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

Jackson Financial (NYSE:JXN) announced its quarterly earnings results 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 firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.81 billion.

Jackson Financial Stock Performance

NYSE JXN traded down $2.79 on Friday, reaching $82.61. 385,005 shares of the stock were exchanged, compared to its average volume of 554,956. Jackson Financial has a one year low of $48.00 and a one year high of $115.22. The firm has a market capitalization of $6.10 billion, a PE ratio of -6.54 and a beta of 1.47. The company’s 50-day simple moving average is $91.13 and its two-hundred day simple 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors 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. The ex-dividend date is Tuesday, March 11th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.87%. Jackson Financial’s dividend payout ratio (DPR) is presently -22.15%.

Insiders Place Their Bets

In other news, Director Gregory T. Durant bought 1,500 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were bought at an average price of $90.28 per share, for a total transaction of $135,420.00. Following the purchase, the director now owns 32,023 shares in the company, valued at approximately $2,891,036.44. The trade was 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 accessible through the SEC website. 1.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

JXN has been the topic of a number of research reports. Evercore ISI downgraded shares of Jackson Financial from an “in-line” rating to an “underperform” rating and raised their price objective for the stock from $74.00 to $95.00 in a report on Thursday, November 14th. Barclays raised their price objective on shares of Jackson Financial from $116.00 to $118.00 and gave the stock an “overweight” rating in a report on Thursday. One 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 company. According to MarketBeat.com, 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.