Jackson Financial (NYSE:JXN) Releases Earnings Results

Jackson Financial (NYSE:JXN) released its quarterly earnings data on Wednesday. The company reported $4.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.67 by $0.56, Briefing.com reports. The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period last year, the firm posted $3.15 earnings per share. Jackson Financial’s revenue for the quarter was up 5.8% on a year-over-year basis.

Jackson Financial Stock Up 0.3 %

JXN opened at $78.89 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.33 and a quick ratio of 0.33. Jackson Financial has a 12 month low of $27.24 and a 12 month high of $81.52. The stock’s 50 day moving average price is $65.34 and its 200 day moving average price is $54.11. The stock has a market cap of $6.11 billion, a P/E ratio of 8.01 and a beta of 1.54.

Jackson Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be issued a $0.70 dividend. The ex-dividend date is Thursday, June 6th. This represents a $2.80 dividend on an annualized basis and a yield of 3.55%. Jackson Financial’s dividend payout ratio is currently 28.54%.

Analyst Ratings Changes

Several research analysts have weighed in on JXN shares. Keefe, Bruyette & Woods lifted their target price on Jackson Financial from $68.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Evercore ISI raised their target price on shares of Jackson Financial from $55.00 to $62.00 and gave the stock an “in-line” rating in a research note on Thursday, April 11th. Finally, Morgan Stanley increased their price target on shares of Jackson Financial from $52.00 to $70.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Jackson Financial currently has a consensus rating of “Hold” and a consensus price target of $61.80.

Insider Activity at Jackson Financial

In other news, Director Derek G. Kirkland bought 3,500 shares of the business’s stock in a transaction on Monday, March 4th. The shares were bought at an average cost of $55.67 per share, with a total value of $194,845.00. Following the purchase, the director now directly owns 37,726 shares in the company, valued at $2,100,206.42. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.

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.