Opinions
The Panic-Proof Portfolio (Stockchase Research)
Jackson Financial Inc.
JXN-N
PAST TOP PICK
Dec 19, 2024
$86.755
Stock price when the opinion was issued
Financial Services
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Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research
JXN 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.
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Financial Services
Our 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%.