Jackson Financial Inc (NYSE:JXN) saw an upside of 0.21% to close Friday at $38.69 after adding $0.08 on the day. The 5-day average trading volume is 952,940 shares of the company’s common stock. It has gained $40.58 in the past week and touched a new high 1 time within the past 5 days. An average of 2,165,755 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,308,894.
JXN’s 1-month performance is 13.10% or $5.55 on its low of $32.93 reached on 08/23/23. 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 achieved 11.21% or $3.90 and has reached a new high 20 times. However, the current price is down -22.00% from the 52-week high price.
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Insider Transactions
JXN stock investors last saw insider trading activity on Aug 14.Romine Scott (President and CEO, JNLD) most recently sold 5,000 shares at $35.07 per share on Aug 14. This transaction cost the insider $175,350. President and CEO, JNLD, Romine Scott, sold 5,000 shares at a price of $29.40 on Jun 15. Then, on Apr 18, SVP and CAO Cummings Don W sold 9,877 shares at a price of $37.20 per share. This transaction amounted to $367,424.
Valuation Metrics
JXN stock has a beta of 1.41. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.96 while the price-to-book (PB) in the most recent quarter is 0.39, with the price to cash flow ratio at 0.56.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.24, while the total debt to equity was 0.30. 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 June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -141.11% to $1.2 billion, while revenue of -$1.5 billion was 224.34% off the previous quarter. Analysts expected JXN to announce $3.5 per share in earnings in its latest quarter, but it posted $3.34, representing a -4.60% surprise. EBITDA for the quarter stood at more than $1.52 billion. Shareholders hold equity totaling $81.91 million.
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 22 September was 56.17% to suggest the stock is trending Neutral, with historical volatility in this time period at 26.78%.
The stock’s 5-day moving average is $39.00, reflecting a -4.07% or -$1.64 change from its current price. JXN is currently trading +14.00% above its 20-day SMA, +9.05% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +16.85% and SMA200 by+9.70%.
Stochastic %K and %D was 52.63% and 58.27% and the average true range (ATR) pointed at 1.05. The RSI (14) points at 59.46%, while the 14-day stochastic is at 50.26% with the period’s ATR at 1.10. The stock’s 9-day MACD Oscillator is pointing at -0.40 and 0.17 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 $46.00, 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 $37.67.
