The latest trading day saw Jackson Financial (JXN) settling at $92.93, representing a -0.36% change from its previous close.
In the closing of the recent trading day, Jackson Financial (JXN) stood at $91.09, denoting a +0.33% change from the preceding trading day.
Jackson Financial - An Incredible Opportunity At Current Prices
Jackson Financial (JXN) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Jackson Financial's stock is in a medium-term upward trend, outperforming the S&P 600. The last 18 months, the stock tripled in value, reaching 20 new all-time highs. During The November-December period, the stock lost 23%, creating buyback opportunities with decent profit margins.
Does Jackson Financial (JXN) have what it takes to be a top stock pick for momentum investors? Let's find out.
Jackson Financial shares surged 175% in the past year, driven by strong sales and a favorable market environment, but are now above my $102 price target. Q3 results showed mixed performance with $4.60 EPS, missing estimates by $0.07 due to underperforming alternative investments, but operating earnings rose 11% to $350 million. Retail annuity sales jumped 59%, and Jackson is diversifying into lower-risk products, improving earnings stability and capital efficiency with a high-quality investment portfolio.
Jackson Financial Inc (NYSE:JXN ) Q3 2024 Results Conference Call November 7, 2024 9:00 AM ET Company Participants Elizabeth Werner - Head of Investor Relations Laura Prieskorn - CEO Don Cummings - Executive VP, CFO, Controller & Chief Accounting Officer Scott Romine - President & CEO of Jackson National Life Distributors LLC Conference Call Participants Alex Scott - Barclays Suneet Kamath - Jefferies Ryan Krueger - Keefe, Bruyette, & Woods Tom Gallagher - Evercore ISI Operator Hello, and welcome to the Jackson Financial Inc. 3Q '24 Earnings Call. My name is Harry, and I'll be your operator today.
The headline numbers for Jackson Financial (JXN) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Jackson Financial (JXN) came out with quarterly earnings of $4.60 per share, missing the Zacks Consensus Estimate of $4.66 per share. This compares to earnings of $3.80 per share a year ago.
Jackson Financial (JXN) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Jackson Financial (JXN) closed the most recent trading day at $102.77, moving +0.78% from the previous trading session.