Morgan Stanley Sees Industry Cycle Shifts, Cuts Jackson Financial (JXN) Price Target
JacksonJackson(US:JXN) Yahoo Finance·2025-12-02 01:15

Core Insights - Jackson Financial Inc. (NYSE:JXN) is recognized as one of the 14 Best Up and Coming Dividend Stocks to Buy [1] - Morgan Stanley has reduced its price target for Jackson Financial from $106 to $101 while maintaining an Equal Weight rating, citing stronger life insurance earnings despite recent share price movements [2] - The company reported total revenues of $1.4 billion in Q3 2025, a decline of 33.2% year-over-year, but retail annuity sales increased by 2% to $5.4 billion [3] - CEO Laura Prieskorn announced a $1 billion increase in share repurchase authorization and confirmed a fourth-quarter dividend of $0.80 per share, with expectations for capital returns to exceed the 2025 target range of $700 million to $800 million [4] Financial Performance - Total revenues for Q3 2025 were $1.4 billion, down 33.2% from the previous year [3] - Retail annuity sales reached $5.4 billion, reflecting a 2% year-over-year increase [3] - Variable annuity sales rose to $2.9 billion, an 8% increase from Q3 2024 [3] Capital Management - Free capital generation was reported at $1 billion, with free cash flow totaling $719 million over the first three quarters [4] - Quarterly distributions to the holding company for the first nine months amounted to approximately $815 million [4] - The company has increased its share repurchase authorization by $1 billion [4]