Jackson Financial (NYSE:JXN) Releases Earnings Results, Beats Expectations By $0.31 EPS

Jackson Financial (NYSE:JXN) issued its earnings results on Tuesday. The company reported $7.55 EPS for the quarter, topping analysts’ consensus estimates of $7.24 by $0.31, FiscalAI reports. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.07 billion. Jackson Financial had a return on equity of 19.81% and a net margin of 13.41%.

Jackson Financial Price Performance

Shares of NYSE:JXN traded down $4.14 during trading on Thursday, reaching $133.21. 450,435 shares of the company’s stock traded hands, compared to its average volume of 657,507. Jackson Financial has a fifty-two week low of $89.67 and a fifty-two week high of $150.00. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.53. The firm has a market cap of $9.02 billion, a PE ratio of 10.92 and a beta of 1.34. The company has a 50-day simple moving average of $133.51 and a 200-day simple moving average of $118.44.

Jackson Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be given a dividend of $0.90 per share. The ex-dividend date is Thursday, December 3rd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.7%. Jackson Financial’s dividend payout ratio (DPR) is 507.04%.

Insider Buying and Selling at Jackson Financial

In related news, CEO Christopher Raub sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $130.69, for a total value of $653,450.00. Following the completion of the transaction, the chief executive officer owned 42,160 shares of the company’s stock, valued at approximately $5,509,890.40. This represents a 10.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on JXN shares. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $140.00 price target on shares of Jackson Financial in a report on Friday, September 18th. Evercore set a $135.00 price objective on Jackson Financial in a research report on Wednesday, August 5th. Wall Street Zen raised shares of Jackson Financial from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Barclays raised their price objective on shares of Jackson Financial from $151.00 to $154.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Jackson Financial in a report on Monday. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $134.80.

Jackson Financial Company Profile

Jackson Financial Inc is a U.S.-based financial services company focused on helping individuals and institutions pursue retirement security. Through its operating subsidiaries, the company develops and distributes annuity products designed to provide income, investment growth opportunities and protection against certain retirement-related risks.

Jackson’s offerings include variable annuities, fixed annuities and fixed-indexed annuities, along with related retirement planning solutions.