Jackson Financial (NYSE:JXN) Announces Earnings Results

Jackson Financial (NYSE:JXN) announced its earnings results on Wednesday. The company reported $4.65 EPS for the quarter, missing the consensus estimate of $4.72 by ($0.07), Zacks reports. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.81 billion.

Jackson Financial Trading Down 2.7 %

JXN traded down $2.35 during trading on Friday, reaching $83.05. 332,538 shares of the company’s stock were exchanged, compared to its average volume of 553,904. The company’s fifty day moving average price is $91.13 and its 200-day moving average price is $92.57. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30. Jackson Financial has a fifty-two week low of $48.00 and a fifty-two week high of $115.22. The firm has a market capitalization of $6.13 billion, a PE ratio of -6.57 and a beta of 1.47.

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 dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend is Tuesday, March 11th. This is a positive change from Jackson Financial’s previous quarterly dividend of $0.70. Jackson Financial’s payout ratio is currently -22.15%.

Insider Buying and Selling

In other Jackson Financial news, Director Gregory T. Durant bought 1,500 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average cost of $90.28 per share, with a total value of $135,420.00. Following the purchase, the director now owns 32,023 shares in the company, valued at $2,891,036.44. This trade represents a 4.91 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

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.