Why Jackson Financial Stock Took Off on Wednesday

Dave Kovaleski, The Motley Fool
·2 min read

Jackson Financial (NYSE: JXN) saw its stock price rocket higher on Wednesday, up as much as 15.9% to over $33 per share at around 10:15 a.m. By 1:15 p.m. ET on Wednesday, the stock was up 14.6% to $32.77. All the major indexes were up big on Wednesday morning, but Jacksonʻs catalyst was its second-quarter earnings, released Tuesday after market close, which bested analystsʻ estimates. Jackson Financial is the second-largest provider of annuities in the U.S. It spun off of London-based insurance and financial services firm Prudential Plc last fall.

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