Jackson Financial: Booming Annuity Sales, Slowing Stock Momentum (Rating Downgrade) [Seeking Alpha]
Jackson Financial Inc. Class A (JXN)
Company Research
Source: Seeking Alpha
Play 7min Summary I am downgrading Jackson Financial stock to a hold after a significant rally since mid-2023 and new concerns over future growth amid changing market conditions. Annuity sales surged 26% in Q2, driven by RILAs, but lower Treasury rates pose a risk. Despite strong EPS growth looking back and a low price-to-earnings ratio, JXN's valuation is uncertain. What we know is that momentum has slowed, with RSI indicating weakness; taking profits near the upper $80s is prudent, with support around $70. Alistair Berg It was yet another banner quarter for annuity. According to LIMRA , US annuity sales soared 26% in Q2 to $109.9 billion, driven by a mix of traditional and more complex products. For the first half of the year, sales were up 20% from the same period in 2023, a record. Traditional variable annuity sales were $15.4 billion, a robust 16% year-on-year increase. Higher market interest rates compared to the last several years were certainly a boost as ol
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News
- Jackson Financial Inc (JXN) Q3 2024 Earnings Call Highlights: Record Annuity Sales and ... [Yahoo! Finance]Yahoo! Finance
- Jackson Financial Inc (JXN) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Compared to Estimates, Jackson Financial (JXN) Q3 Earnings: A Look at Key Metrics [Yahoo! Finance]Yahoo! Finance
- Jackson Financial declares $0.70 dividend [Seeking Alpha]Seeking Alpha
- Jackson Financial (JXN) Misses Q3 Earnings Estimates [Yahoo! Finance]Yahoo! Finance
JXN
Earnings
- 11/6/24 - Miss
JXN
Sec Filings
- 11/6/24 - Form 10-Q
- 11/6/24 - Form 8-K
- 11/6/24 - Form 8-K
- JXN's page on the SEC website