Fintel reports that on April 5, 2023,
Goldman Sachs
maintained
coverage of Jackson Financial Inc – (NYSE:JXN) with
a Neutral recommendation.
Analyst Price Forecast Suggests 17.75% Upside
As of March 31, 2023,
the average one-year price target for Jackson Financial Inc – is $42.02.
The forecasts range from a low of $36.36 to a high of $50.40.
The average price target represents an increase of 17.75% from its latest reported closing price of $35.69.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Jackson Financial Inc –
is $6,529MM, a decrease of 55.13%.
The projected annual non-GAAP EPS
is $17.72.
Jackson Financial Inc – Declares $0.62 Dividend
On February 28, 2023 the company declared a regular
quarterly dividend of $0.62 per share ($2.48 annualized).
Shareholders of record as of March 14, 2023
received the payment on March 23, 2023.
Previously, the company paid $0.55 per share.
At the current share price of $35.69 / share,
the stock’s dividend yield is 6.95%.
Looking back five years and taking a sample every week, the average dividend yield has been
6.99%,
the lowest has been 4.69%,
and the highest has been 9.50%.
The standard deviation of yields is 1.36 (n=51).
The current dividend yield is
0.03 standard deviations
below
the historical average.
Additionally, the company’s dividend payout ratio is 0.04.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
What are Other Shareholders Doing?
Benjamin F. Edwards
holds 4K shares
representing 0.00% ownership of the company.
In it’s prior filing, the firm reported owning 0K shares, representing
an increase
of 100.00%.
Sigma Planning
holds 20K shares
representing 0.02% ownership of the company.
In it’s prior filing, the firm reported owning 35K shares, representing
a decrease
of 80.48%.
The firm
decreased
its portfolio allocation in JXN by 34.82% over the last quarter.
Teacher Retirement System Of Texas
holds 22K shares
representing 0.03% ownership of the company.
In it’s prior filing, the firm reported owning 15K shares, representing
an increase
of 28.49%.
The firm
increased
its portfolio allocation in JXN by 76.36% over the last quarter.
Strategic Advisors
holds 22K shares
representing 0.03% ownership of the company.
In it’s prior filing, the firm reported owning 12K shares, representing
an increase
of 45.16%.
The firm
increased
its portfolio allocation in JXN by 129.79% over the last quarter.
UYG – ProShares Ultra Financials
holds 6K shares
representing 0.01% ownership of the company.
In it’s prior filing, the firm reported owning 7K shares, representing
a decrease
of 23.53%.
The firm
decreased
its portfolio allocation in JXN by 17.26% over the last quarter.
What is the Fund Sentiment?
There are 576 funds or institutions reporting positions in Jackson Financial Inc -.
This is an increase
of
97
owner(s) or 20.25% in the last quarter.
Average portfolio weight of all funds dedicated to JXN is 0.31%,
an increase
of 49.86%.
Total shares owned by institutions decreased
in the last three months by 5.70% to 74,059K shares.
The put/call ratio of JXN is 0.63, indicating a
bullish
outlook.
Jackson Financial Background Information
(This description is provided by the company.)
Jackson Financial Inc. (Jackson) is committed to helping Americans grow and protect their retirement savings and income to enable them to pursue financial freedom for life. Jackson is uniquely positioned in its markets because of its differentiated products and its well-known brand among distributors and advisors. Its market leadership is supported by its efficient and scalable operating platform and industry-leading distribution network. Jackson believes these core strengths will enable us to grow profitably as an aging U.S. population transitions into retirement.
See all Jackson Financial Inc – regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
