Jackson Financial Inc. (NYSE:JXN) saw a downside of -0.65% to $32.37 after subtracting -$0.21 on Tuesday. The 5-day average trading volume is 609,606 shares of the company’s common stock. It has gained $33.45 in the past week and touched a new high 5 times within the past 5 days. An average of 595,776 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 761,995.
JXN’s 1-month performance is 4.65% or $1.49 on its low of $30.67 reached on 07/10/23. The company’s shares have touched a 52-week low of $26.70 and high of $49.60, with the stock’s rally to the 52-week high happening on 02/21/23. YTD, JXN has lost -6.96% or -$2.57 and has reached a new high 20 times. However, the current price is down -34.74% from the 52-week high price.
Insider Transactions
JXN stock investors last saw insider trading activity on Jun 15.Romine Scott (President and CEO, JNLD) most recently sold 5,000 shares at $29.40 per share on Jun 15. This transaction cost the insider $147,000. SVP and CAO, Cummings Don W, sold 9,877 shares at a price of $37.20 on Apr 18. Then, on Mar 17, SVP, Controller and CAO Cummings Don W sold 1,271 shares at a price of $36.75 per share. This transaction amounted to $46,709.
Valuation Metrics
JXN stock has a beta of 1.49. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.28 while the price-to-book (PB) in the most recent quarter is 0.33, with the price to cash flow ratio at 0.47.
The firm’s gross profit as reported stood at $7.11 billion against revenue of $14.55 billion.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 86.06% to $1.48 billion, while revenue of $2.9 billion was -96.28% off the previous quarter. Analysts expected JXN to announce $3.87 per share in earnings in its latest quarter, but it posted $3.15, representing a -18.60% surprise. EBITDA for the quarter stood at more than -$2.02 billion.
Let’s look briefly at Jackson Financial Inc. (JXN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 46.61% to suggest the stock is trending Neutral, with historical volatility in this time period at 17.09%.
The stock’s 5-day moving average is $32.31, reflecting a -1.35% or -$0.44 change from its current price. JXN is currently trading +1.74% above its 20-day SMA, -11.80% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +11.88% and SMA200 by+0.22%.
Stochastic %K and %D was 39.32% and 37.15% and the average true range (ATR) pointed at 0.95. The RSI (14) points at 50.50%, while the 14-day stochastic is at 30.86% with the period’s ATR at 0.93. The stock’s 9-day MACD Oscillator is pointing at -0.05 and -0.25 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Jackson Financial Inc. (NYSE: JXN), Jefferies launched coverage with a Buy rating. Analysts offering their rating for JXN stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate JXN as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is JXN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $33.00 and a high of $40.00, with their median price target at $37.50. Looking at these predictions, the average price target given by analysts is for Jackson Financial Inc. (JXN) stock is $37.00.
