Jackson Financial (NYSE:JXN) Price Target Raised to $118.00 at Barclays

Jackson Financial (NYSE:JXN) had its price objective raised by Barclays from $116.00 to $118.00 in a research report report published on Thursday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Separately, Evercore ISI lowered Jackson Financial from an “in-line” rating to an “underperform” rating and boosted their price target for the company from $74.00 to $95.00 in a report on Thursday, November 14th. One 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $92.80.

Jackson Financial Stock Performance

Shares of JXN stock opened at $85.16 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.30 and a quick ratio of 0.30. Jackson Financial has a 1 year low of $48.00 and a 1 year high of $115.22. The firm has a fifty day moving average price of $91.13 and a 200-day moving average price of $92.57.

Jackson Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Tuesday, March 11th will be paid a dividend of $0.80 per share. This is a boost from Jackson Financial’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.76%. Jackson Financial’s payout ratio is -22.15%.

Insider Buying and Selling

In other Jackson Financial news, Director Gregory T. Durant acquired 1,500 shares of the stock in a transaction dated Wednesday, December 11th. The shares were acquired at an average cost of $90.28 per share, for a total transaction of $135,420.00. Following the completion of the transaction, the director now directly owns 32,023 shares of the company’s stock, valued at approximately $2,891,036.44. The trade was a 4.91 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.30% of the stock is currently owned by insiders.

Institutional Trading of Jackson Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Trust Advisors LP raised its stake in Jackson Financial by 13.4% during the 4th quarter. First Trust Advisors LP now owns 4,134,545 shares of the company’s stock valued at $360,036,000 after purchasing an additional 487,803 shares during the period. State Street Corp raised its stake in Jackson Financial by 4.9% during the 3rd quarter. State Street Corp now owns 3,266,981 shares of the company’s stock valued at $298,047,000 after purchasing an additional 153,326 shares during the period. Geode Capital Management LLC raised its stake in Jackson Financial by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 2,099,517 shares of the company’s stock valued at $188,522,000 after purchasing an additional 13,362 shares during the period. Norges Bank bought a new stake in Jackson Financial during the 4th quarter valued at approximately $98,767,000. Finally, Jacobs Levy Equity Management Inc. raised its stake in Jackson Financial by 0.5% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,082,974 shares of the company’s stock valued at $94,305,000 after purchasing an additional 4,987 shares during the period. Institutional investors 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.