JXN Stock Recent News

LANSING, Mich.--(BUSINESS WIRE)--Jackson Financial Inc.1 (NYSE: JXN) (Jackson®) will announce financial results for the third quarter ended September 30, 2023, after market close Wednesday, November 8, 2023. Jackson's press release and supplemental financial materials will be available at investors.jackson.com. Jackson will host a conference call and webcast Thursday, November 9, 2023, at 10 a.m. ET to review the results. The live webcast is open to the public and can be accessed at investors.j.

Jackson Financial shares trade at a fraction of book value, presenting substantial value for investors, even if book value is unlikely to be achieved. The company's operating earnings have decreased due to higher rates and lower equity markets, but sales are stabilizing. Jackson has excelled in capital returns to shareholders through buybacks and dividends, with the potential for further repurchases.

Jackson Financial reported an impressive FQ2'23 adj operating earnings of $283M (+4.4% QoQ/ +25.7% YoY), contributing to the healthier balance sheet with nearly $1.5B of liquidity (inline QoQ/ +87.5% YoY). The annuity company remains well positioned to achieve its 2023 capital return target of $500M at the midpoint, with $107M of dividends and $117M of shares repurchased in H1'23. The robust demand for Registered Index-Linked Annuity [RILA] products has also well balanced the stagnant sales for variable annuity and fixed annuity products.

The shares are being added to a prominent small-cap index. They will be a component of the S&P SmallCap 600 index beginning on Friday.

Jackson Financial (JXN) came out with quarterly earnings of $3.34 per share, missing the Zacks Consensus Estimate of $3.78 per share. This compares to earnings of $2.52 per share a year ago.

Jackson Financial is a $2.8 billion market cap bank that primarily offers annuities to retail investors in the U.S. In Q1 2023, Jackson showcased quite mixed financial performance as far as I see it - mostly poor because of severe hedging losses. Despite all the risks, I think the worst may already be over for JXN.

LANSING, Mich.--(BUSINESS WIRE)--Jackson Financial Inc.1 (NYSE: JXN) (Jackson®) will announce financial results for the second quarter ended June 30, 2023, after market close Tuesday, August 8, 2023. Jackson's press release and supplemental financial materials will be available at investors.jackson.com. Jackson will host a conference call and webcast Wednesday, August 9, 2023, at 9 a.m. ET to review the results. The live webcast is open to the public and can be accessed at investors.jackson.com.

Jackson Financial faces volatility due to the March 2023 banking crisis and recent earnings miss, but its long-term prospects remain cautiously optimistic. Since the company is not a bank, it need not realize losses to shore up its balance sheet, one that we have witnessed with Silicon Valley Bank and the First Republic. JXN also boasts excellent liquidity and has no debt maturities through 2027, allowing it to maintain its 2023 capital return target.

Jackson Financial, a spin-off from Prudential, offers potential growth opportunities due to its attractive valuation and commitment to dividends and buybacks. The company faces risks such as higher interest rates affecting annuity sales and a short track record since its spin-off in 2021. Despite these risks, I believe Jackson Financial is a buy, as the current valuation provides a margin of safety even if execution is disappointing.

An essential part of becoming a very profitable investor is finding undervalued stocks to buy. Then, once the market corrects, those particular stocks go up in price relative to their true worth.