Jackson Financial: About Fairly Valued, But Growth Expected Amid High Momentum [Seeking Alpha]
Jackson Financial Inc. Class A (JXN)
Company Research
Source: Seeking Alpha
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. I outline key price levels to monitor as volatility eases. Early each year, I like to check in on how annuity sales trended for the previous year. Survey says: Another record . According to LIMRA, 2023 marked the second consecutive year of record sales for annuities. The increase was +23% compared to 2022 as retirement numbers continue to show more older workers exiting the labor force. These are tailwinds for Jackson Financial ( NYSE: JXN I reiterate my buy rating on the stock after starting coverage a year ago. Shares fell big in March 2023, but I had outlined a 'buy the dip' strategy given the company's valuation but weak chart. Now, the valuation is not as compelling, though still fair, while the chart situation has
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JXN
News
- Here's Why Jackson Financial (JXN) Rose in Q1 [Yahoo! Finance]Yahoo! Finance
- Jackson Financial Inc. (NYSE: JXN) had its price target raised by analysts at Morgan Stanley from $52.00 to $70.00. They now have an "equal weight" rating on the stock.MarketBeat
- Jackson Financial Inc. (NYSE: JXN) had its price target raised by analysts at Evercore ISI from $55.00 to $62.00. They now have an "in-line" rating on the stock.MarketBeat
- Jackson Financial Inc. (NYSE: JXN) had its price target raised by analysts at Keefe, Bruyette & Woods from $68.00 to $75.00. They now have an "outperform" rating on the stock.MarketBeat
- Jackson's Joe Caruso Receives Insured Retirement Institute's Inaugural Rising Star Award [Yahoo! Finance]Yahoo! Finance
JXN
Earnings
- 2/21/24 - Miss
JXN
Sec Filings
- 4/9/24 - Form ARS
- 4/9/24 - Form DEF
- 4/9/24 - Form DEFA14A
- JXN's page on the SEC website