Jackson Financial Inc (NYSE: JXN) is 16.86% higher on its value in year-to-date trading and has touched a low of $26.70 and a high of $59.93 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The JXN stock was last observed hovering at around $59.00 in the last trading session, with the day’s gains setting it 0.83%.
Currently trading at $59.83, the stock is 11.11% and 15.94% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.45 million and changing 1.41% at the moment leaves the stock 45.98% off its SMA200. JXN registered 45.36% gain for a year compared to 6-month gain of 59.29%. The firm has a 50-day simple moving average (SMA 50) of $2.01 and a 200-day simple moving average (SMA200) of -$5.47.
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The stock witnessed a 15.12% loss in the last 1 month and extending the period to 3 months gives it a 24.13%, and is 9.04% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.13% over the week and 3.49% over the month.
Jackson Financial Inc (JXN) has around 3840 employees, a market worth around $4.71B and $3.16B in sales. Current P/E ratio is 6.31 and Fwd P/E is 3.43. Profit margin for the company is 28.46%. Distance from 52-week low is 124.08% and -0.17% from its 52-week high. The company has generated returns on investments over the last 12 months (7.35%).
Jackson Financial Inc quarterly earnings per share for the current quarter are estimated at $3.81 with sales reaching $1.94B over the same period.The EPS is expected to grow by 22.51% this year, but quarterly earnings will post 137.20% year-over-year. Quarterly sales are estimated to grow 25.40% in year-over-year returns.
Jackson Financial Inc (JXN) Top Institutional Holders
462 institutions hold shares in Jackson Financial Inc (JXN), with institutional investors hold 94.51% of the company’s shares. The shares outstanding are 78.66M, and float is at 77.05M with Short Float at 4.73%. Institutions hold 92.88% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 9.41 million shares valued at $288.18 million. The investor’s holdings represent 11.49% of the JXN Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 6.48 million shares valued at $198.37 million to account for 7.91% of the shares outstanding. The other top investors are Dodge & Cox Inc which holds 4.18 million shares representing 5.10% and valued at over $127.85 million, while Price (T.Rowe) Associates Inc holds 5.09% of the shares totaling 4.17 million with a market value of $127.65 million.
Jackson Financial Inc (JXN) Insider Activity
The most recent transaction is an insider purchase by Kirkland Derek G,the company’sDirector. SEC filings show that Kirkland Derek G bought 3,500 shares of the company’s common stock on Mar 04 ’24 at a price of $55.67 per share for a total of $0.19 million. Following the purchase, the insider now owns 37726.0 shares.
Jackson Financial Inc disclosed in a document filed with the SEC on Dec 14 ’23 that Romine Scott (President and CEO, JNLD) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Dec 14 ’23 and was made at $50.97 per share for $0.25 million. Following the transaction, the insider now directly holds 67429.0 shares of the JXN stock.
Still, SEC filings show that on Oct 16 ’23, Romine Scott (President and CEO, JNLD) disposed off 5,000 shares at an average price of $39.67 for $0.2 million. The insider now directly holds 72,435 shares of Jackson Financial Inc (JXN).
