Wall Street Analyst Opinions
Jackson Financial (JXN) has been featured in recent research reports. Jefferies raised its price target from $73 to $80, maintaining a “hold” rating. Evercore ISI lowered its target from $75 to $73 with an “in-line” rating. Morgan Stanley increased theirs from $86 to $89, also holding an “equal weight” rating. Keefe, Bruyette & Woods moved their target up from $80 to $82, rating it as “market perform.” Barclays started coverage with an “overweight” rating and a target of $109. Overall, five analysts recommend holding the stock, while one suggests buying it. The consensus rating is “Hold” with an average target of $80.
Jackson Financial Stock Overview
The company has a market cap of $7.47 billion and shows strong earnings growth. Recently, it exceeded earnings expectations with $5.32 per share, compared to the forecast of $4.32. Revenue for the quarter was $2.01 billion, surpassing the expected $1.71 billion, up 5.0% from the previous year. Analysts project earnings of $18.49 per share for the current year.
Dividends and Stock Buybacks
Jackson Financial paid a quarterly dividend of $0.70 on September 19, yielding 2.86%. It also announced a $750 million stock repurchase program, allowing it to buy back up to 10.8% of its shares, which indicates confidence in its stock value.
Insider Transactions
On September 19, EVP Carrie Chelko sold 5,500 shares at an average price of $91.31, totaling $502,205. She still holds 61,829 shares valued at roughly $5.65 million. Insiders own 1.30% of the company.
Institutional Investments
Large investors have actively adjusted their stakes. Notable changes include Cetera Investment Advisers acquiring a new position valued at $3.81 million, and FORA Capital increasing its holdings by 399.7%. Institutional investors now own 89.96% of the stock.
Company Profile
Jackson Financial provides a range of annuities in the U.S. through its subsidiaries, including various retirement and savings products.
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