Jackson Financial Inc. (JXN) To Go Ex-Dividend on June 11th

Jackson Financial Inc. (NYSE:JXN) announced a quarterly dividend on Tuesday, May 5th. Investors of record on Thursday, June 11th will be given a dividend of 0.90 per share on Thursday, June 25th. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Thursday, June 11th.

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

Jackson Financial Price Performance

JXN opened at $115.06 on Thursday. The company has a fifty day simple moving average of $108.10 and a 200 day simple moving average of $106.67. The firm has a market cap of $8.10 billion, a price-to-earnings ratio of -18.83 and a beta of 1.39. Jackson Financial has a twelve month low of $78.76 and a twelve month high of $123.61. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.47.

Jackson Financial (NYSE:JXN) last released its quarterly earnings results on Wednesday, February 18th. The company reported $6.61 earnings per share for the quarter, beating analysts’ consensus estimates of $5.90 by $0.71. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.92 billion. Jackson Financial’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the previous year, the business posted $4.65 earnings per share.

Analysts Set New Price Targets

JXN has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reduced their price objective on shares of Jackson Financial from $123.00 to $120.00 and set a “market perform” rating on the stock in a research note on Friday, April 10th. Wall Street Zen downgraded shares of Jackson Financial from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Finally, Barclays reduced their price objective on shares of Jackson Financial from $138.00 to $136.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $114.80.

Jackson Financial Company Profile

Jackson Financial Inc is a U.S.-based financial services holding company headquartered in Lansing, Michigan. The company operates primarily through its principal subsidiary, Jackson National Life Insurance Company, and specializes in designing and distributing retirement products. Jackson Financial has been publicly traded on the New York Stock Exchange under the ticker JXN since its initial public offering in May 2022.

The company’s core offerings include a broad range of fixed, variable and indexed annuity products aimed at helping individuals preserve and grow retirement assets.