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Stock impact report

Jackson Financial's Complexity Creates Opportunity [Seeking Alpha]

Jackson Financial Inc. Class A (JXN) 
Company Research Source: Seeking Alpha
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. Its hedge portfolio creates volatility but is working as intended over time. Shares of Jackson Financial ( NYSE: JXN ) have had a strong run over recent months toward a 52-week-high. That said, shares trade with a single-digit multiple at just a fraction of book value. While I do not expect shares to ever reach book value, I see substantial value in what is a “melting ice cube” business that generates significant cash flow for capital return to shareholders. In the company's second quarter , it earned $3.54 in adjusted operating EPS when excluding items ($3.34 with items), $0.05 ahead of consensus . This was still substantially lower than the $4.52 earned last year. Notably, headline EPS was $14.21. This dramatic difference was Show less Read more
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