Jackson Financial Inc. (JXN) To Go Ex-Dividend on March 11th

Jackson Financial Inc. (NYSE:JXN) declared a quarterly dividend on Wednesday, February 19th, RTT News reports. Stockholders of record on Tuesday, March 11th will be given a dividend of 0.80 per share on Thursday, March 20th. This represents a $3.20 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend is Tuesday, March 11th. This is a boost from Jackson Financial’s previous quarterly dividend of $0.70.

Jackson Financial has increased its dividend payment by an average of 77.6% per year over the last three years. Jackson Financial has a payout ratio of 12.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Jackson Financial to earn $20.55 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 13.6%.

Jackson Financial Stock Performance

NYSE:JXN opened at $85.16 on Friday. Jackson Financial has a one year low of $48.00 and a one year high of $115.22. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.42. The stock has a 50 day moving average price of $91.13 and a 200 day moving average price of $92.57.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Evercore ISI cut shares of Jackson Financial from an “in-line” rating to an “underperform” rating and boosted their price target for the company from $74.00 to $95.00 in a research report on Thursday, November 14th. Barclays lifted their price target on shares of Jackson Financial from $116.00 to $118.00 and gave the company an “overweight” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Jackson Financial presently has a consensus rating of “Hold” and a consensus price target of $92.80.

Insider Buying and Selling at Jackson Financial

In other Jackson Financial news, Director Gregory T. Durant purchased 1,500 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were 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. This trade represents a 4.91 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is owned by corporate 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.