Jackson Financial Inc. (NYSE:JXN) currently has a daily average trading volume of 1.19M but it saw 899490 shares traded on Thursday. With a market cap of 2.38B USD, stock’s current market price of $28.80 came falling about -0.69 while comparing to the previous closing price of $29.00. In past 52 weeks, the stock remained buoying in the range of price level as high as $49.60 and as low as $23.56. In the recent trading on the day, stock has struck highest price mark of $29.30 while lowest mark touched by it was $28.445.
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Taking a look at 20-day trading activity of Jackson Financial Inc. (JXN) gives us an average price of $31.60, while its current price level is -41.94% below from 52-week high level whereas it is 22.24% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $34.38 while that of 200 days or SMA-200 reads an average of $35.98. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.47% during that period while stretching the period over a month that increases to 4.06%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 33.23 which implies that the stock is in neutral territory.
Jackson Financial Inc. (JXN)’s stock is currently under the radar of 6 analysts who are in consensus at a 12-month price target range of between $35.00 and $42.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $35.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $42.00. Average price target assigned by them is $38.50 which highlights an upside potential of 25.19% for the stock over that period. And to attain the median price target of $38.50 assigned by those analysts, stock has to add about 25.19% of value to its current levels.
Data by FactSet Research shows that 6 analysts have issued their ratings for the stock. 1 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 1 analysts suggested the investors to Buy the stock while 4 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Hold for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, JXN’s stock price is moving -4.73% down while it is -16.93% when we observe its performance for the past one month. Year-to-date it is -17.22% down and over the past year, the stock is showing a downside performance of -11.30%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $3.15 beaten by the consensus estimate of $3.87 for the same. The company is expected to be releasing its next quarterly report in 09/15/2023, for which analysts forecasted an EPS of $3.82 while estimate for next year EPS is $15.25. For JXN, analysts are forecasting an EPS-growth rate of -6.30% for current year and estimate for EPS growth in next year is 11.10%. In next quarter, company is expected to be making quarterly sales of $1.63 billion as analysts are expecting the sales for current fiscal year at $6.44 billion and seeing the company making $6.61 billion in sales next year. Moreover, analysts are in estimates of $1.62 billion for current-quarter revenue.
Currently, Jackson Financial Inc.’s total number of outstanding shares is 83.67M with 1.53% of that held by the insiders while 91.24% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 52.60% and return on equity (ROE) at 62.40%. It has a price to earnings ratio (P/E ratio) of 0.45 while having a 1.70 of forward P/E ratio. Stock has a price to book (P/B) ratio of 0.29 while price to sale or P/S ratio amounts to 0.17. Its return on asset (ROA) is 1.80% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Vanguard Total Stock Market ETF came shrinking its share ownership by 0.84% in the Jackson Financial Inc. (JXN) increasing its stake to 3.14% with control over 21664.0 shares in the company. As per SEC documents, Vanguard Total Stock Market ETF shunned 2,585,502 of company’s common stock of worth $93.1 million as per recent closing price of the stock. Vanguard Total Stock Market ETF is not the only institutional holder which restructured its stake in Jackson Financial Inc., as T Rowe Price Mid Cap Value Fund dumped 2,497,455 shares of worth $89.93 million to bring its holdings to a total of 5093.0 shares.
