Before You Invest In Jackson Financial Inc. (NYSE:JXN), Consider This Metric

In yesterday’s Wall Street session, Jackson Financial Inc. (NYSE:JXN) shares traded at $29.24, up 0.10% from the previous session.

As of this writing, 6 analysts cover Jackson Financial Inc. (NYSE:JXN). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $42.00 and a low of $35.00, we find $38.50. Given the previous closing price of $29.21, this indicates a potential upside of 31.8 percent. JXN stock price is now -19.61% away from the 50-day moving average and -18.56% away from the 200-day moving average. The market capitalization of the company currently stands at $2.49B.

There are 4 analysts who have given it a hold rating, whereas 1 have given it a buy rating. Brokers who have rated the stock have averaged $38.50 as their price target over the next twelve months.

With the price target of $52, Jefferies recently initiated with Buy rating for Jackson Financial Inc. (NYSE: JXN). On December 07, 2021, Morgan Stanley Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock keeping its target price maintained at $38, while ‘Goldman’ rates the stock as ‘Neutral’.

In other news, Cummings Don W, SVP and CAO sold 9,877 shares of the company’s stock on Apr 18. The stock was sold for $367,424 at an average price of $37.20. Upon completion of the transaction, the SVP and CAO now directly owns 25,925 shares in the company, valued at $0.76 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 17, SVP, Controller and CAO Cummings Don W sold 1,271 shares of the business’s stock. A total of $46,709 was realized by selling the stock at an average price of $36.75. This leaves the insider owning 41,186 shares of the company worth $1.2 million. Insiders disposed of 9,199,033 shares of company stock worth roughly $268.98 million over the past 1 year. A total of 10.90% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in JXN stock. A new stake in Jackson Financial Inc. shares was purchased by BALYASNY ASSET MANAGEMENT L.P. during the first quarter worth $15,565,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC invested $6,481,000 in shares of JXN during the first quarter. In the first quarter, BANK OF MONTREAL /CAN/ acquired a new stake in Jackson Financial Inc. valued at approximately $3,879,000. IBEX WEALTH ADVISORS acquired a new stake in JXN for approximately $2,238,000. CRESTLINE MANAGEMENT, LP purchased a new stake in JXN valued at around $1,901,000 in the second quarter. In total, there are 424 active investors with 92.60% ownership of the company’s stock.

Monday morning saw Jackson Financial Inc. (NYSE: JXN) opened at $29.25. During the past 12 months, Jackson Financial Inc. has had a low of $23.56 and a high of $49.60. The fifty day moving average price for JXN is $36.08 and a two-hundred day moving average price translates $35.92 for the stock.

The latest earnings results from Jackson Financial Inc. (NYSE: JXN) was released for Mar, 2023. According to the Insurance – Life Company, earnings per share came in at $3.15, missing analysts’ expectations of $3.87 by -0.72. This compares to $24.39 EPS in the same period last year. The net profit margin was 39.50% and return on equity was 62.40% for JXN. The company reported revenue of -$749.0 million for the quarter, compared to $2.22 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -133.72 percent. For the current quarter, analysts expect JXN to generate $1.64B in revenue.

Moreover, the firm recently paid out its quarterly dividend on 06/15/2023. Investors who held shares on 06/01/2023 were paid a $0.62 dividend. On an annualized basis, this represents a $2.48 dividend and a 8.48% percent yield. There was an ex-dividend date of 05/31/2023 for this dividend. In terms of dividend payout ratio, JXN is presently at 3.30%.

Jackson Financial Inc.(JXN) Company Profile

Jackson Financial Inc., through its subsidiaries, primarily provides a 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. The Institutional Products segment provides traditional guaranteed investment contracts; funding agreements comprising agreements issued in conjunction with its participation in the U.S. federal home loan bank program; and medium-term funding agreement-backed notes. The Closed Life and Annuity Blocks segment offers various protection products, such as whole life, universal life, variable universal life, and term life insurance products, as well as fixed, fixed index, and payout annuities; and a block of group payout annuities. The company also offers investment management services. It sells its products through a distribution network that includes independent broker-dealers, banks and other financial institutions, warehouses and regional broker-dealers, and independent registered investment advisors, third-party platforms, and insurance agents. The company was formerly known as Brooke (Holdco1) Inc. and changed its name to Jackson Financial Inc. in July 2020. Jackson Financial Inc. was incorporated in 2006 and is headquartered in Lansing, Michigan.