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

Jackson Financial (NYSE:JXN – Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $7.55 EPS for the quarter, beating analysts’ consensus estimates of $7.24 by $0.31, FiscalAI reports. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.07 billion. Jackson Financial had a return on equity of 18.93% and a net margin of 1.59%.

Jackson Financial Price Performance

Shares of NYSE JXN traded up $3.14 during mid-day trading on Tuesday, reaching $140.78. The company had a trading volume of 1,159,558 shares, compared to its average volume of 656,292. The firm has a market cap of $9.54 billion, a price-to-earnings ratio of 198.29 and a beta of 1.31. The business’s 50-day simple moving average is $133.22 and its 200 day simple moving average is $118.18. Jackson Financial has a one year low of $89.67 and a one year high of $143.27. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.26 and a current ratio of 0.26.

Trending Headlines about Jackson Financial

Here are the key news stories impacting Jackson Financial this week:

Insider Activity

In other Jackson Financial news, EVP Carrie Chelko sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $134.24, for a total value of $1,006,800.00. Following the transaction, the executive vice president directly owned 80,914 shares of the company’s stock, valued at $10,861,895.36. This trade represents a 8.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher Raub sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $130.69, for a total transaction 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 $5,509,890.40. The trade was a 10.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

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

Read Our Latest Analysis on JXN

Jackson Financial Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for Jackson Financial (NYSE:JXN)

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