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Friday, 03/05/2004

Portfolio Insurance
By Nich Sheldon
JP - Jefferson Pilot

Company Description

Jefferson-Pilot Corporation, a holding company (NYSE: JP - News), is one of the nation's largest shareholder-owned life insurance companies. Jefferson Pilot's life insurance and annuity companies, principally Jefferson-Pilot Life Insurance Company, Jefferson Pilot Financial Insurance Company, and Jefferson Pilot LifeAmerica Insurance Company, together known as Jefferson Pilot Financial, offer full lines of individual and group life insurance products as well as annuity and investment products. Jefferson-Pilot Communications Company owns and operates three network television stations and 17 radio stations, and produces and syndicates sports programming. Additional information on Jefferson-Pilot can be found at www.jpfinancial.com .

[Source: Company Press Release]

Reasons to Invest:

Technically speaking, this week's Drip of the Week is ready to move. Over the past month, Jefferson Pilot (NYSE:JP) has been using its 2002 highs as support for higher grounds. JP has been trending in a tight range regression channel for the past year, and has broken over the top of this channel 3 out of the past 5 sessions in March. Usually when a stock breaks over the top of its regression channel, it is a signal of a breakout. Jefferson Pilot has a traditional 3-box reversal chart, and is in a Double Top Breakout pattern. The bullish price objective for JP is 94.00, and once we see a breakout over 55.00 there will be no overhead resistance to slow it down.

JP's fiscal year showed an increase in revenues by 5% to $3.65 billion. Net income for the company rose by 9% or $491.6 million. The company said that their increase in revenues and net income reflect fewer general and administrative expenses, as well as increased growth in Individual Products, Annuity and Investment Products, and Benefit Partners.

The company's market cap is 7.69 Billion. Their trailing P/E is 15.80 and their forward P/E is 12.86. Jefferson Pilot's gross profit is 3.48 billion, which is a profit margin of 13.48 percent. Their operating margin is 21.15 percent. They have a 52-week price change of 43.08 percent, which tallies out to 2.35 percent in relation to the S&P 500.

Based upon price performance, over the past year JP has been ranked in the top 15% of it's industry. They have a low risk rating on new entries, even though there are currently no brokers recommending the stock as a "buy" or "strong buy."

What's more exciting is that their annual dividend is $1.52 per share owned. This hefty dividend calculates out to a 2.78 percent yield. Their next dividend date is set for June 5th, 2004.

Over the next 5 years, JP is expecting a dividend percentage growth rate of 10.92. Not expecting to hold the stock for 5 DRIP for 5 years? How does a 3 year expected dividend growth rate of 10.44 percent sound? Not impressed? Well over the next year JP is expecting to see their dividend percentage to grow at 9.21 percent.

This ends another exciting episode of the DripAdvisor.com Drip of the Week. Stay tuned next week, as we will spotlight another stock worthy of the DripAdvisor.com limelight.

Until Next Week,
Nich Sheldon
Editor




DRIP Information:
Shares to Qualify = 1
Auto-reinvestment = No
Accept Foreign Accounts: Yes
Temper Enrollment: Yes

Min/Max Investment = $2,000/Month


Reinvestment Fees - 
Dividend investment fees: 0
Cash investment fees: 0
Auto reinvestment fees: N/A


Transfer Agent:
First Union Nat'l Bank 
800-829-8432


Corporate Headquarters:
100 North Greene Street
Greensboro, NC 27401
Phone: (336) 691-3000
Fax: (336) 691-3938



 
 

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