An extremely low forward P/E of 4.2x and PEG ratio near zero suggest compelling valuation, but the stock is trading above its price target with negative implied upside, revenue is declining at 23%, and quality metrics fall below the minimum bar — the cheap multiple does not yet compensate for the underlying deterioration.
Thesis pillars
- Extreme Valuation Low Forward Pe↓Deteriorating
- Revenue Decline Earnings Risk→Stable
- Price Above Target No Upside↓Deteriorating
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 24, 2026· older than 90 days
Jackson Financial Inc. (JXN) Stock Analysis
Financial Services · Insurance - Life
Hold if already holding. Not a fresh buy at $140.65, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; Near 52-week high (1.8% away).
Jackson Financial Inc. sells variable, RILA, fixed index, and fixed annuities to U.S. retail investors, distributing through approximately 500 broker-dealer partners and more than 2,100 RIA firms. Revenue comes from fee income tied to $351 billion in AUM, investment spread, and... Read more
Hold if already holding. Not a fresh buy at $140.65, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; Near 52-week high (1.8% away). Chart setup: No clear chart pattern; technical signals are mixed. Mixed signals. Hold existing position. Score 6.1/10, moderate confidence.
Passes 5/7 gates (positive momentum, clean insider activity, earnings proximity no date, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.
About Jackson Financial Inc.
About Jackson Financial Inc.
Jackson Financial managed $351 billion in assets under management at year-end 2025, generating $19.7 billion in total retail annuity sales across variable, registered index-linked, fixed index, fixed, and payout product lines—all distributed exclusively in the United States through approximately 500 broker-dealer partners and more than 2,100 RIA firms. The principal insurance subsidiaries, licensed in all 50 states, are subject to state insurance department oversight; Jackson National Life Insurance Company reported a statutory risk-based capital ratio of 567% on a Company Action Level basis in 2025.
Jackson Financial earns revenue from three primary streams: fee income calculated as a percentage of $257.3 billion in separate-account assets managed by wholly-owned JNAM; investment spread income from fixed annuities and institutional products ($3.5 billion in new institutional product sales and $11.0 billion in account value in 2025); and insurance premiums from the Closed Life and Annuity Blocks segment, which held $20.1 billion in total reserves at year-end 2025. The company deployed $634 million to share repurchases and paid $228 million in common dividends in 2025, generating $838 million in free cash flow. PPM, the investment management subsidiary managing $93.7 billion in total assets, earned 32% of its AUM from former parent Prudential plc and its affiliates—agreements terminable at any time by either party.
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Two single-counterparty exposures stand out in the 10-K. The reinsurance agreement with Athene covers the majority of in-force fixed and fixed index annuities, creating what the filing characterizes as a large concentration of credit risk with a single reinsurer. Separately, the Federal Home Loan Bank of Indianapolis serves as a significant institutional funding source; if FHLBI changes eligible collateral definitions or the company's creditworthiness falls below membership standards, replacement funding may prove difficult and could weigh on liquidity.
See also: Financial Services · Insurance - Life
From Jackson Financial Inc.'s most recent 10-K filing, extracted June 10, 2026.
Recent developments
updated Oct 31, 2026Recent Developments — Jackson Financial Inc.
Latest news
- NEWS What Jackson Financial Doubters Got Wrong - Simply Wall St — Simply Wall St Oct 31, 2026 positive
- NEWS How Solvency Questions At Jackson Financial (JXN) Have Changed Its Investment Story - Simply Wall St — Simply Wall St Oct 29, 2026 negative
- NEWS QVT Issues Second Report on Jackson Financial (JXN) Subsidiary Brooke Life Reinsurance Co. Underscoring Near-Term Liquid — Yahoo Finance Oct 28, 2026 neutral
- NEWS Jackson Financial Series A Preferreds: An 8% Yield With Lower Near-Term Duration Risk - Seeking Alpha — Seeking Alpha Oct 28, 2026 neutral
- NEWS Jackson Financial (NYSE:JXN) Shares Cross Above Fifty Day Moving Average - What's Next? - MarketBeat — MarketBeat Oct 28, 2026 positive
Latest item Oct 31, 2026 · Generated 2026-11-04T11:39:50Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMcounterpartyPrudential plc32%10-K Item 1A: 'Our former parent, Prudential plc, and its affiliates are significant clients of PPM, representing $29.8 billion or 32% of PPM's total assets under management'
- MEDIUMcounterpartyAthene10-K Item 1A: 'Our reinsurance agreement with Athene involves the majority of our in force fixed annuities... exposing us to a large concentration of credit risk'
- MEDIUMloan_portfolioFederal Home Loan Bank of Indianapolis10-K Item 1A: 'We are subject to liquidity risks associated with sourcing a large concentration of our funding from the Federal Home Loan Bank of Indianapolis'
Material Events(8-K, last 90d)
- 2026-04-09Item 5.02LOWChristopher A. Raub became President and CEO of PPM America, Inc. (subsidiary) on April 9, 2026; Laura L. Prieskorn (Company CEO) simultaneously resumed President role at Jackson National Life Insurance Company. Raub continues as EVP of the Company. No departure from the organization.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
2 floor-breakers·1 ceiling hit
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $140.65, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; Near 52-week high (1.8% away). Chart setup: No clear chart pattern; technical signals are mixed. Mixed signals. Hold existing position. Analyst target $125.38 reached (−10.9%), stop $132.39 (−6.2%), A.R:R -1.1:1. Score 6.1/10, moderate confidence.
Analyst target $125.38 reached (−10.9% from $140.65); no take-profit level is published. Analyst target $125.38 reached (−10.9%), stop $132.39 (−6.2%), A.R:R -1.1:1. Stop-loss: $132.39.
Analyst target reached - limited upside remaining; Near 52-week high (1.8% away); V7 low-quality RISK_OFF penalty: -0.5 (Q=4.9).
Jackson Financial Inc. trades at a P/E of 154.6 (forward 4.4). TrendMatrix value score: 6.5/10. Verdict: Hold.
8 analysts rate JXN, with a consensus score of 3.9/5. 4 analysts publish price targets averaging $148.
What does Jackson Financial Inc. do?Jackson Financial Inc. sells variable, RILA, fixed index, and fixed annuities to U.S. retail investors, distributing...
Jackson Financial Inc. sells variable, RILA, fixed index, and fixed annuities to U.S. retail investors, distributing through approximately 500 broker-dealer partners and more than 2,100 RIA firms. Revenue comes from fee income tied to $351 billion in AUM, investment spread, and insurance premiums, with total annuity sales of $19.7 billion in 2025.