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

Hsbc Holdings PLC raised its stake in Jackson Financial Inc. (NYSE:JXN) by 16.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,550,942 shares of the company’s stock after buying an additional 220,095 shares during the quarter. Hsbc Holdings PLC owned 2.19% of Jackson Financial worth $166,476,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sound Income Strategies LLC raised its holdings in shares of Jackson Financial by 25.5% in the 4th quarter. Sound Income Strategies LLC now owns 483 shares of the company’s stock worth $55,000 after buying an additional 98 shares in the last quarter. Wetzel Investment Advisors Inc. raised its stake in Jackson Financial by 4.5% during the fourth quarter. Wetzel Investment Advisors Inc. now owns 2,300 shares of the company’s stock worth $245,000 after acquiring an additional 100 shares in the last quarter. Seeds Investor LLC lifted its holdings in shares of Jackson Financial by 4.5% during the fourth quarter. Seeds Investor LLC now owns 2,373 shares of the company’s stock valued at $253,000 after acquiring an additional 102 shares during the period. Triumph Capital Management boosted its stake in shares of Jackson Financial by 2.7% in the 4th quarter. Triumph Capital Management now owns 4,110 shares of the company’s stock valued at $438,000 after purchasing an additional 107 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its stake in shares of Jackson Financial by 1.7% in the 4th quarter. CIBC Asset Management Inc now owns 6,946 shares of the company’s stock valued at $741,000 after purchasing an additional 113 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Wall Street Zen cut shares of Jackson Financial from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Weiss Ratings cut Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th. Keefe, Bruyette & Woods lifted their price objective on 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, Barclays decreased their target price on Jackson Financial from $138.00 to $136.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Jackson Financial has an average rating of “Hold” and an average price target of $115.80.

Jackson Financial Stock Up 0.1%

Shares of NYSE JXN opened at $104.60 on Friday. Jackson Financial Inc. has a 52-week low of $82.65 and a 52-week high of $123.61. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.27 and a current ratio of 0.27. The stock has a market cap of $7.29 billion, a P/E ratio of -17.12 and a beta of 1.32. The firm has a 50 day moving average price of $108.38 and a 200 day moving average price of $109.59.

Jackson Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th were given a dividend of $0.90 per share. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $3.60 annualized dividend and a dividend yield of 3.4%. Jackson Financial’s dividend payout ratio is currently -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.