Momentum Is Strong For Jackson Financial Inc (NYSE: JXN)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Jackson Recognized for Highest Customer Service in Financial Industry for 12th Consecutive Year.

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Stocks Info

This NYSE-listed company operates within the Insurance – Life industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $61.42 and fluctuated between $62.88 as its day high and $61.19 as its day low. The current market capitalization of Jackson Financial Inc is $4.83B. A total of 6.05 million shares were traded on the day, compared to an average of 844.11K shares.

In the most recent transaction, Kirkland Derek G bought 3,500 shares of JXN for 55.67 per share on Mar 04 ’24. After the transaction, the Director now owns 37,726 company shares. In a previous transaction on Dec 14 ’23, Romine Scott sold 5,000 shares at 50.97 per share. JXN shares that President and CEO, JNLD owns now total 67,429.

Among the insiders who sold shares, Romine Scott disposed of 5,000 shares on Oct 16 ’23 at a per-share price of $39.67. This resulted in the President and CEO, JNLD holding 72,435 shares of JXN after the transaction. In another insider transaction, Cummings Don W sold 1,555 shares at $38.12 per share on Oct 11 ’23. Company shares held by the SVP and CAO now total 24,300.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Jackson Financial Inc pays an annual dividend of $2.56, resulting in a dividend yield of 4.17%, and it has a price to earnings (P/E) ratio of 6.48. JXN’s most recent ex-dividend date was 3/11/2024 when it declared a $0.70 quarterly dividend that was paid in cash on 3/21/2024. Previously, the company paid the dividend on 12/14/2023 with an ex-dividend date of 11/29/2023. The JXN stock dividend was $0.62 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, JXN has a high of $62.81 and a low of $26.70.

As of this writing, JXN has an earnings estimate of $3.81 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $3.89 per share and a lower estimate of $3.73. The company reported an EPS of $3.8 in the last quarter, which was 8.00% higher than expectations of $3.52.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. JXN’s latest balance sheet shows that the firm has $54.17B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $122.51, while its Total Shareholder’s Equity was $11.07B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for JXN is Buy with a score of 3.20.

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