Jackson Financial (NYSE:JXN) Releases Quarterly Earnings Results, Beats Estimates By $0.31 EPS

Jackson Financial (NYSE:JXN) announced its earnings results on Tuesday. The company reported $7.55 earnings per share for the quarter, beating analysts’ consensus estimates of $7.24 by $0.31, FiscalAI reports. Jackson Financial had a net margin of 1.59% and a return on equity of 18.93%. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.07 billion.

Jackson Financial Price Performance

JXN traded up $3.14 during midday trading on Tuesday, hitting $140.78. The stock had a trading volume of 1,159,558 shares, compared to its average volume of 656,292. The company has a market cap of $9.54 billion, a P/E ratio of 198.29 and a beta of 1.31. The business has a fifty day moving average of $133.22 and a 200 day moving average of $118.18. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.26 and a current ratio of 0.26. Jackson Financial has a 1 year low of $89.67 and a 1 year high of $143.27.

Insider Activity at Jackson Financial

In other Jackson Financial news, EVP Carrie Chelko sold 7,500 shares of Jackson Financial stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $134.24, for a total transaction of $1,006,800.00. Following the transaction, the executive vice president directly owned 80,914 shares of the company’s stock, valued at approximately $10,861,895.36. This trade represents a 8.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher Raub sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $130.69, for a total transaction of $653,450.00. Following the completion of the sale, the chief executive officer owned 42,160 shares of the company’s stock, valued at approximately $5,509,890.40. The trade was a 10.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

JXN has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Jackson Financial in a research note on Monday. Wall Street Zen upgraded shares of Jackson Financial from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Evercore set a $135.00 price objective on shares of Jackson Financial in a report on Wednesday, August 5th. Barclays set a $151.00 price objective on shares of Jackson Financial in a report on Thursday, October 8th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $140.00 target price on shares of Jackson Financial in a research report on Friday, September 18th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $134.20.

Jackson Financial Company Profile

Jackson Financial Inc is a U.S.-based financial services company focused on helping individuals and institutions pursue retirement security. Through its operating subsidiaries, the company develops and distributes annuity products designed to provide income, investment growth opportunities and protection against certain retirement-related risks.

Jackson’s offerings include variable annuities, fixed annuities and fixed-indexed annuities, along with related retirement planning solutions.