Hsbc Holdings PLC Has $142.08 Million Stock Holdings in Jackson Financial Inc. $JXN

Hsbc Holdings PLC decreased its holdings in shares of Jackson Financial Inc. (NYSE:JXN) by 19.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,592,279 shares of the company’s stock after selling 384,027 shares during the quarter. Hsbc Holdings PLC’s holdings in Jackson Financial were worth $142,078,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of JXN. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Jackson Financial by 111.6% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 438 shares of the company’s stock worth $39,000 after acquiring an additional 231 shares during the period. Brooklyn Investment Group increased its holdings in shares of Jackson Financial by 987.0% in the 1st quarter. Brooklyn Investment Group now owns 500 shares of the company’s stock valued at $42,000 after purchasing an additional 454 shares during the period. Sound Income Strategies LLC lifted its position in shares of Jackson Financial by 1,342.9% in the second quarter. Sound Income Strategies LLC now owns 505 shares of the company’s stock worth $45,000 after purchasing an additional 470 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Jackson Financial by 62.7% during the second quarter. Hantz Financial Services Inc. now owns 558 shares of the company’s stock worth $50,000 after purchasing an additional 215 shares during the period. Finally, Banque Transatlantique SA acquired a new stake in shares of Jackson Financial during the first quarter worth approximately $46,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Jackson Financial Stock Performance

Shares of JXN opened at $98.01 on Friday. The company’s fifty day moving average is $97.66 and its 200-day moving average is $92.25. Jackson Financial Inc. has a 12 month low of $64.70 and a 12 month high of $104.61. The firm has a market cap of $6.66 billion, a price-to-earnings ratio of 13.56 and a beta of 1.45. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.47.

Jackson Financial (NYSE:JXN) last released its quarterly earnings data on Wednesday, March 22nd. The company reported $6.26 earnings per share (EPS) for the quarter. The business had revenue of ($1,162.00) million during the quarter. Jackson Financial had a net margin of 1.73% and a return on equity of 15.73%. Equities analysts expect that Jackson Financial Inc. will post 20.55 EPS for the current fiscal year.

Jackson Financial declared that its Board of Directors has authorized a share buyback plan on Thursday, September 18th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 14.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Jackson Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Thursday, December 4th. Jackson Financial’s dividend payout ratio is 44.26%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on JXN shares. Morgan Stanley dropped their price objective on shares of Jackson Financial from $106.00 to $101.00 and set an “equal weight” rating on the stock in a research note on Monday, November 17th. Jefferies Financial Group boosted their price target on shares of Jackson Financial from $88.00 to $95.00 and gave the company a “hold” rating in a report on Monday, August 11th. Evercore ISI upped their price target on shares of Jackson Financial from $100.00 to $110.00 and gave the stock an “underperform” rating in a research note on Thursday, October 9th. Barclays increased their price objective on Jackson Financial from $125.00 to $128.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Jackson Financial in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $108.80.

Jackson Financial Profile

Jackson Financial Inc, through its subsidiaries, provides suite of annuities to retail investors in the United States. The company operates through three segments: Retail Annuities, Institutional Products, and Closed Life and Annuity Blocks. The Retail Annuities segment offers various retirement income and savings products, including variable, fixed index, fixed, and payout annuities, as well as registered index-linked annuities and lifetime income solutions.