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The closing price of Jackson Financial Inc (NYSE: JXN) was $69.58 for the day, down -1.44% from the previous closing price of $70.60. In other words, the price has decreased by -$1.44 from its previous closing price. On the day, 0.75 million shares were traded. JXN stock price reached its highest trading level at $70.16 during the session, while it also had its lowest trading level at $68.2711.
Ratios:
Our analysis of JXN’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 5409469440 and an Enterprise Value of 7780345856. As of this moment, Jackson’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.96, and their Forward P/E ratio for the next fiscal year is 3.91. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.69 while its Price-to-Book (P/B) ratio in mrq is 0.57. Its current Enterprise Value per Revenue stands at 2.463.
Stock Price History:
Over the past 52 weeks, JXN has reached a high of $70.97, while it has fallen to a 52-week low of $26.70. The 50-Day Moving Average of the stock is 14.23%, while the 200-Day Moving Average is calculated to be 49.33%.
Shares Statistics:
JXN traded an average of 876.35K shares per day over the past three months and 727110 shares per day over the past ten days. A total of 78.66M shares are outstanding, with a floating share count of 75.02M. Insiders hold about 2.09% of the company’s shares, while institutions hold 92.24% stake in the company. Shares short for JXN as of 1713139200 were 4019729 with a Short Ratio of 4.59, compared to 1710460800 on 3547429. Therefore, it implies a Short% of Shares Outstanding of 4019729 and a Short% of Float of 6.18.
Dividends & Splits
With its trailing 12-month dividend rate of 2.48, JXN has a forward annual dividend rate of 2.56. Against a Trailing Annual Dividend Yield of 0.03512748
