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

Hsbc Holdings PLC lifted its holdings in Jackson Financial Inc. (NYSE:JXN) by 16.5% during the fourth quarter, HoldingsChannel.com reports. 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’s holdings in Jackson Financial were worth $166,476,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in JXN. Allworth Financial LP grew 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 purchasing an additional 202 shares in the last quarter. Rothschild Investment LLC raised its position in Jackson Financial by 79.9% during the fourth quarter. Rothschild Investment LLC now owns 322 shares of the company’s stock worth $34,000 after acquiring an additional 143 shares in the last quarter. Plato Investment Management Ltd bought a new stake in Jackson Financial during the fourth quarter worth $35,000. Advisory Services Network LLC acquired a new stake in Jackson Financial in the third quarter valued at $37,000. Finally, Employees Retirement System of Texas bought a new position in shares of Jackson Financial in the 3rd quarter valued at about $38,000. Institutional investors own 89.96% of the company’s stock.

Analyst Ratings Changes

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

Jackson Financial Stock Up 0.1%

JXN stock opened at $104.60 on Friday. Jackson Financial Inc. has a fifty-two week low of $82.65 and a fifty-two week high of $123.61. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.27 and a quick ratio of 0.27. The stock has a market capitalization of $7.29 billion, a price-to-earnings ratio of -17.12 and a beta of 1.32. The business’s fifty day moving average price is $108.38 and its two-hundred day moving average price is $109.59.

Jackson Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 11th were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Thursday, June 11th. Jackson Financial’s dividend payout ratio (DPR) is currently -58.92%.

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.