Jackson Financial (NYSE:JXN) Announces Earnings Results

Jackson Financial (NYSE:JXN) posted 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 company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion.

Jackson Financial Trading Down 2.7 %

NYSE:JXN traded down $2.35 on Friday, reaching $83.05. 332,538 shares of the stock traded hands, compared to its average volume of 553,904. The firm has a market capitalization of $6.13 billion, a price-to-earnings ratio of -6.57 and a beta of 1.47. The company’s 50 day moving average is $91.13 and its 200-day moving average is $92.57. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.42. Jackson Financial has a 1-year low of $48.00 and a 1-year high of $115.22.

Jackson Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th will be paid a $0.80 dividend. This is a boost from Jackson Financial’s previous quarterly dividend of $0.70. The ex-dividend date is Tuesday, March 11th. This represents a $3.20 annualized dividend and a dividend yield of 3.85%. Jackson Financial’s dividend payout ratio is presently -22.15%.

Insider Buying and Selling at Jackson Financial

In other news, Director Gregory T. Durant acquired 1,500 shares of the firm’s 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 completion of the transaction, the director now directly owns 32,023 shares in the company, valued at $2,891,036.44. This represents a 4.91 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on JXN. Barclays lifted their target price on Jackson Financial from $116.00 to $118.00 and gave the stock an “overweight” rating in a report on Thursday. Evercore ISI cut Jackson Financial from an “in-line” rating to an “underperform” rating and upped their target price for the stock from $74.00 to $95.00 in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.