In yesterday’s Wall Street session, Jackson Financial Inc. (NYSE:JXN) shares traded at $38.00, down -3.63% from the previous session.
6 analysts cover Jackson Financial Inc. (NYSE:JXN), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $40.00 and a low of $33.00, we find $37.50. Given the previous closing price of $39.43, this indicates a potential downside of -4.89 percent. JXN stock price is now 16.99% away from the 50-day moving average and 6.09% away from the 200-day moving average. The market capitalization of the company currently stands at $3.11B.
The stock has received a hold rating from 4 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $36.67 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).
In other news, Romine Scott, President and CEO, JNLD sold 5,000 shares of the company’s stock on Aug 14. The stock was sold for $175,350 at an average price of $35.07. Upon completion of the transaction, the President and CEO, JNLD now directly owns 78,217 shares in the company, valued at $2.97 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 15, President and CEO, JNLD Romine Scott sold 5,000 shares of the business’s stock. A total of $147,000 was realized by selling the stock at an average price of $29.40. This leaves the insider owning 82,386 shares of the company worth $3.13 million. Insiders disposed of 504,034 shares of company stock worth roughly $19.15 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 JUMP FINANCIAL, LLC during the first quarter worth $5,088,000. SQUAREPOINT OPS LLC invested $2,956,000 in shares of JXN during the first quarter. In the first quarter, IBEX WEALTH ADVISORS acquired a new stake in Jackson Financial Inc. valued at approximately $2,908,000. GRAHAM CAPITAL MANAGEMENT, L.P. acquired a new stake in JXN for approximately $2,063,000. UNISUPER MANAGEMENT PTY LTD purchased a new stake in JXN valued at around $1,936,000 in the second quarter. In total, there are 421 active investors with 92.60% ownership of the company’s stock.
During the past 12 months, Jackson Financial Inc. has had a low of $26.70 and a high of $49.60. The fifty day moving average price for JXN is $32.64 and a two-hundred day moving average price translates $35.83 for the stock.
The latest earnings results from Jackson Financial Inc. (NYSE: JXN) was released for Jun, 2023. According to the Insurance – Life Company, earnings per share came in at $3.34, missing analysts’ expectations of $3.5 by -0.16. This compares to $36.59 EPS in the same period last year. The net profit margin was 13.90% and return on equity was 5.60% for JXN. The company reported revenue of $410.0 million for the quarter, compared to $6.69 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -93.88 percent. For the current quarter, analysts expect JXN to generate $1.64B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/14/2023. Investors who held shares on 08/31/2023 were paid a $0.62 dividend. On an annualized basis, this represents a $2.48 dividend and a 6.53% percent yield. There was an ex-dividend date of 08/30/2023 for this dividend. In terms of dividend payout ratio, JXN is presently at 43.70%.
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.
