Jackson Financial Inc. (NYSE:JXN) to Issue Quarterly Dividend of $0.90

Jackson Financial Inc. (NYSE:JXN) announced a quarterly dividend on Monday, August 3rd. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.90 per share on Thursday, September 24th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

Jackson Financial has a dividend payout ratio of 17.0% meaning its dividend is sufficiently covered by earnings.

Jackson Financial Trading Up 3.0%

NYSE:JXN opened at $125.90 on Tuesday. Jackson Financial has a 12 month low of $83.67 and a 12 month high of $126.69. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.49. The firm’s 50 day moving average is $111.97 and its 200 day moving average is $111.08. The stock has a market capitalization of $8.78 billion, a PE ratio of -20.61 and a beta of 1.30.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings data on Monday, August 3rd. The company reported $7.30 EPS for the quarter, beating the consensus estimate of $5.72 by $1.58. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.91 billion.

Analyst Ratings Changes

Several research firms have issued reports on JXN. Wall Street Zen lowered Jackson Financial from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Weiss Ratings downgraded shares of Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. Jefferies Financial Group upgraded Jackson Financial from a “hold” rating to a “buy” rating and increased their price objective for the company from $120.00 to $140.00 in a research report on Friday, July 10th. Keefe, Bruyette & Woods raised their price target on Jackson Financial from $125.00 to $130.00 and gave the company a “market perform” rating in a report on Monday, July 13th. Finally, Barclays raised their price target on shares of Jackson Financial from $139.00 to $149.00 and gave the company an “overweight” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $128.40.

Jackson Financial Company Profile

Jackson Financial Inc is a U.S.-based financial services holding company headquartered in Lansing, Michigan. The company operates primarily through its principal subsidiary, Jackson National Life Insurance Company, and specializes in designing and distributing retirement products. Jackson Financial has been publicly traded on the New York Stock Exchange under the ticker JXN since its initial public offering in May 2022.

The company’s core offerings include a broad range of fixed, variable and indexed annuity products aimed at helping individuals preserve and grow retirement assets.