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

Jackson Financial (NYSE:JXN - Get Free Report) released its quarterly earnings data on Wednesday. The company reported $4.65 earnings per share for the quarter, missing the consensus estimate of $4.72 by ($0.07), Zacks reports. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion.

Jackson Financial Stock Up 1.8 %

NYSE:JXN traded up $1.47 during trading hours on Tuesday, hitting $85.09. The stock had a trading volume of 928,538 shares, compared to its average volume of 605,615. The company has a market cap of $6.28 billion, a PE ratio of 7.43 and a beta of 1.47. The business has a 50 day simple moving average of $90.76 and a two-hundred day simple moving average of $92.93. Jackson Financial has a 1-year low of $51.59 and a 1-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 0.46.

Jackson Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date is Tuesday, March 11th. This is a boost from Jackson Financial's previous quarterly dividend of $0.70. Jackson Financial's dividend payout ratio is currently 24.45%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on JXN. Evercore ISI cut shares of Jackson Financial from an "in-line" rating to an "underperform" rating and lifted their price target for the company from $74.00 to $95.00 in a research report on Thursday, November 14th. Barclays raised their target price on shares of Jackson Financial from $116.00 to $118.00 and gave the company an "overweight" rating in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Jackson Financial has an average rating of "Hold" and an average target price of $92.80.

Insider Transactions at Jackson Financial

In other Jackson Financial news, Director Gregory T. Durant bought 1,500 shares of the stock in a transaction dated Wednesday, December 11th. The stock was bought at an average cost of $90.28 per share, for a total transaction 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 approximately $2,891,036.44. The trade was a 4.91 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate 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.