Hsbc Holdings PLC Has $166.48 Million Stock Position in Jackson Financial Inc. $JXN

Hsbc Holdings PLC increased its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 16.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,550,942 shares of the company’s stock after purchasing an additional 220,095 shares during the period. Hsbc Holdings PLC owned 2.28% of Jackson Financial worth $166,476,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Allworth Financial LP raised its stake in Jackson Financial by 404.0% in the third quarter. Allworth Financial LP now owns 252 shares of the company’s stock valued at $26,000 after buying an additional 202 shares during the period. Optiver Holding B.V. boosted its stake in shares of Jackson Financial by 469.2% during the 3rd quarter. Optiver Holding B.V. now owns 296 shares of the company’s stock worth $30,000 after acquiring an additional 244 shares during the period. Rothschild Investment LLC boosted its stake in shares of Jackson Financial by 79.9% during the 4th quarter. Rothschild Investment LLC now owns 322 shares of the company’s stock worth $34,000 after acquiring an additional 143 shares during the period. Plato Investment Management Ltd bought a new position in shares of Jackson Financial during the 4th quarter worth approximately $35,000. Finally, Advisory Services Network LLC acquired a new position in shares of Jackson Financial during the 3rd quarter worth approximately $37,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Wall Street Analyst Weigh In

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

Jackson Financial Trading Up 0.2%

Shares of NYSE:JXN opened at $107.05 on Friday. Jackson Financial Inc. has a 12-month low of $82.30 and a 12-month high of $123.61. The stock has a market cap of $7.47 billion, a PE ratio of -17.52 and a beta of 1.32. The business has a 50 day moving average of $108.62 and a 200-day moving average of $109.22. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.49.

Jackson Financial Announces Dividend

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

Jackson Financial 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.