Jackson Financial Inc. (NYSE:JXN) Announces $0.80 Quarterly Dividend

Jackson Financial Inc. (NYSE:JXN) declared a quarterly dividend on Tuesday, November 4th. Stockholders of record on Thursday, December 4th will be given a dividend of 0.80 per share on Thursday, December 18th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Thursday, December 4th.

Jackson Financial has a payout ratio of 15.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Jackson Financial to earn $22.19 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 14.4%.

Jackson Financial Stock Performance

Shares of Jackson Financial stock traded down $3.17 during trading on Wednesday, reaching $97.39. The company’s stock had a trading volume of 189,342 shares, compared to its average volume of 713,676. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.28 and a current ratio of 0.28. The business’s fifty day moving average price is $98.87 and its 200-day moving average price is $90.55. The firm has a market cap of $6.78 billion, a price-to-earnings ratio of -1,626.58 and a beta of 1.45. Jackson Financial has a one year low of $64.70 and a one year high of $115.22.

Jackson Financial (NYSE:JXN) last released its earnings results on Wednesday, March 22nd. The company reported $6.26 earnings per share for the quarter. The business had revenue of ($1,162.00) million for the quarter. Jackson Financial had a return on equity of 14.73% and a net margin of 1.73%. As a group, equities research analysts predict that Jackson Financial will post 20.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on JXN shares. Zacks Research raised shares of Jackson Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. Jefferies Financial Group upped their target price on shares of Jackson Financial from $88.00 to $95.00 and gave the stock a “hold” rating in a research note on Monday, August 11th. Keefe, Bruyette & Woods increased their price target on shares of Jackson Financial from $105.00 to $110.00 and gave the company a “market perform” rating in a report on Thursday, October 9th. Morgan Stanley raised their target price on shares of Jackson Financial from $97.00 to $106.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Jackson Financial in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $109.80.

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.