial

In other news, CEO Craig Donald Smith sold 20,607 shares of the company’s stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $69.52, for a total value of $1,432,598.64. Following the sale, the chief executive officer now owns 116,423 shares in the company, valued at approximately $8,093,726.96. This represents a 15.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Scott Romine sold 7,000 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $84.43, for a total transaction of $591,010.00. Following the transaction, the chief executive officer now directly owns 85,276 shares in the company, valued at $7,199,852.68. The trade was a 7.59% decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

Institutional Trading of Jackson Financial

Several institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC raised its position in shares of Jackson Financial by 251.6% during the 3rd quarter. Barclays PLC now owns 134,001 shares of the company’s stock valued at $12,223,000 after acquiring an additional 95,893 shares in the last quarter. Principal Financial Group Inc. increased its stake in Jackson Financial by 0.3% during the third quarter. Principal Financial Group Inc. now owns 407,104 shares of the company’s stock valued at $37,140,000 after purchasing an additional 1,152 shares during the last quarter. Brookstone Capital Management bought a new stake in Jackson Financial during the fourth quarter valued at $214,000. Assenagon Asset Management S.A. increased its stake in Jackson Financial by 586.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 180,253 shares of the company’s stock valued at $15,696,000 after purchasing an additional 153,992 shares during the last quarter. Finally, Ritholtz Wealth Management raised its holdings in shares of Jackson Financial by 7.1% during the fourth quarter. Ritholtz Wealth Management now owns 19,092 shares of the company’s stock worth $1,662,000 after purchasing an additional 1,270 shares during the period. Institutional investors and hedge funds 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.