Hsbc Holdings PLC Acquires 220,095 Shares of Jackson Financial Inc. $JXN

Hsbc Holdings PLC lifted its holdings in Jackson Financial Inc. (NYSE:JXN) by 16.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,550,942 shares of the company’s stock after acquiring an additional 220,095 shares during the period. Hsbc Holdings PLC’s holdings in Jackson Financial were worth $166,476,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Norges Bank bought a new stake in Jackson Financial during the fourth quarter worth about $129,878,000. Bank of New York Mellon Corp grew its stake 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 buying an additional 213,131 shares in the last quarter. Amundi increased its holdings in Jackson Financial by 1,446.4% in the 3rd quarter. Amundi now owns 193,825 shares of the company’s stock valued at $19,696,000 after buying an additional 181,291 shares during the period. Focus Partners Wealth bought a new position in Jackson Financial in the 3rd quarter valued at about $15,812,000. Finally, Kennedy Capital Management LLC acquired a new position in shares of Jackson Financial in the 3rd quarter valued at approximately $15,806,000. 89.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on JXN. Weiss Ratings downgraded shares of Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th. Barclays decreased their price objective on shares of Jackson Financial from $138.00 to $136.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Keefe, Bruyette & Woods boosted their price objective on shares of Jackson Financial from $120.00 to $125.00 and gave the company a “market perform” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen cut Jackson Financial from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $115.80.

Jackson Financial Stock Performance

Jackson Financial stock opened at $107.05 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.49. The stock has a market cap of $7.47 billion, a PE ratio of -17.52 and a beta of 1.32. Jackson Financial Inc. has a 12-month low of $82.30 and a 12-month high of $123.61. The business’s 50-day moving average price is $108.62 and its two-hundred day moving average price is $109.22.

Jackson Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Thursday, June 11th. Jackson Financial’s dividend payout ratio (DPR) is presently -58.92%.

Jackson Financial Company Profile

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.