Jackson Financial Inc. (NYSE:JXN) Plans $0.70 Quarterly Dividend

Jackson Financial Inc. (NYSE:JXN - Get Free Report) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Stockholders of record on Thursday, June 6th will be given a dividend of 0.70 per share on Thursday, June 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.70%. The ex-dividend date is Thursday, June 6th.

Jackson Financial has a dividend payout ratio of 15.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Jackson Financial to earn $17.68 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 15.8%.

Jackson Financial Trading Down 3.9 %

Shares of NYSE JXN traded down $3.05 during midday trading on Friday, hitting $75.60. 784,734 shares of the company traded hands, compared to its average volume of 799,843. Jackson Financial has a 12-month low of $27.24 and a 12-month high of $81.52. The firm has a market cap of $5.85 billion, a P/E ratio of 8.01 and a beta of 1.54. The stock has a 50-day moving average price of $65.34 and a 200 day moving average price of $54.11. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.33 and a current ratio of 0.33.

Jackson Financial (NYSE:JXN - Get Free Report) last posted its earnings results on Wednesday, May 8th. The company reported $4.23 earnings per share for the quarter, topping analysts' consensus estimates of $3.67 by $0.56. The firm had revenue of $2 billion for the quarter, compared to analysts' expectations of $1.67 billion. The firm's revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the company posted $3.15 EPS. As a group, analysts expect that Jackson Financial will post 15.95 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on JXN shares. Keefe, Bruyette & Woods increased their price objective on Jackson Financial from $68.00 to $75.00 and gave the stock an "outperform" rating in a report on Wednesday, April 10th. Evercore ISI lifted their price target on shares of Jackson Financial from $55.00 to $62.00 and gave the company an "in-line" rating in a research report on Thursday, April 11th. Finally, Morgan Stanley boosted their price objective on shares of Jackson Financial from $52.00 to $70.00 and gave the stock an "equal weight" rating in a research note on Monday, April 15th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $61.80.

Insider Activity

In related news, Director Derek G. Kirkland bought 3,500 shares of the business's stock in a transaction on Monday, March 4th. The stock was acquired at an average price of $55.67 per share, with a total value of $194,845.00. Following the transaction, the director now owns 37,726 shares in the company, valued at approximately $2,100,206.42. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.30% of the company's stock.

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.