Jackson Financial Inc. (NYSE:JXN) Plans Quarterly Dividend of $0.80

Jackson Financial Inc. (NYSE:JXN) announced a quarterly dividend on Wednesday, February 19th,RTT News reports. Investors of record on Tuesday, March 11th will be paid a dividend of 0.80 per share on Thursday, March 20th. This represents a $3.20 annualized dividend and a yield of 3.43%. This is an increase from Jackson Financial’s previous quarterly dividend of $0.70.

Jackson Financial has raised its dividend payment by an average of 77.6% per year over the last three years. Jackson Financial has a dividend payout ratio of 12.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Jackson Financial to earn $20.55 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 13.6%.

Jackson Financial Stock Down 4.7 %

Jackson Financial stock traded down $4.56 during mid-day trading on Wednesday, hitting $93.32. The company’s stock had a trading volume of 964,562 shares, compared to its average volume of 539,696. The firm’s 50 day moving average is $91.04 and its 200 day moving average is $92.46. The company has a market cap of $6.89 billion, a PE ratio of -7.38 and a beta of 1.47. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.30 and a quick ratio of 0.30. Jackson Financial has a 52-week low of $48.00 and a 52-week high of $115.22.

Insider Activity at Jackson Financial

In related news, Director Gregory T. Durant acquired 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average cost of $90.28 per share, with a total value of $135,420.00. Following the purchase, the director now owns 32,023 shares of the company’s stock, valued at approximately $2,891,036.44. The trade was a 4.91 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Evercore ISI downgraded Jackson Financial from an “in-line” rating to an “underperform” rating and increased their price objective for the stock from $74.00 to $95.00 in a research note on Thursday, November 14th. Barclays cut their price target on Jackson Financial from $117.00 to $116.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $92.40.

Jackson Financial Company Profile

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.