Jackson Financial (NYSE:JXN) Price Target Cut to $116.00 by Analysts at Barclays

Jackson Financial (NYSE:JXN) had its target price decreased by Barclays from $117.00 to $116.00 in a report released on Monday morning,Benzinga reports. Barclays 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 boosted their target price for the stock 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, four have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $84.83.

Jackson Financial Price Performance

NYSE:JXN opened at $88.45 on Monday. Jackson Financial has a one year low of $47.49 and a one year high of $115.22. 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 firm has a market cap of $6.53 billion, a price-to-earnings ratio of -7.00 and a beta of 1.46. The firm’s fifty day moving average is $96.59 and its two-hundred day moving average is $89.81.

Jackson Financial (NYSE:JXN) last released its quarterly earnings results on Wednesday, November 6th. The company reported $4.60 EPS for the quarter, missing the consensus estimate of $4.67 by ($0.07). The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the previous year, the company posted $3.80 EPS. Research analysts expect that Jackson Financial will post 18.8 EPS for the current year.

Jackson Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued 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 was Thursday, December 5th. Jackson Financial’s dividend payout ratio is currently -22.15%.

Insider Transactions at Jackson Financial

In related news, Director Gregory T. Durant bought 1,500 shares of the company’s stock in a transaction that occurred 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 acquisition, the director now owns 32,023 shares of the company’s stock, valued at approximately $2,891,036.44. This trade represents a 4.91 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Jackson Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. CWA Asset Management Group LLC raised its stake in shares of Jackson Financial by 21.0% in the fourth quarter. CWA Asset Management Group LLC now owns 11,898 shares of the company’s stock valued at $1,036,000 after acquiring an additional 2,069 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Jackson Financial by 7.1% in the 4th quarter. GAMMA Investing LLC now owns 1,778 shares of the company’s stock valued at $155,000 after buying an additional 118 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Jackson Financial by 0.3% during the third quarter. Principal Financial Group Inc. now owns 407,104 shares of the company’s stock worth $37,140,000 after purchasing an additional 1,152 shares in the last quarter. DGS Capital Management LLC purchased a new stake in Jackson Financial in the third quarter valued at approximately $478,000. Finally, Tidal Investments LLC acquired a new stake in shares of Jackson Financial in the third quarter valued at approximately $1,733,000. 89.96% of the stock is currently 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.