Janus Henderson Group PLC Purchases 116,436 Shares of Jackson Financial Inc. $JXN

Janus Henderson Group PLC raised its position in Jackson Financial Inc. (NYSE:JXN) by 31.6% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 484,713 shares of the company’s stock after purchasing an additional 116,436 shares during the period. Janus Henderson Group PLC’s holdings in Jackson Financial were worth $51,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Jackson Financial in the fourth quarter valued at about $129,878,000. Hsbc Holdings PLC increased its position in Jackson Financial by 16.5% during the fourth quarter. Hsbc Holdings PLC now owns 1,550,942 shares of the company’s stock worth $166,476,000 after acquiring an additional 220,095 shares during the period. Bank of New York Mellon Corp increased its position in Jackson Financial by 31.7% during the fourth quarter. Bank of New York Mellon Corp now owns 886,106 shares of the company’s stock worth $94,503,000 after acquiring an additional 213,131 shares during the period. Amundi raised its stake in Jackson Financial by 1,446.4% in the 3rd quarter. Amundi now owns 193,825 shares of the company’s stock worth $19,696,000 after purchasing an additional 181,291 shares in the last quarter. Finally, Focus Partners Wealth bought a new stake in Jackson Financial in the 3rd quarter valued at about $15,812,000. Institutional investors own 89.96% of the company’s stock.

Jackson Financial Price Performance

Shares of NYSE:JXN opened at $122.21 on Friday. The firm has a 50 day moving average of $111.59 and a 200-day moving average of $111.02. The stock has a market capitalization of $8.52 billion, a PE ratio of -20.00 and a beta of 1.32. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.49. Jackson Financial Inc. has a 12 month low of $82.65 and a 12 month high of $126.69.

Jackson Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 11th were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, June 11th. Jackson Financial’s dividend payout ratio (DPR) is -58.92%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Barclays increased their target price on shares of Jackson Financial from $136.00 to $139.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. Keefe, Bruyette & Woods boosted their price target on Jackson Financial from $125.00 to $130.00 and gave the company a “market perform” rating in a research note on Monday, July 13th. Weiss Ratings lowered Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 12th. Wall Street Zen cut Jackson Financial from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Finally, Jefferies Financial Group upgraded Jackson Financial from a “hold” rating to a “buy” rating and upped their target price for the company from $120.00 to $140.00 in a research report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $126.40.

About Jackson Financial

Jackson Financial Inc is a U.S.-based financial services holding company headquartered in Lansing, Michigan. The company operates primarily through its principal subsidiary, Jackson National Life Insurance Company, and specializes in designing and distributing retirement products. Jackson Financial has been publicly traded on the New York Stock Exchange under the ticker JXN since its initial public offering in May 2022.

The company’s core offerings include a broad range of fixed, variable and indexed annuity products aimed at helping individuals preserve and grow retirement assets.