Latest news with #JacksonFinancial
Reuters
11 hours ago
- Business
- Reuters
Brighthouse bidders narrow to TPG, Aquarian in hunt to buy US insurer, sources say
NEW YORK, June 24 (Reuters) - Brighthouse Financial (BHF.O), opens new tab has narrowed down a field of suitors to money manager TPG and Abu Dhabi-backed financial investor Aquarian Holdings, as the U.S. life insurance and annuity provider continues to explore a potential sale, according to people familiar with the matter. The pair have progressed to the final bidding round in recent days, the people said. Final bids are currently scheduled for submission in early July, although this timeline could shift, some of them added. While there was interest from other parties, including a bid from the insurance arm of investment firm Sixth Street, as well as an offer from fellow insurer Jackson Financial (JXN.N), opens new tab to buy part of Brighthouse's operations, the two remaining parties are best positioned to buy the entire company in one piece, they said. Apollo Global Management (APO.N), opens new tab, which has a substantial insurance business, was expected to be a strong contender in the Brighthouse process but ultimately did not submit a bid by the mid-June deadline for offers, according to two other sources. All of the sources, who spoke on condition of anonymity because the process is confidential, cautioned that a deal was not guaranteed and Brighthouse, which has a market value of roughly $3.4 billion, could ultimately remain an independent company. Brighthouse, Apollo and TPG declined to comment. Sixth Street, Aquarian and Jackson did not immediately respond to requests for comment. The Financial Times reported earlier on Tuesday that TPG and Aquarian had emerged as leading bidders. Charlotte, North Carolina-based Brighthouse, which was spun out of MetLife (MET.N), opens new tab in 2017, has been exploring the possibility of a sale for most of this year. It was reported in January that the company was working with bankers on a possible deal. Even as the number of contenders has narrowed in recent days, it is likely to take weeks, or even months, before a potential agreement is struck with a winner, given the time needed to complete steps including the complex due diligence process and any raising of outside finance to support their offer, the people said. U.S. life insurance and annuity providers in recent years have been attracting takeover interest from private equity firms and other asset managers that can take the underlying assets and deploy them into their various strategies. As well as earning higher returns on the insurance assets, the method helps turbo-charge firms' other products. For TPG, one of the last major alternative asset managers without a substantial insurance arm, acquiring Brighthouse would give it a platform from which to build out a broader insurance business. While Aquarian already owns some insurance assets, and formed subsidiary Aquarian Insurance Holdings in March to combine its insurance operations, buying Brighthouse is also regarded as a platform play, the sources said. Aquarian is a holding company focused on insurance and asset management businesses that is backed by investors including RedBird Capital Partners and Abu Dhabi state fund Mubadala. Brighthouse shares have gained roughly 12% so far in 2025, significantly outperforming the approximately 5% rise in the S&P insurance index (.SPXIN), opens new tab.
Yahoo
13-06-2025
- Business
- Yahoo
Jackson Financial (JXN) Stock Sinks As Market Gains: Here's Why
Jackson Financial (JXN) closed at $82.79 in the latest trading session, marking a -1.13% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.38%. On the other hand, the Dow registered a gain of 0.24%, and the technology-centric Nasdaq increased by 0.24%. The financial services company's stock has dropped by 2.84% in the past month, falling short of the Finance sector's gain of 2.88% and the S&P 500's gain of 6.6%. Analysts and investors alike will be keeping a close eye on the performance of Jackson Financial in its upcoming earnings disclosure. The company's upcoming EPS is projected at $4.66, signifying a 12.41% drop compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $1.77 billion, indicating a 36.75% downward movement from the same quarter last year. For the full year, the Zacks Consensus Estimates project earnings of $19.31 per share and a revenue of $7.1 billion, demonstrating changes of +2.77% and -22.25%, respectively, from the preceding year. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Jackson Financial. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability. Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 2.9% higher. At present, Jackson Financial boasts a Zacks Rank of #3 (Hold). Valuation is also important, so investors should note that Jackson Financial has a Forward P/E ratio of 4.34 right now. This expresses a discount compared to the average Forward P/E of 8.62 of its industry. The Insurance - Life Insurance industry is part of the Finance sector. With its current Zacks Industry Rank of 74, this industry ranks in the top 31% of all industries, numbering over 250. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Remember to apply to follow these and more stock-moving metrics during the upcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Jackson Financial Inc. (JXN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-02-2025
- Business
- Yahoo
Jackson Financial's (NYSE:JXN) Shareholders Will Receive A Bigger Dividend Than Last Year
Jackson Financial Inc.'s (NYSE:JXN) dividend will be increasing from last year's payment of the same period to $0.80 on 20th of March. This will take the dividend yield to an attractive 3.9%, providing a nice boost to shareholder returns. View our latest analysis for Jackson Financial If the payments aren't sustainable, a high yield for a few years won't matter that much. However, prior to this announcement, Jackson Financial's dividend was comfortably covered by both cash flow and earnings. This means that most of what the business earns is being used to help it grow. Over the next year, EPS is forecast to fall by 2.0%. If the dividend continues along the path it has been on recently, we estimate the payout ratio could be 24%, which is comfortable for the company to continue in the future. The dividend hasn't seen any major cuts in the past, but the company has only been paying a dividend for 3 years, which isn't that long in the grand scheme of things. The annual payment during the last 3 years was $2.00 in 2022, and the most recent fiscal year payment was $3.20. This works out to be a compound annual growth rate (CAGR) of approximately 17% a year over that time. We're not overly excited about the relatively short history of dividend payments, however the dividend is growing at a nice rate and we might take a closer look. Investors who have held shares in the company for the past few years will be happy with the dividend income they have received. Jackson Financial has impressed us by growing EPS at 11% per year over the past five years. Jackson Financial definitely has the potential to grow its dividend in the future with earnings on an uptrend and a low payout ratio. Overall, we think this could be an attractive income stock, and it is only getting better by paying a higher dividend this year. The distributions are easily covered by earnings, and there is plenty of cash being generated as well. However, it is worth noting that the earnings are expected to fall over the next year, which may not change the long term outlook, but could affect the dividend payment in the next 12 months. Taking this all into consideration, this looks like it could be a good dividend opportunity. Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. Still, investors need to consider a host of other factors, apart from dividend payments, when analysing a company. For example, we've picked out 1 warning sign for Jackson Financial that investors should know about before committing capital to this stock. Is Jackson Financial not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
