Morgan Stanley analyst Bob Huang has maintained their neutral stance on JXN stock, giving a Hold rating today.
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Bob Huang’s rating is based on a combination of factors affecting Jackson Financial Incorporation. The company’s Retail Annuities segment performed strongly, exceeding expectations with adjusted earnings of $468 million, driven by increased fee and spread income. However, the Closed Life and Annuity segment reported a loss, which was below expectations, and the company also faced a significant charge in its annual assumption unlocking.
Despite robust capital generation and a favorable capital return outlook, the company’s net inflows in the RILA segment did not meet expectations, and other segments faced pressures. Bob Huang’s Hold rating reflects the balance between strong capital positions and challenges in managing segment flows, suggesting that while there are strengths, uncertainties remain about the company’s ability to improve its overall operating environment.
In another report released today, KBW also maintained a Hold rating on the stock with a $103.00 price target.
Based on the recent corporate insider activity of 123 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of JXN in relation to earlier this year.