Jackson Financial Inc. (JXN) provides a suite of annuities to retail investors in the United States.
The company operates through three segments: Retail Annuities, Institutional Products, and Closed Life and Annuity Blocks.
The Retail Annuities segment offers various retirement income and savings products, including variable, fixed index, fixed, and immediate payout annuities, as well as registered index-linked annuities and lifetime income solutions.
The Institutional Products segment provides traditional guaranteed investment contracts; funding agreements comprising agreements issued in conjunction with its participation in the U.S. federal home loan bank program; and medium-term funding agreement-backed notes.
The Closed Life and Annuity Blocks segment offers various protection products, such as whole life, universal life, variable universal life, and term life insurance products, as well as fixed, fixed index, and payout annuities. This segment also provides a block of group payout annuities.
The company also offers investment management services. It sells its products through a distribution network that includes independent broker-dealers, banks and other financial institutions, wirehouses and regional broker-dealers, and independent registered investment advisors, third-party platforms, and insurance agents.
On March 2nd, Jackson Financial reported Quarter December 2021 earnings of $7.48 per share on revenue of $1.6 billion. The consensus earnings estimate was $5.28 per share on revenue of $1.8 billion. Following the report, shares have formed a bullish "cup and handle" and are in the process of moving higher from this formation.
Entry Point: $46.50
Trading Range: $22.29 - $47.76
Stop Loss: $44.00
Trading Range: $51.15
JXN closed at $42.36