Jackson Financial Inc. (NYSE:JXN)’s traded shares stood at 2.39 million during the last session. At the close of trading, the stock’s price was $34.79, to imply a decrease of -6.75% or -$2.52 in intraday trading. The JXN share’s 52-week high remains $49.60, putting it -42.57% down since that peak but still an impressive 32.28% since price per share fell to its 52-week low of $23.56. The company has a valuation of $2.94B, with an average of 1.62 million shares in intraday trading volume over the past 10 days and average of 1.19 million shares over the past 3 months.
Analysts have given a consensus recommendation of a Hold for Jackson Financial Inc. (JXN), translating to a mean rating of 2.60. Of 6 analyst(s) looking at the stock, 1 analyst(s) give JXN a Sell rating. 0 of those analysts rate the stock as Overweight while 4 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $5.21.
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Jackson Financial Inc. (NYSE:JXN) trade information
After registering a -6.75% downside in the last session, Jackson Financial Inc. (JXN) has traded red over the past five days. The stock hit a weekly high of 39.61 this Friday, 03/17/23, dropping -6.75% in its intraday price action. The 5-day price performance for the stock is -13.07%, and -28.50% over 30 days. With these gigs, the year-to-date price performance is 0.00%. Short interest in Jackson Financial Inc. (NYSE:JXN) saw shorts transact 2.89 million shares and set a 2.39 days time to cover.
Analysts on Wall Street suggest a consensus price target of $42.50, implying an increase of 18.14% to the stock’s current value. The extremes give us $36.00 and $55.00 for target low and target high price respectively. As such, JXN has been trading -58.09% off suggested target high and -3.48% from its likely low.
Jackson Financial Inc. (JXN) estimates and forecasts
Looking at statistics comparing Jackson Financial Inc. share performance against respective industry, we note that the company has outperformed competitors. Jackson Financial Inc. (JXN) shares are 7.34% up over the last 6 months, with its year-to-date growth rate higher than industry average at 5.29% against 0.00%. Revenue is forecast to shrink -30.30% this quarter before jumping 6.90% for the next one. The rating firms project that company’s revenue will shrink -27.50% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is $1.57 billion. Meanwhile, for the quarter ending Mar 2023, a total of 2 analyst(s) estimate revenue growth to $1.66 billion.Earnings reports from the last fiscal year show that sales brought in $1.62 billion and $1.68 billion respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -2.90% before dropping -1.40% in the following quarter.
Jackson Financial Inc. has its next earnings report out on March 01. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Jackson Financial Inc. has a forward dividend ratio of 2.48, with the share yield ticking at 7.13% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Jackson Financial Inc. (NYSE:JXN)’s Major holders
Jackson Financial Inc. insiders hold 1.51% of total outstanding shares, with institutional holders owning 94.36% of the shares at 95.81% float percentage. In total, 94.36% institutions holds shares in the company, led by Vanguard Group, Inc. (The). As of Sep 29, 2022, the company held over 7.94 million shares (or 9.56% of shares), all amounting to roughly $220.27 million.
The next major institution holding the largest number of shares is Apollo Management Holdings, L.P. with 7.56 million shares, or about 9.11% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $209.81 million.
We also have Fidelity Low-Priced Stock Fund and Price (T.Rowe) Mid-Cap Value Fund as the top two Mutual Funds with the largest holdings of the Jackson Financial Inc. (JXN) shares. Going by data provided on Nov 29, 2022, Fidelity Low-Priced Stock Fund holds roughly 4.26 million shares. This is just over 5.13% of the total shares, with a market valuation of $159.04 million. Data from the same date shows that the other fund manager holds a little less at 2.5 million, or 3.01% of the shares, all valued at about 69.45 million.