Stock analysts expect Jackson Financial Inc (NYSE:JXN – Get a rating) to report earnings per share of $4.85 for the current quarter, according to Zacks Investment Research. Two analysts provided earnings estimates for Jackson Financial, with the lowest EPS estimate of $4.34 and the highest estimate of $5.36. The company is expected to announce its next quarterly results on Monday, January 1.
On average, analysts expect Jackson Financial to report annual earnings of $20.98 per share for the current fiscal year, with EPS estimates ranging from $20.90 to $21.05. For next year, analysts expect the company to report earnings of $22.43 per share, with EPS estimates ranging from $21.75 to $23.10. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts who provide coverage for Jackson Financial.
Jackson Financial (NYSE: JXN – Get a rating) last announced its quarterly results on Wednesday, March 2. The company reported earnings per share (EPS) of $7.48 for the quarter, beating the Zacks consensus estimate of $5.28 by $2.20. The company posted revenue of $1.62 billion in the quarter, against analyst estimates of $1.80 billion. Jackson Financial’s revenue increased 169.7% from the same quarter last year.
JXN has been the subject of several analyst reports. Zacks Investment Research downgraded Jackson Financial from a “hold” rating to a “sell” rating in a report released Tuesday. Goldman Sachs Group launched coverage on Jackson Financial in a research note on Thursday, December 2. They issued a “neutral” rating and a price target of $40.00 on the stock. Morgan Stanley raised its price target on Jackson Financial from $40.00 to $42.00 and gave the company an “equal weight” rating in a Thursday, March 3 research note. Finally, Jefferies Financial Group launched coverage on Jackson Financial in a research note on Tuesday, January 25. They issued a “buy” rating and a price target of $52.00 on the stock. An equity research analyst rated the stock with a sell rating, four gave a hold rating and one gave the company a buy rating. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $41.50.
Shares of JXN rose $1.58 during Friday trading hours, hitting $46.75. 36,598 shares were traded, against an average volume of 1,008,565. The company has a leverage ratio of 0.24, a quick ratio of 0.34 and a current ratio of 0.34. Jackson Financial has a 12-month low of $24.03 and a 12-month high of $47.76. The stock has a 50-day moving average price of $40.76.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 23. Shareholders of record on Monday, March 14 received a dividend of $0.55 per share. This is a positive change from Jackson Financial’s previous quarterly dividend of $0.50. This represents an annualized dividend of $2.20 and a dividend yield of 4.71%. The ex-dividend date was Friday, March 11.
Separately, major shareholder Dan Hagan sold 236,083 shares of the company in a transaction dated Monday, January 31. The shares were sold at an average price of $38.23, for a total value of $9,025,453.09. The transaction was disclosed in an SEC filing, which is available via this link.
Several institutional investors have recently increased or reduced their stake in JXN. Strs Ohio bought a new position in Jackson Financial in Q3 worth around $36,000. Sumitomo Life Insurance Co. acquired a new stake in Jackson Financial during Q3 worth approximately $47,000. NN Investment Partners Holdings NV bought a new stock position in Jackson Financial during Q3, valued at around $49,000. Metropolitan Life Insurance Co NY bought a new position in Jackson Financial during the third quarter worth $58,000. Finally, Shell Asset Management Co. acquired a new stake in Jackson Financial in the third quarter worth $68,000. Institutional investors and hedge funds hold 66.48% of the company’s shares.
About Jackson Financial (Get a rating)
Jackson Financial Inc is an American retirement services provider backed by its diverse portfolio of differentiated products. Jackson(R) is the trading name of Jackson Financial Inc, Jackson National Life Insurance Company(R) and Jackson National Life Insurance Company of New York(R). Jackson Financial Inc is based in LANSING, Michigan.
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