Key Details
Price
$101.00Last Dividend
$0.70Annual ROE
9.48%Beta
1.85Events Calendar
Next earnings date:
Feb 21, 2025Recent quarterly earnings:
Nov 06, 2024Recent annual earnings:
Feb 21, 2024Next ex-dividend date:
Dec 05, 2024Recent ex-dividend date:
Sept 05, 2024Next split:
N/ARecent split:
N/AAnalyst ratings
Recent major analysts updates
Market Data
Dividend
Profitability
Efficiency
Valuation
Liquidity
Cash Flow
Institutional Ownership
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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