Shares of Jackson Monetary Inc. (NYSE:JXN – Get Free Report) hit a brand new 52-week excessive throughout mid-day buying and selling on Friday . The inventory traded as excessive as $90.10 and final traded at $89.97, with a quantity of 673060 shares buying and selling arms. The inventory had beforehand closed at $87.25.
Wall Road Analysts Forecast Progress
A number of brokerages have commented on JXN. Keefe, Bruyette & Woods boosted their worth goal on shares of Jackson Monetary from $80.00 to $82.00 and gave the inventory a “market carry out” ranking in a analysis report on Wednesday, August 14th. Morgan Stanley upped their goal worth on Jackson Monetary from $86.00 to $89.00 and gave the inventory an “equal weight” ranking in a report on Monday, August nineteenth. Jefferies Monetary Group raised their worth goal on Jackson Monetary from $73.00 to $80.00 and gave the corporate a “maintain” ranking in a analysis be aware on Monday, July twenty ninth. Lastly, Evercore ISI dropped their worth goal on Jackson Monetary from $75.00 to $73.00 and set an “in-line” ranking on the inventory in a analysis be aware on Wednesday, June twenty sixth. 5 analysis analysts have rated the inventory with a maintain ranking, Based mostly on knowledge from MarketBeat, Jackson Monetary has a median ranking of “Maintain” and a median goal worth of $74.20.
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Jackson Monetary Value Efficiency
The corporate has a present ratio of 0.30, a fast ratio of 0.30 and a debt-to-equity ratio of 0.42. The agency has a market capitalization of $6.77 billion, a price-to-earnings ratio of two.38 and a beta of 1.51. The corporate’s 50 day shifting common is $81.12 and its 200-day shifting common is $71.79.
Jackson Monetary (NYSE:JXN – Get Free Report) final launched its quarterly earnings knowledge on Wednesday, August seventh. The corporate reported $5.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.32 by $1.00. The enterprise had income of $2.01 billion throughout the quarter, in comparison with the consensus estimate of $1.71 billion. Throughout the identical quarter within the prior 12 months, the corporate earned $3.34 EPS. Jackson Monetary’s quarterly income was up 5.0% on a year-over-year foundation. Equities analysis analysts anticipate that Jackson Monetary Inc. will submit 18.49 earnings per share for the present 12 months.
Jackson Monetary Dividend Announcement
The enterprise additionally just lately disclosed a quarterly dividend, which will probably be paid on Thursday, September nineteenth. Shareholders of file on Thursday, September fifth will probably be given a dividend of $0.70 per share. The ex-dividend date is Thursday, September fifth. This represents a $2.80 dividend on an annualized foundation and a yield of three.11%. Jackson Monetary’s dividend payout ratio (DPR) is 7.40%.
Insider Exercise
In associated information, CFO Don W. Cummings bought 1,445 shares of the agency’s inventory in a transaction that occurred on Wednesday, June fifth. The shares had been acquired at a median worth of $72.70 per share, for a complete transaction of $105,051.50. Following the acquisition, the chief monetary officer now owns 45,711 shares within the firm, valued at $3,323,189.70. The acquisition was disclosed in a submitting with the Securities & Trade Fee, which is accessible via the SEC web site. Insiders personal 1.30% of the corporate’s inventory.
Institutional Inflows and Outflows
A variety of institutional buyers and hedge funds have just lately added to or decreased their stakes within the firm. Dimensional Fund Advisors LP boosted its place in shares of Jackson Monetary by 3.8% within the second quarter. Dimensional Fund Advisors LP now owns 4,471,335 shares of the corporate’s inventory valued at $332,035,000 after buying an extra 163,598 shares throughout the interval. Donald Smith & CO. Inc. grew its place in shares of Jackson Monetary by 20.1% throughout the 1st quarter. Donald Smith & CO. Inc. now owns 2,376,476 shares of the corporate’s inventory value $157,180,000 after buying an extra 397,287 shares within the final quarter. Goldman Sachs Group Inc. elevated its holdings in shares of Jackson Monetary by 6.9% throughout the fourth quarter. Goldman Sachs Group Inc. now owns 1,738,688 shares of the corporate’s inventory value $89,021,000 after buying an extra 111,875 shares throughout the interval. American Century Firms Inc. elevated its holdings in shares of Jackson Monetary by 6.5% throughout the second quarter. American Century Firms Inc. now owns 1,623,071 shares of the corporate’s inventory value $120,529,000 after buying an extra 98,792 shares throughout the interval. Lastly, Acadian Asset Administration LLC raised its place in shares of Jackson Monetary by 146.3% within the second quarter. Acadian Asset Administration LLC now owns 1,219,218 shares of the corporate’s inventory valued at $90,525,000 after shopping for an extra 724,148 shares within the final quarter. 89.96% of the inventory is owned by institutional buyers and hedge funds.
About Jackson Monetary
Jackson Monetary Inc, via its subsidiaries, gives suite of annuities to retail buyers in america. The corporate operates via three segments: Retail Annuities, Institutional Merchandise, and Closed Life and Annuity Blocks. The Retail Annuities phase affords varied retirement revenue and financial savings merchandise, together with variable, mounted index, mounted, and payout annuities, in addition to registered index-linked annuities and lifelong revenue options.
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