Profile
Sector:
Financial ServicesIndustry:
Insurance - LifeCountry:
United StatesIPO:
01 September 2021Website:
http://www.jackson.comNext earnings report:
21 February 2025Last dividends:
05 September 2024Next dividends:
05 December 2024Price
regular market | 4 min agoAnalysts recommendations
Institutional Ownership
JXN Latest News
Does Jackson Financial (JXN) have what it takes to be a top stock pick for momentum investors? Let's find out.
Jackson Financial shares surged 175% in the past year, driven by strong sales and a favorable market environment, but are now above my $102 price target. Q3 results showed mixed performance with $4.60 EPS, missing estimates by $0.07 due to underperforming alternative investments, but operating earnings rose 11% to $350 million. Retail annuity sales jumped 59%, and Jackson is diversifying into lower-risk products, improving earnings stability and capital efficiency with a high-quality investment portfolio.
Jackson Financial Inc (NYSE:JXN ) Q3 2024 Results Conference Call November 7, 2024 9:00 AM ET Company Participants Elizabeth Werner - Head of Investor Relations Laura Prieskorn - CEO Don Cummings - Executive VP, CFO, Controller & Chief Accounting Officer Scott Romine - President & CEO of Jackson National Life Distributors LLC Conference Call Participants Alex Scott - Barclays Suneet Kamath - Jefferies Ryan Krueger - Keefe, Bruyette, & Woods Tom Gallagher - Evercore ISI Operator Hello, and welcome to the Jackson Financial Inc. 3Q '24 Earnings Call. My name is Harry, and I'll be your operator today.
The headline numbers for Jackson Financial (JXN) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Jackson Financial (JXN) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Jackson Financial (JXN) closed the most recent trading day at $102.77, moving +0.78% from the previous trading session.
Jackson Financial (JXN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Does Jackson Financial (JXN) have what it takes to be a top stock pick for momentum investors? Let's find out.
Jackson Financial: Business Diversification Can Drive Further Gains
I am downgrading Jackson Financial stock to a hold after a significant rally since mid-2023 and new concerns over future growth amid changing market conditions. Annuity sales surged 26% in Q2, driven by RILAs, but lower Treasury rates pose a risk. Despite strong EPS growth looking back and a low price-to-earnings ratio, JXN's valuation is uncertain.
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What type of business is Jackson Financial?
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.
What sector is Jackson Financial in?
Jackson Financial is in the Financial Services sector
What industry is Jackson Financial in?
Jackson Financial is in the Insurance - Life industry
What country is Jackson Financial from?
Jackson Financial is headquartered in United States
When did Jackson Financial go public?
Jackson Financial initial public offering (IPO) was on 01 September 2021
What is Jackson Financial website?
https://www.jackson.com
Is Jackson Financial in the S&P 500?
No, Jackson Financial is not included in the S&P 500 index
Is Jackson Financial in the NASDAQ 100?
No, Jackson Financial is not included in the NASDAQ 100 index
Is Jackson Financial in the Dow Jones?
No, Jackson Financial is not included in the Dow Jones index
When was Jackson Financial the previous earnings report?
No data
When does Jackson Financial earnings report?
The next expected earnings date for Jackson Financial is 21 February 2025