Jackson Financial Inc. (NYSE:JXN) Expected to Post Earnings of $5.02 Per Share

Equities research analysts predict that Jackson Financial Inc. (NYSE:JXNGet Rating) will post $5.02 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Jackson Financial’s earnings, with the lowest EPS estimate coming in at $4.86 and the highest estimate coming in at $5.17. Jackson Financial posted earnings per share of $6.74 in the same quarter last year, which would suggest a negative year-over-year growth rate of 25.5%. The company is expected to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Jackson Financial will report full year earnings of $19.28 per share for the current fiscal year, with EPS estimates ranging from $18.65 to $19.90. For the next financial year, analysts forecast that the business will report earnings of $21.18 per share, with EPS estimates ranging from $20.50 to $21.85. Zacks’ earnings per share calculations are an average based on a survey of analysts that that provide coverage for Jackson Financial.

Jackson Financial (NYSE:JXNGet Rating) last announced its earnings results on Tuesday, May 10th. The company reported $3.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.53 by ($0.59). Jackson Financial had a net margin of 29.79% and a return on equity of 20.22%. The business had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $1.80 billion.

JXN has been the topic of a number of recent analyst reports. The Goldman Sachs Group increased their price objective on shares of Jackson Financial from $41.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 5th. Jefferies Financial Group reduced their price objective on shares of Jackson Financial from $55.00 to $45.00 in a research report on Monday, May 16th. Morgan Stanley increased their price objective on shares of Jackson Financial from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 3rd. Finally, Zacks Investment Research downgraded shares of Jackson Financial from a “hold” rating to a “sell” rating in a research note on Thursday, May 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Jackson Financial currently has an average rating of “Hold” and a consensus price target of $41.50.

Jackson Financial stock opened at $34.91 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.34 and a quick ratio of 0.34. Jackson Financial has a 1-year low of $24.03 and a 1-year high of $47.76. The firm has a market capitalization of $3.05 billion and a P/E ratio of 1.39. The company’s 50-day moving average is $40.93 and its 200 day moving average is $39.78.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 16th. Stockholders of record on Thursday, June 2nd will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Wednesday, June 1st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 6.30%. Jackson Financial’s dividend payout ratio is presently 8.74%.

In other Jackson Financial news, insider Paul Chadwick Myers acquired 5,000 shares of the company’s stock in a transaction dated Friday, May 13th. The shares were purchased at an average cost of $31.36 per share, for a total transaction of $156,800.00. Following the completion of the purchase, the insider now owns 422,931 shares in the company, valued at $13,263,116.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Dan Hagan sold 217,411 shares of the stock in a transaction that occurred on Monday, May 9th. The shares were sold at an average price of $40.02, for a total transaction of $8,700,788.22. Following the transaction, the insider now owns 4,500,000 shares in the company, valued at $180,090,000. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 31,244 shares of company stock worth $978,498.

A number of institutional investors and hedge funds have recently made changes to their positions in JXN. Raymond James & Associates acquired a new stake in Jackson Financial in the third quarter valued at approximately $332,000. Advisor Group Holdings Inc. acquired a new stake in Jackson Financial in the third quarter valued at approximately $396,000. Swiss National Bank acquired a new stake in Jackson Financial in the third quarter valued at approximately $844,000. Principal Financial Group Inc. acquired a new stake in Jackson Financial in the third quarter valued at approximately $3,617,000. Finally, BlackRock Inc. acquired a new stake in Jackson Financial in the third quarter valued at approximately $76,744,000. Institutional investors own 81.17% of the company’s stock.

About Jackson Financial (Get Rating)

Jackson Financial Inc, through its subsidiaries, primarily provides a 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 immediate payout annuities, as well as registered index-linked annuities and lifetime income solutions.

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