Jackson Financial (NYSE:JXN) Announces Quarterly Earnings Results

Jackson Financial (NYSE:JXN) released its quarterly earnings results on Wednesday. The company reported $4.65 EPS for the quarter, missing analysts’ consensus estimates of $4.72 by ($0.07), Zacks reports. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.81 billion.

Jackson Financial Trading Down 2.9 %

Shares of Jackson Financial stock traded down $2.47 on Friday, reaching $82.92. 359,291 shares of the company’s stock were exchanged, compared to its average volume of 554,392. The company has a market capitalization of $6.12 billion, a P/E ratio of -6.57 and a beta of 1.47. Jackson Financial has a 52 week low of $48.00 and a 52 week high of $115.22. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30. The firm’s 50-day moving average is $91.13 and its two-hundred day moving average is $92.57.

Jackson Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th will be issued a $0.80 dividend. This is an increase from Jackson Financial’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date is Tuesday, March 11th. Jackson Financial’s payout ratio is presently -22.15%.

Insider Activity

In other news, Director Gregory T. Durant bought 1,500 shares of Jackson Financial stock in a transaction dated Wednesday, December 11th. The stock was bought at an average cost of $90.28 per share, for a total transaction of $135,420.00. Following the purchase, the director now directly owns 32,023 shares in the company, valued at approximately $2,891,036.44. This represents a 4.91 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Barclays lifted their price objective on Jackson Financial from $116.00 to $118.00 and gave the stock an “overweight” rating in a research note on Thursday. Evercore ISI lowered shares of Jackson Financial from an “in-line” rating to an “underperform” rating and raised their price target for the stock from $74.00 to $95.00 in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $92.80.

About Jackson Financial

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.