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

Key Points

• Jackson Financial declared a $0.90 per-share quarterly dividend, payable December 17 to shareholders of record December 3. The annualized dividend is $3.60, yielding about 2.6%.
• The dividend appears well covered, with a payout ratio of 17% of earnings.
• Jackson reported quarterly EPS of $7.55, beating the $7.24 consensus estimate; revenue of $2.07 billion was in line with expectations.

Jackson Financial Inc. (NYSE:JXN - Get Free Report) announced a quarterly dividend on Tuesday, November 3rd. Investors of record on Thursday, December 3rd will be given 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% meaning its dividend is sufficiently covered by earnings.

Jackson Financial Stock Up 2.3%

NYSE JXN opened at $140.78 on Wednesday. Jackson Financial has a twelve month low of $89.67 and a twelve month high of $143.27. The stock has a market cap of $9.54 billion, a PE ratio of 5.29 and a beta of 1.34. The firm has a 50-day simple moving average of $133.39 and a 200 day simple moving average of $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 - Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $7.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.24 by $0.31. 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%.

Insider Transactions at Jackson Financial

In other Jackson Financial news, CEO Christopher Raub sold 5,000 shares of the business's stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $130.69, for a total value of $653,450.00. Following the transaction, the chief executive officer owned 42,160 shares of the company's stock, valued at approximately $5,509,890.40. The trade was a 10.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.40% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Triumph Capital Management lifted its position in shares of Jackson Financial by 3.6% in the third quarter. Triumph Capital Management now owns 2,846 shares of the company's stock valued at $368,000 after buying an additional 100 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Jackson Financial by 22.7% during the 2nd quarter. Allworth Financial LP now owns 573 shares of the company's stock worth $59,000 after acquiring an additional 106 shares during the last quarter. Root Financial Partners LLC increased its holdings in shares of Jackson Financial by 46.4% during the 1st quarter. Root Financial Partners LLC now owns 401 shares of the company's stock worth $42,000 after acquiring an additional 127 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Jackson Financial by 7.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,906 shares of the company's stock valued at $201,000 after acquiring an additional 132 shares during the period. Finally, Inspire Investing LLC raised its stake in Jackson Financial by 3.4% in the 3rd quarter. Inspire Investing LLC now owns 4,116 shares of the company's stock valued at $532,000 after acquiring an additional 135 shares during the period. 89.96% of the stock is owned by institutional investors.

Jackson Financial Company Profile

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.

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