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Jackson Financial Inc. has delivered a 150%+ return over the last year, yet its valuation remains low. The company focuses on providing annuities to retail investors and has a history of generating appealing profits. Jackson Financial's shareholder-friendly capital allocation approach and solid fee income growth make it an attractive investment option.
Jackson Financial has produced attractive returns for investors, with total returns almost tripling in less than three years. The company's financial history shows revenue and earnings volatility due to losses on derivatives and reinsurance treaties. Jackson primarily earns fees from annuity products, but their annuity business is experiencing negative net flows and a decline in income.
Does Jackson Financial (JXN) have what it takes to be a top stock pick for momentum investors? Let's find out.
LANSING, Mich.--(BUSINESS WIRE)--Jackson National Life Insurance Company (JacksonĀ®), the main operating subsidiary of Jackson Financial Inc.1 (NYSE: JXN), today released key findings from its study on how consumers and financial professionals perceive inflation risk and the associated impacts on retirement income planning. The study is the second installment of Jackson's Security in Retirement Series conducted in partnership with the Center for Retirement Research at Boston College, which aims.
CIXXF, JXN and EMBC made it to the Zacks Rank #1 (Strong Buy) value stocks list on May 15, 2024.
The headline numbers for Jackson Financial (JXN) give insight into how the company performed in the quarter ended March 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) came out with quarterly earnings of $4.23 per share, beating the Zacks Consensus Estimate of $3.67 per share. This compares to earnings of $3.15 per share a year ago.
Jackson Financial: Excellent Capital Position Can Support More Upside
Does Jackson Financial (JXN) have what it takes to be a top stock pick for momentum investors? Let's find out.
Annuity sales in 2023 reached a record high, increasing by 23% compared to the previous year. Jackson Financial is benefiting from the trend of older workers exiting the labor force and has strong growth potential amid high annuity sales. The stock has a fair valuation and positive chart momentum, making it a favorable investment for a continued rally.