Jackson Financial: About Fairly Valued, But Growth Expected Amid High Momentum
JXNJackson(JXN) Seeking Alpha·2024-03-02 22:54

shapecharge Early each year, I like to check in on how annuity sales trended for the previous year. Survey says: Another record. According to LIMRA, 2023 marked the second consecutive year of record sales for annuities. The increase was +23% compared to 2022 as retirement numbers continue to show more older workers exiting the labor force. These are tailwinds for Jackson Financial (NYSE:JXN). I reiterate my buy rating on the stock after starting coverage a year ago. Shares fell big in March 2023, but I had ...