Jackson Financial Inc. (NYSE: JXN) stock fell -2.02% on Tuesday to $29.55 against a previous-day closing price of $30.16. With 1.17 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.19 million shares. During the session, the Insurance – Life company that operates in wider Financial sector, reached to the highest price of $31.06 whereas the lowest price it dropped to was $29.51. The 52-week range on JXN shows that it touched its highest point at $49.60 and its lowest point at $23.56 during that stretch. It currently has a 1-year price target of $38.60. With its current market cap of 2.44 billion, JXN has annualized dividend of $2.48 while the current yield stands at 8.39%.
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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 3.83%, but this was down by -18.51% over a month. Three-month performance dropped to -36.70% while six-month performance fell -19.50%. The stock lost -11.90% in the past year, while it has lost -15.06% so far this year. A look at the trailing 12-month EPS for JXN yields 63.41 with Next year EPS estimates of 16.94. For the next quarter, that number is 3.82. This implies an EPS growth rate of 90.60% for this year and 11.06% for next year.
Float and Shares Shorts:
At present, 83.67 million JXN shares are outstanding with a float of 70.41 million shares on hand for trading. On Apr 27, 2023, short shares totaled 2.04 million, which was 2.51% higher than short shares on Mar 30, 2023. In addition to Ms. Laura Louene Prieskorn as the firm’s CEO, Pres & Director, Ms. Marcia Lynn Wadsten F.S.A. serves as its Exec. VP & CFO.
Through their ownership of 91.24% of JXN’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 48.51% of JXN, in contrast to 28.63% held by mutual funds. Shares owned by individuals account for 16.76%. As the largest shareholder in JXN with 10.13% of the stake, The Vanguard Group, Inc. holds 8,338,163 shares worth 8,338,163. A second-largest stockholder of JXN, BlackRock Fund Advisors, holds 4,415,741 shares, controlling over 5.37% of the firm’s shares. Dodge & Cox is the third largest shareholder in JXN, holding 4,186,406 shares or 5.09% stake. With a 3.12% stake in JXN, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 2,563,838 shares are owned by the mutual fund manager. The T Rowe Price Mid Cap Value Fund, which owns about 3.04% of JXN stock, is the second-largest Mutual Fund holder. It holds 2,497,455 shares valued at 89.93 million. Dodge & Cox Global Stock Fund holds 2.93% of the stake in JXN, owning 2,411,382 shares worth 86.83 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for JXN since 0 analysts follow the stock currently. 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 $42.00 and a low target of $35.00, the average target price over the next 12 months is $38.50. Based on these targets, JXN could surge 42.13% to reach the target high and rise by 18.44% to reach the target low. Reaching the average price target will result in a growth of 30.29% 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.
Summary of Insider Activity:
Insiders traded JXN stock several times over the past three months with 92 Buys and 35 Sells. In these transactions, 342,400 shares were bought while 400,640 shares were sold. The number of buy transactions has increased to 308 while that of sell transactions has risen to 81 over the past year. The total number of shares bought during that period was 744,699 while 9,199,033 shares were sold.