The stock of Jackson Financial Inc. (NYSE:JXN) increased by $4.13 on Tuesday to at $38.76, up 11.94 percent. The last five days have seen an average of 786,025 shares of common stock traded. 20 times new highs were reached in the current year, with a gain of $3.77. The average number of shares traded over the last 20 days was 866,291, while the average volume over the last 50 days totaled 747,817.
JXN stock appreciated 17.40% since last month. On 08/09/23, the company’s shares reached a one-month low of $31.40. The stock touched a high of $49.60 on 02/21/23, after rallying from a low of $26.70 in 52 weeks. The price of JXN stock has risen by 11.43% or $3.77 this year, reaching a new high 20 times. Still, the stock price is down -21.84% from the 52-week high.
Insider Transactions
JXN stock investors should be aware that Jackson Financial Inc. (JXN) stock had its last reported insider trading activity 15 days ago on Aug 14. On Aug 14, President and CEO, JNLD Romine Scott sold 5,000 shares at $35.07 each. This transaction resulted in the insider making $175,350. On Jun 15, Romine Scott sold 5,000 shares at a price of US$29.40. After the transaction, the insider now owns 82,386 shares. Director Noles Russell G had earlier bought 150 shares on May 30 for $29.39 a share. The transaction was completed for $4,408.
Valuation Metrics
Jackson Financial Inc. (JXN) has a trailing price-to-earnings (P/E) ratio of 8.74. Beta for the stock is 1.45. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.93, the price-to-book (PB) ratio of 0.39.
Company paid $0.62 per share in dividends, remained unchanged from $0.62 last year. A $0.07 dividend increase was reported on Tuesday February 28 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.32, and the total debt to equity ratio is 0.32. Based on annual data, it had gross profit of $7.11 billion and revenue of $14.55 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. JXN’s return on assets (ROA) during the last 12 months has been 0.20%. There was a 51.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 5.60%.
Earnings Surprise
According to Jackson Financial Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $410.0 million, while revenues fell by -1490.0% to -$749.0 million. It was predicted that Jackson Financial Inc.’s quarterly earnings would be $3.34, but it ended up being $3.5, beating the consensus by -4.60%. EBITDA was $1.52 billion for the quarter. At the end of Jackson Financial Inc.’s most recent quarter ended June 29, its total debt was $6.55 billion. Equity owned by shareholders amounts to $81.91 million.
Technical Picture
Here’s a quick look at Jackson Financial Inc.’s (JXN) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 80.63%, suggesting the stock is Overbought, with a 55.36% historical volatility rate.
The stochastic %K and %D were 77.21% and 68.06% respectively, while the average true range (ATR) was 1.43. Based on the 14-day stochastic reading of 95.49%, the RSI (14) reading is 75.04%. On the 9-day MACD Oscillator, the stock is at 1.33, and the 14-day reading is at 1.32.
Analyst Ratings
In its analyst report released on January 26, 2022, Jefferies began covering Jackson Financial Inc. (NYSE: JXN). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Jackson Financial Inc. (JXN) an Hold rating. JXN is a stock that is recommended for selling by 1 brokerage firm, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is JXN’s price target for the next 12 months?
The current consensus forecast for the stock is between $33.00 and $40.00, with a median target price of $37.50. In analyzing these forecasts, the average price target given by analysts for Jackson Financial Inc. (JXN) is $36.67.
