Jackson Financial Inc.’s recently made public that its SVP, Controller and CAO Cummings Don W unloaded Company’s shares for reported $93871.0 on Dec 30. In the deal valued at $35.29 per share,2,660 shares were sold. As a result of this transaction, Cummings Don W now holds 25,626 shares worth roughly $ 1.16 million.
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Then, Noles Russell G bought 150 shares, generating $5,014 in total proceeds. Upon buying the shares at $33.43, the Director now owns 18,608 shares.
Before that, PRUDENTIAL PLC sold 4,500,000 shares. Jackson Financial Inc. shares valued at $121,500,000 were divested by the 10% Owner at a price of $27.00 per share. As a result of the transaction, PRUDENTIAL PLC now holds 7,635,443 shares, worth roughly $346.5 million.
Jefferies initiated its Jackson Financial Inc. [JXN] rating to a Buy in a research note published on Tuesday, January 26, 2022; the price target was $52. PT values the company’s stock at a premium of 12.73 to its Tuesday closing price. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in early December from “an Overweight” to “an Equal-weight”. Goldman began covering JXN with “Neutral” recommendation on December 03, 2021.
Price Performance Review of JXN
On Tuesday, Jackson Financial Inc. [NYSE:JXN] saw its stock jump 0.62% to $45.38. On the same session, the stock had its day’s lowest price of $45.0033, but rose to a high of $46.08. Over the last five days, the stock has lost -2.78%. Jackson Financial Inc. shares have risen nearly 30.44% since the year began. Nevertheless, the stocks have risen 10.15% over the past one year. While a 52-week high of $49.60 was reached on 02/21/23, a 52-week low of $23.56 was recorded on 01/03/23. SMA at 50 days reached $40.88, while 200 days put it at $34.07. A total of 3.67 million shares were traded, compared to the trading of 1.42 million shares in the previous session.
Levels Of Support And Resistance For JXN Stock
The 24-hour chart illustrates a support level at 44.90, which if violated will result in even more drops to 44.41. On the upside, there is a resistance level at 45.97. A further resistance level may holdings at 46.56. The Relative Strength Index (RSI) on the 14-day chart is 53.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.84%. Stochastics %K at 10.11% indicates the stock is a buying.
How much short interest is there in Jackson Financial Inc.?
A steep rise in short interest was recorded in Jackson Financial Inc. stocks on Jan 30, 2023, dropping by -0.69 million shares to a total of 2.89 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 3.58 million shares. There was a decline of -23.88%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.48% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.39.
Jackson Financial Inc. [JXN] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 8,338,163 shares, or roughly 10.04% of the outstanding JXN shares. In other words, the investor’s shares have risen by 524,555 from its previous 13-F filing of 7813608.0. Additionally, Fidelity Management & Research Co increased 3.78% of its stake after which the total value it holdings stand at $249,198,270, while BlackRock Fund Advisors reduced -11.11% of its stake to hold $199.86 million in the firm. Over the last quarter, T. Rowe Price Associates, Inc. purchased 6,052 shares of Jackson Financial Inc., while Dodge & Cox bought -86,100 shares. At present, SSgA Funds Management, Inc. is holding 2,139,635 shares valued at $94.23 million. Marshall Wace LLP owned 2,137,192 shares of the company at the time of its most recent 13F filing, worth $94.12 million.