As of Thursday close, Jackson Financial Inc.’s (NYSE:JXN) stock was down -$0.4, moving down -1.05 percent to $37.60. The average number of shares traded per day over the past five days has been 4,390,780 shares. 3 times new highs have been achieved over the past 5 days, with a $3.66 gain in that time frame. In the last twenty days, the average volume was 1,778,265, while in the previous 50 days, it was 1,090,904.
Since last month, JXN stock rose 17.57%. Shares of the company fell to $31.40 on 08/09/23, the lowest level in the past month. A 52-week high of $49.60 was reached on 02/21/23 after having rallying from a 52-week low of $26.70. Since the beginning of this year, JXN’s stock price has risen by 8.08% or $2.81, and marked a new high 20 times. However, the stock has declined by -24.19% since its 52-week high.
JXN stock investors should be aware that Jackson Financial Inc. (JXN) stock had its last reported insider trading activity 18 days ago on Aug 14. Romine Scott, the President and CEO, JNLD of the company, disposed of 5,000 shares for $35.07 on Aug 14. It resulted in a $175,350 divestment by the insider. Romine Scott sold 5,000 shares at an average price of $29.40 on Jun 15. The insider now owns 82,386 shares following the transaction. On May 30, Director Noles Russell G bought 150 shares at $29.39 apiece. The transaction was valued at $4,408.
Valuation Metrics
Right now, Jackson Financial Inc. (JXN) has a P/E ratio of about 8.48. The stock’s beta is 1.44. Besides these, the trailing price-to-sales (P/S) ratio of 0.90, the price-to-book (PB) ratio of 0.38.
The latest dividend of $0.62 per share was paid out, remained unchanged from last year’s $0.62. On Tuesday February 28 2023, a $0.07 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.32, and the total debt-to-equity ratio was 0.32. Based on annual data, JXN earned $7.11 billion in gross profit and brought in $14.55 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 51.60%. Return on equity (ROE) for the past 12 months was 5.60%.
In Jackson Financial Inc.’s quarter-end financial report for June 29, it reported total debt of $2.63 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. JXN’s revenue fell -1490.0% to -$749.0 million during the quarter, while net income inched up to $410.0 million. While analysts expected Jackson Financial Inc. to report $3.5 quarterly earnings, the actual figure was $3.34 per share, beating the consensus estimate by -4.60%. During the quarter, the company generated $1.52 billion in EBITDA. The value of shareholders’ equity is $81.91 million.
Technical Picture
This quick technical analysis looks at Jackson Financial Inc.’s (JXN) price momentum. With a historical volatility rate of 72.33%, the RSI 9-day stood at 66.51% on 31 August.
With respect to its five-day moving average, the current Jackson Financial Inc. price is up by +10.78% percent or $3.66. At present, JXN shares trade +16.52% above its 20-day simple moving average and +3.50% percent above its 100-day simple moving average. However, the stock is currently trading approximately +26.86% above its SMA50 and +1.62% above its SMA200.
Stochastic coefficient K was 78.73% and Stochastic coefficient D was 78.89%, while ATR was 1.55. Given the Stochastic reading of 68.10% for the 14-day period, the RSI (14) reading has been calculated as 65.32%. As of today, the MACD Oscillator reading stands at 2.95, while the 14-day reading stands at 3.42.
Analyst Ratings
Jefferies launched its rating on Jackson Financial Inc. (NYSE: JXN) to a Buy in a note to investors on January 26, 2022. Jackson Financial Inc. (JXN) has been rated Hold by analysts. According to 1 brokerage firm, JXN is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Jackson Financial Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $37.50, the current consensus forecast for the stock is $33.00 – $40.00. Based on these forecasts, analysts predict Jackson Financial Inc. (JXN) will achieve an average price target of $36.67.
