Jackson Financial: Excellent Capital Position Can Support More Upside [Seeking Alpha]
Jackson Financial Inc. Class A (JXN)
Company Research
Source: Seeking Alpha
The company's capital position is now stellar, with risk-based capital at 624% at year-end, well above its target. Jackson continues to de-risk its business and has created a captive reinsurer to simplify its capital and hedging needs. Shares of Jackson National ( NYSE: JXN ) have been a tremendous performer over the past year, rising 70%. Elevated rates and rising equities continue to support results, and its capital position is now stellar. Since reiterating Jackson as a “strong buy” in December , shares have rallied a further 24%, bringing their return to nearly 60% since my initial piece in September . Shares now are within 10% of my $67 price target, and with additional financial results in hand, now is an opportune time to revisit the stock. I would stay long shares and am raising my price target given results. In the company's fourth quarter , Jackson had $2.53 in operating earnings, down from $3.39 a year ago. Its private equity investments underperformed by $28 million
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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