Jackson Financial Inc. (NYSE:JXN) Plans $0.90 Quarterly Dividend

Jackson Financial Inc. (NYSE:JXNGet Free Report) announced a quarterly dividend on Monday, August 3rd. Investors of record on Tuesday, September 15th will be paid a dividend of 0.90 per share on Thursday, September 24th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

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

Jackson Financial Stock Up 3.0%

Shares of Jackson Financial stock opened at $125.90 on Tuesday. The firm has a market cap of $8.78 billion, a PE ratio of -20.61 and a beta of 1.30. The business’s 50 day simple moving average is $111.97 and its 200 day simple moving average is $111.08. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.27 and a current ratio of 0.27. Jackson Financial has a 52-week low of $83.67 and a 52-week high of $126.69.

Jackson Financial (NYSE:JXNGet Free Report) last posted its quarterly earnings results on Monday, August 3rd. The company reported $7.30 earnings per share for the quarter, beating analysts’ consensus estimates of $5.72 by $1.58. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.91 billion.

Institutional Trading of Jackson Financial

A number of hedge funds have recently bought and sold shares of the company. Allworth Financial LP grew its position in Jackson Financial by 404.0% during the third quarter. Allworth Financial LP now owns 252 shares of the company’s stock valued at $26,000 after acquiring an additional 202 shares during the last quarter. Rothschild Investment LLC lifted its holdings in shares of Jackson Financial by 79.9% in the 4th quarter. Rothschild Investment LLC now owns 322 shares of the company’s stock worth $34,000 after acquiring an additional 143 shares during the last quarter. Plato Investment Management Ltd purchased a new stake in shares of Jackson Financial in the 4th quarter valued at $35,000. Advisory Services Network LLC bought a new position in shares of Jackson Financial during the 3rd quarter valued at $37,000. Finally, Signature Equity Partners LLC bought a new position in shares of Jackson Financial during the 1st quarter valued at $38,000. Institutional investors own 89.96% of the company’s stock.

About Jackson Financial

(Get Free Report)

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.

Further Reading

Dividend History for Jackson Financial (NYSE:JXN)

Receive News & Ratings for Jackson Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jackson Financial and related companies with MarketBeat.com's FREE daily email newsletter.