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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (71417)10/26/2022 10:18:20 AM
From: Rich B.1 Recommendation

Recommended By
Eric Bramble

  Read Replies (2) of 78520
 
Paul, Noticed you are holding PRU. I've been off of this board for a very long time and have been catching up on some posts.
Might I suggest JXN as an alternative to PRU. I've been watching some insurers as value plays this year. With rising rates , some of the insurers with a high percentage of annuity business will do fairly well. Rates (fixed) have been at all time lows for the last 10 years. Now all of sudden within just the last 3 months there has been increase after increase. Just noticed a 5% MYGA for 5 years. Along with fixed rate, the indexed annuities are offering much much higher caps.

I don't mean to open up a can of worms here, everyone has their own opinions on annuities.

What I do hear though is that money is streaming into these products as rates increase.

JXN ($36) ,earnings projected to be around $13.35, quarterly div $.55 (6.11%). PRU is 4.73% by comparison.

I own both, selling calls on JXN with expiration past dividend.

Thoughts?
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