After finishing at $59.83 in the prior trading day, Jackson Financial Inc (NYSE: JXN) closed at $61.69, up 3.11%. In other words, the price has increased by $+1.86 from its previous closing price. On the day, 1184168 shares were traded. JXN stock price reached its highest trading level at $62.12 during the session, while it also had its lowest trading level at $60.00.
Ratios:
Our goal is to gain a better understanding of JXN by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.20 whereas as Long-Term Debt/Eq ratio is at 0.20.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Keefe Bruyette on February 28, 2024, Upgraded its rating to Outperform and sets its target price to $68 from $49 previously.
On January 02, 2024, Jefferies Downgraded its rating to Hold which previously was Buy but kept the price unchanged to $55.
On January 26, 2022, Jefferies started tracking the stock assigning a Buy rating and target price of $52.Jefferies initiated its Buy rating on January 26, 2022, with a $52 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 04 ’24 when Kirkland Derek G bought 3,500 shares for $55.67 per share. The transaction valued at 194,845 led to the insider holds 37,726 shares of the business.
Romine Scott sold 5,000 shares of JXN for $254,850 on Dec 14 ’23. The President and CEO, JNLD now owns 67,429 shares after completing the transaction at $50.97 per share. On Oct 16 ’23, another insider, Romine Scott, who serves as the President and CEO, JNLD of the company, sold 5,000 shares for $39.67 each. As a result, the insider received 198,350 and left with 72,435 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, JXN now has a Market Capitalization of 4.78B and an Enterprise Value of 6.66B. As of this moment, Jackson’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.51, and their Forward P/E ratio for the next fiscal year is 3.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.54 while its Price-to-Book (P/B) ratio in mrq is 0.50. Its current Enterprise Value per Revenue stands at 2.06 whereas that against EBITDA is -5.59.
Stock Price History:
Over the past 52 weeks, JXN has reached a high of $60.08, while it has fallen to a 52-week low of $26.70. The 50-Day Moving Average of the stock is 51.96, while the 200-Day Moving Average is calculated to be 41.30.
Shares Statistics:
The stock has traded on average 854.58K shares per day over the past 3-months and 972.95k shares per day over the last 10 days, according to various share statistics. A total of 78.66M shares are outstanding, with a floating share count of 77.05M. Insiders hold about 2.04% of the company’s shares, while institutions hold 90.55% stake in the company. Shares short for JXN as of Feb 29, 2024 were 3.53M with a Short Ratio of 4.13, compared to 3.15M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.56% and a Short% of Float of 5.16%.
Dividends & Splits
In the trailing 12 months, JXN’s forward annual dividend rate was 2.48, compared to 2.48 this year. Against a Trailing Annual Dividend Yield of 4.15%, it implies a Forward Annual Dividend Yield of 4.54%.
Earnings Estimates
Its stock is currently analyzed by 3 different market analysts. On average, analysts expect EPS of $3.81 for the current quarter, with a high estimate of $3.89 and a low estimate of $3.73, while EPS last year was $3.15. The consensus estimate for the next quarter is $3.93, with high estimates of $3.96 and low estimates of $3.87.
Analysts are recommending an EPS of between $16 and $15.3 for the fiscal current year, implying an average EPS of $15.73. EPS for the following year is $17.45, with 4 analysts recommending between $18.01 and $17.
Revenue Estimates
2 analysts predict $1.94B in revenue for the current quarter. It ranges from a high estimate of $2.23B to a low estimate of $1.65B. As of the current estimate, Jackson Financial Inc’s year-ago sales were $1.55B, an estimated increase of 25.40% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $1.96B, an increase of 22.70% less than the figure of $25.40% in the same quarter last year. There is a high estimate of $2.25B for the next quarter, whereas the lowest estimate is $1.67B.
A total of 3 analysts have provided revenue estimates for JXN’s current fiscal year. The highest revenue estimate was $9.01B, while the lowest revenue estimate was $6.69B, resulting in an average revenue estimate of $7.49B. In the same quarter a year ago, actual revenue was $3.16B, up 137.20% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $7.64B in the next fiscal year. The high estimate is $9.28B and the low estimate is $6.79B. The average revenue growth estimate for next year is up 2.00% from the average revenue estimate for this year.
