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

Jackson Financial Inc. (NYSE:JXN) announced a quarterly dividend on Tuesday, November 3rd. Investors of record on Thursday, December 3rd will be paid a dividend of $0.90 per share on Thursday, December 17th. This represents a $3.60 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Thursday, December 3rd.

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

Jackson Financial Stock Up 2.3%

Shares of JXN opened at $140.78 on Wednesday. Jackson Financial has a 52 week low of $89.67 and a 52 week high of $143.27. The firm has a market cap of $9.54 billion, a P/E ratio of 5.29 and a beta of 1.34. The firm’s 50-day simple moving average is $133.39 and its 200 day simple moving average is $118.32. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.26 and a current ratio of 0.26.

Jackson Financial (NYSE:JXN) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $7.55 earnings per share for the quarter, beating the consensus estimate of $7.24 by $0.31. Jackson Financial had a net margin of 1.59% and a return on equity of 18.93%. The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.07 billion.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group upgraded Jackson Financial from a “hold” rating to a “buy” rating and increased their target price for the stock from $120.00 to $140.00 in a research note on Friday, July 10th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $140.00 price target on shares of Jackson Financial in a research note on Friday, September 18th. Wall Street Zen raised Jackson Financial from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Barclays set a $151.00 price objective on Jackson Financial in a research report on Thursday, October 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Jackson Financial in a report on Monday. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $134.20.

About Jackson Financial

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.