It makes sense and dollars to buy Jackson Financial Inc (JXN) stock

With 1.13 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.67 million shares. During the session, the Insurance – Life company that operates in wider Financial sector, reached to the highest price of $114.0245 whereas the lowest price it dropped to was $107.5. The 52-week range on JXN shows that it touched its highest point at $115.09 and its lowest point at $38.69 during that stretch. It currently has a 1-year price target of $94.00. With its current market cap of 8.35 billion, JXN has annualized dividend of $2.72 while the current yield stands at 2.45%. Beta for the stock currently stands at 1.50.

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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 11.05%, but this was up by 12.07% over a month. Three-month performance surged to 34.40% while six-month performance rose 41.12%. The stock gained 179.29% in the past year, while it has gained 116.78% so far this year. A look at the trailing 12-month EPS for JXN yields -12.45 with Next year EPS estimates of 20.19. For the next quarter, that number is 4.76. This implies an EPS growth rate of 48.12% for this year and 6.16% for next year. EPS is expected to grow by 22.50% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -12.54%.

Float and Shares Shorts:

At present, 78.66 million JXN shares are outstanding with a float of 73.87 million shares on hand for trading. On 2024-10-15, short shares totaled 3.14 million, which was 417.0 higher than short shares on 1726185600. In addition to Ms. Laura Louene Prieskorn as the firm’s CEO, President & Director, Ms. Carrie Lynn Chelko serves as its Executive VP & General Counsel.

Institutional Ownership:

Through their ownership of 0.94038004 of JXN’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for JXN since 2 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 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 111.0 and a low target of 74.0, the average target price over the next 12 months is 91.2. Based on these targets, JXN could surge 0.01% to reach the target high and fall by -33.33% to reach the target low. Reaching the average price target will result in a decline of -17.83% from current levels.

Analysts have provided yearly estimates in a range of $19.19819 being high and $18.76371 being low. For JXN, this leads to a yearly average estimate of $18.986. The surprise factor in the prior quarter was $3.75. Based on analyst estimates, the high estimate for the next quarter is $5.0 and the low estimate is $4.44. The average estimate for the next quarter is thus $4.74.