Jackson Financial Inc (NYSE: JXN) is 96.17% higher on its value in year-to-date trading and has touched a low of $36.06 and a high of $100.78 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 $99.98 in the last trading session, with the day’s gains setting it 0.46%.
Currently trading at $100.44, the stock is 6.14% and 13.11% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.63 million and changing 0.46% at the moment leaves the stock 39.88% off its SMA200. JXN registered 142.90% gain for a year compared to 6-month gain of 55.99%. The firm has a 50-day simple moving average (SMA 50) of $88.7974 and a 200-day simple moving average (SMA200) of $71.80335.
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The stock witnessed a 15.36% loss in the last 1 month and extending the period to 3 months gives it a 22.06%, and is 2.44% 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 1.90% over the week and 2.44% over the month.
Jackson Financial Inc (JXN) has around 3840 employees, a market worth around $7.56B and $4.41B in sales. Current P/E ratio is 3.68 and Fwd P/E is 5.03. Profit margin for the company is 50.82%. Distance from 52-week low is 178.54% and -0.34% from its 52-week high. The company has generated returns on investments over the last 12 months (19.11%).
The EPS is expected to grow by 47.87% this year
543.0 institutions hold shares in Jackson Financial Inc (JXN), with institutional investors hold 96.26% of the company’s shares. The shares outstanding are 78.66M, and float is at 73.76M with Short Float at 4.53%. Institutions hold 95.06% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 10.0 million shares valued at $742.5 million. The investor’s holdings represent 12.8089 of the JXN Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 7.41 million shares valued at $549.98 million to account for 9.4878 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 4.47 million shares representing 5.7281 and valued at over $332.03 million, while FIRST TRUST ADVISORS LP holds 4.8847 of the shares totaling 3.81 million with a market value of $283.15 million.
Jackson Financial Inc (JXN) Insider Activity
The most recent transaction is an insider sale by Chelko Carrie, the company’s EVP and General Counsel. SEC filings show that Chelko Carrie sold 5,500 shares of the company’s common stock on Sep 19 ’24 at a price of $91.31 per share for a total of $0.5 million. Following the sale, the insider now owns 61829.0 shares.
Jackson Financial Inc disclosed in a document filed with the SEC on Aug 13 ’24 that Romine Scott (President and CEO, JNLD) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Aug 13 ’24 and was made at $82.52 per share for $0.83 million. Following the transaction, the insider now directly holds 62592.0 shares of the JXN stock.
Still, SEC filings show that on Aug 13 ’24, Noles Russell G (Director) acquired 700 shares at an average price of $84.28 for $58996.0. The insider now directly holds 30,666 shares of Jackson Financial Inc (JXN).
