Jackson Financial's Booming Annuity Sales Amid Slowing Stock Momentum
Jackson Financial's Booming Annuity Sales
Jackson Financial has reported a 26% growth in its annuity sales for the second quarter. This remarkable increase is largely attributed to the rising popularity of Registered Index-Linked Annuities (RILAs). Investors are optimistic about the company's direction, bolstered by strong sales metrics and market interest.
Slowing Stock Momentum and Risk Factors
Despite the surge in annuity sales, Jackson Financial faces challenges due to lower Treasury rates. These lower rates can potentially impact the company’s investment income, leading to concerns about future performance. As a result, analysts are revising their outlooks, downgrading JXN stock from buy to hold amid these shifting market conditions.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.