Jackson Financial Inc. (NYSE: JXN) stock fell -1.73% on Friday to $27.91 against a previous-day closing price of $28.40. With 1.15 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.48 million shares. During the session, the Asset Management company that operates in wider Financial sector, reached to the highest price of $28.93 whereas the lowest price it dropped to was $27.88. The 52-week range on JXN shows that it touched its highest point at $47.76 and its lowest point at $22.29 during that stretch. It currently has a 1-year price target of $34.20. With its current market cap of 2.34 billion, JXN has annualized dividend of $2.20 while the current yield stands at 7.88%.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of JXN was up-trending over the past week, with a rise of 3.18%, but this was up by 8.26% over a month. Three-month performance dropped to -37.83% while six-month performance fell -26.09%. A look at the trailing 12-month EPS for JXN yields 25.17 with Next year EPS estimates of 17.09. For the next quarter, that number is 1.92. This implies an EPS growth rate of 294.90% for this year and 26.44% for next year.
Float and Shares Shorts:
At present, 86.35 million JXN shares are outstanding with a float of 75.62 million shares on hand for trading. On Jul 14, 2022, short shares totaled 7.51 million, which was 8.70% higher than short shares on Jun 14, 2022. In addition to Ms. Laura Louene Prieskorn as the firm’s CEO, Pres & Director, Mr. Paul Chadwick Myers C.F.A., CFA serves as its Vice Chairman of Jackson Holdings LLC.
Through their ownership of 78.68% of JXN’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 37.24% of JXN, in contrast to 21.05% held by mutual funds. Shares owned by individuals account for 18.82%. As the largest shareholder in JXN with 8.72% of the stake, The Vanguard Group, Inc. holds 7,521,133 shares worth 7,521,133. A second-largest stockholder of JXN, Fidelity Management & Research Co, holds 5,053,120 shares, controlling over 5.86% of the firm’s shares. Dodge & Cox is the third largest shareholder in JXN, holding 3,277,421 shares or 3.80% stake. With a 4.68% stake in JXN, the Fidelity Low Priced Stock Fund is the largest stakeholder. A total of 4,040,120 shares are owned by the mutual fund manager. The T Rowe Price Mid Cap Value Fund, which owns about 2.79% of JXN stock, is the second-largest Mutual Fund holder. It holds 2,411,300 shares valued at 64.5 million. Dodge & Cox Global Stock Fund holds 2.75% of the stake in JXN, owning 2,373,882 shares worth 63.5 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for JXN since 5 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With JXN analysts setting a high price target of $38.00 and a low target of $32.00, the average target price over the next 12 months is $34.20. Based on these targets, JXN could surge 36.15% to reach the target high and rise by 14.65% to reach the target low. Reaching the average price target will result in a growth of 22.54% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. JXN will report FY 2022 earnings on 03/01/2023. Analysts have provided yearly estimates in a range of $14.45 being high and $12.65 being low. For JXN, this leads to a yearly average estimate of $13.51. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Jackson Financial Inc. surprised analysts by -$0.66 when it reported $3.94 EPS against a consensus estimate of $4.60. The surprise factor in the prior quarter was $2.18. Based on analyst estimates, the high estimate for the next quarter is $2.47 and the low estimate is $0.75. The average estimate for the next quarter is thus $1.68.
Summary of Insider Activity:
Insiders traded JXN stock several times over the past three months with 83 Buys and 6 Sells. In these transactions, 110,189 shares were bought while 4,712,435 shares were sold. The number of buy transactions has increased to 207 while that of sell transactions has risen to 23 over the past year. The total number of shares bought during that period was 814,352 while 73,098,697 shares were sold.