Summer Sale
50% off Premium Yearly
Opinions The Panic-Proof Portfolio (Stockchase Research)
Jackson Financial Inc.JXNPAST TOP PICKDec 28, 2023
Stock price when the opinion was issued
As of Jun 12, 2026. Market Open.
You might be interested:
;fill-opacity:1;'/%3e%3cpath%20d='M31%2018.6001V30H8V18.6001L14.1334%2022.4334L19.4999%2014L24.8669%2022.4334L31%2018.6001Z'%20fill='%23EE5432'%20style='fill:%23EE5432;fill:color(display-p3%200.9340%200.3310%200.1956);fill-opacity:1;'/%3e%3c/svg%3e){kind=small}
Premium contentOur PAST TOP PICK with JXN has triggered its stop at $86. To remain disciplined, we recommend covering the position at this time. When combined with our previous guidance, this will result in a net investment gain of 93%.
Premium contentPremium contentJXN has performed very strong over the last year with the stock nearly tripling. The company sells annuities to retail investors in the United States. Sustained higher rates have been a demand tailwind for JXN. Operating earnings have been growing at a high rate across most segments. The stock pays a nice yield at 3% and is very cheap at 4.9x forward earnings. EPS is expected to continue to expand significantly in 2024 with analysts forecasting nearly 37% growth. The business generates significant cash flows but is also very highly levered. We think it looks interesting and is very cheap.
Unlock Premium - Try 5i Free
Premium contentPremium contentPremium contentPremium contentPremium contentPremium contentPremium contentJXN is a US based retail annuity provider. It trades under 10x earnings, near book value, and supports a 20% ROE. Cash reserves are growing, while debt is retired and stock is bought back. We recommend placing a stop-loss at $26, looking to achieve $38 -- upside potential of 16%. Yield 7.2%
(Analysts’ price target is $37.80)
Our PAST TOP PICK with JXN is progressing well. To remain disciplined, we recommend trailing up the stop (from $35) to $41 at this time.