Jackson Financial (NYSE:JXN) Announces Earnings Results, Misses Expectations By $0.07 EPS

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

Jackson Financial Price Performance

Shares of JXN traded down $1.61 during mid-day trading on Friday, hitting $83.78. 313,535 shares of the company traded hands, compared to its average volume of 553,008. Jackson Financial has a one year low of $48.00 and a one year high of $115.22. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average of $91.13 and a 200 day moving average of $92.57. The stock has a market capitalization of $6.19 billion, a price-to-earnings ratio of -6.65 and a beta of 1.47.

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 dividend of $0.80 per share. This is a boost from Jackson Financial’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a dividend yield of 3.82%. The ex-dividend date is Tuesday, March 11th. Jackson Financial’s dividend payout ratio is -22.15%.

Analyst Ratings Changes

JXN has been the subject of a number of recent analyst reports. Barclays upped 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. Evercore ISI cut shares of Jackson Financial from an “in-line” rating to an “underperform” rating and increased their target price for the company from $74.00 to $95.00 in a research note on Thursday, November 14th. One investment 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. Based on data from MarketBeat.com, Jackson Financial has a consensus rating of “Hold” and a consensus price target of $92.80.

Insider Activity

In related news, Director Gregory T. Durant purchased 1,500 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were acquired at an average cost of $90.28 per share, with a total value of $135,420.00. Following the completion of the purchase, the director now directly owns 32,023 shares of the company’s stock, valued at $2,891,036.44. This trade represents a 4.91 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is owned by insiders.

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.