Jackson Financial (JXN) Stock Price, News & Analysis

Company Overview

Jackson Financial Inc., through its subsidiaries, provides suite of annuities to retail investors in the United States. The company operates through three segments: Retail Annuities, Institutional Products, and Closed Life and Annuity Blocks. The Retail Annuities segment offers various retirement income and savings products, including variable, fixed index, fixed, and payout annuities, as well as registered index-linked annuities and lifetime income solutions. The Institutional Products segment provides traditional guaranteed investment contracts; funding agreements comprising agreements issued in conjunction with its participation in the U.S. federal home loan bank program; and medium-term funding agreement-backed notes. The Closed Life and Annuity Blocks segment offers various protection products, such as whole life, universal life, variable universal life, and term life insurance products, as well as fixed, fixed index, and payout annuities; and a block of group payout annuities. The company also offers investment management services. It sells its products through a distribution network that includes independent broker-dealers, wirehouses, regional broker-dealers, banks, independent registered investment advisors, third-party platforms, and insurance agents. The company was formerly known as Brooke (Holdco1) Inc. and changed its name to Jackson Financial Inc. in July 2020. Jackson Financial Inc. was incorporated in 2006 and is headquartered in Lansing, Michigan.

Key Stats

• Today's Range: $98.81 to $102.04
• 50-Day Range: $83.57 to $113.74
• 52-Week Range: $45.61 to $115.22
• Volume: 716,825 shs
• Average Volume: 734,998 shs
• Market Capitalization: $7.53 billion
• P/E Ratio: N/A
• Dividend Yield: 2.75%
• Price Target: $84.00
• Consensus Rating: Hold

Jackson Financial Stock Analysis - MarketRank™

Jackson Financial scored higher than 38% of companies evaluated by MarketBeat, and ranked 753rd out of 922 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Jackson Financial has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 4 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Jackson Financial has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 8.56%

Earnings Growth

Earnings for Jackson Financial are expected to grow by 8.56% in the coming year, from $18.80 to $20.41 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Jackson Financial is -8.07, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Jackson Financial is -8.07, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Jackson Financial has a P/B Ratio of 0.73. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.09% of the float of Jackson Financial has been sold short.

Short Interest Ratio / Days to Cover

Jackson Financial has a short interest ratio ("days to cover") of 4.6.

Change versus previous month

Short interest in Jackson Financial has recently decreased by 3.82%, indicating that investor sentiment is improving.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Jackson Financial pays a meaningful dividend of 2.82%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Jackson Financial does not have a long track record of dividend growth.

Dividend Sustainability

Based on earnings estimates, Jackson Financial will have a dividend payout ratio of 13.72% next year. This indicates that Jackson Financial will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.09% of the float of Jackson Financial has been sold short.

Short Interest Ratio / Days to Cover

Jackson Financial has a short interest ratio ("days to cover") of 4.6.

Change versus previous month

Short interest in Jackson Financial has recently decreased by 3.82%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: 0.86

News Sentiment

Jackson Financial has a news sentiment score of 0.86. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Jackson Financial this week, compared to 7 articles on an average week.

Search Interest

Only 8 people have searched for JXN on MarketBeat in the last 30 days. This is a decrease of -27% compared to the previous 30 days.

MarketBeat Follows

5 people have added Jackson Financial to their MarketBeat watchlist in the last 30 days. This is an increase of 67% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Jackson Financial insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $502,205.00 in company stock.

Percentage Held by Insiders

Only 1.30% of the stock of Jackson Financial is held by insiders.

Percentage Held by Institutions

89.96% of the stock of Jackson Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

JXN Stock Analysis - Frequently Asked Questions

How have JXN shares performed this year?

Jackson Financial's stock was trading at $51.20 at the start of the year. Since then, JXN stock has increased by 99.2% and is now trading at $101.97.
View the best growth stocks for 2024 here.

How were Jackson Financial's earnings last quarter?

Jackson Financial Inc. (NYSE:JXN) issued its quarterly earnings results on Wednesday, November, 6th. The company reported $4.60 earnings per share for the quarter, missing the consensus estimate of $4.67 by $0.07. The company earned $2.12 billion during the quarter, compared to analysts' expectations of $1.73 billion.

How will Jackson Financial's stock buyback program work?

Jackson Financial's board approved a stock buyback program on Wednesday, August 7th 2024, which permits the company to repurchase $750,000,000 in outstanding shares, according to EventVestor. This means that the company could buy up to 10.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its stock is undervalued.

Who are Jackson Financial's major shareholders?

Jackson Financial's top institutional shareholders include State Street Corp (4.34%), Geode Capital Management LLC (2.77%), Donald Smith & CO. Inc. (2.62%) and Jacobs Levy Equity Management Inc. (1.43%). Insiders that own company stock include Plc Prudential, Dan Hagan, Paul Chadwick Myers, Laura Louene Prieskorn, Devkumar Dilip Ganguly, Scott Romine, Carrie Chelko, Don W Cummings, Derek G Kirkland, Gregory T Durant and Russell G Noles.
View institutional ownership trends.

How do I buy shares of Jackson Financial?

Shares of JXN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Jackson Financial own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Jackson Financial investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), AUO (AUOTY) and DiamondRock Hospitality (DRH).

Company Calendar

• Ex-Dividend for 9/19 Dividend: 9/05/2024
• Dividend Payable: 9/19/2024
• Last Earnings: 11/06/2024
• Today: 11/22/2024
• Ex-Dividend for 12/19 Dividend: 12/05/2024
• Dividend Payable: 12/19/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/19/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Life insurance
• Sub-Industry: Insurance
• Current Symbol: NYSE:JXN
• CUSIP: N/A
• CIK: 1822993
• Web: www.jackson.com
• Phone: 517-381-5500
• Fax: N/A
• Employees: 3,840
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $84.00
• High Stock Price Target: $111.00
• Low Stock Price Target: $47.00
• Potential Upside/Downside: -17.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($12.64)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 5.42
• P/E Growth: N/A
• Net Income: $934 million
• Net Margins: N/A
• Pretax Margin: -33.34%
• Return on Equity: 13.39%
• Return on Assets: 0.39%

Debt

• Debt-to-Equity Ratio: 0.42
• Current Ratio: 0.30
• Quick Ratio: 0.30

Sales & Book Value

• Annual Sales: $3.16 billion
• Price / Sales: 2.38
• Cash Flow: $14.08 per share
• Price / Cash Flow: 7.24
• Book Value: $140.45 per share
• Price / Book: 0.73

Miscellaneous

• Outstanding Shares: 73,860,000
• Free Float: 72,902,000
• Market Cap: $7.53 billion
• Optionable: Optionable
• Beta: 1.48