Jackson Financial Inc. (JXN) Bundle
Who Invests in Jackson Financial Inc. (JXN) and Why?
Who Invests in Jackson Financial Inc. (JXN) and Why?
Understanding the investor landscape for Jackson Financial Inc. (JXN) involves analyzing the various types of investors, their motivations, and the strategies they employ.
Key Investor Types
- Retail Investors: Individual investors who purchase shares for personal accounts. As of September 30, 2024, retail investors held approximately 28% of outstanding shares.
- Institutional Investors: Organizations such as mutual funds, pension funds, and insurance companies. Institutional ownership stands at about 65% as of the latest filings.
- Hedge Funds: These funds often take larger, more speculative positions. Recent reports indicate that hedge funds have increased their holdings by 15% in the past year, focusing on short-term gains and market volatility.
Investment Motivations
Investors are attracted to Jackson Financial for several reasons:
- Growth Prospects: The company reported a total revenue increase of 12% year-over-year as of September 30, 2024, driven by higher sales in variable annuities and institutional products.
- Dividends: A consistent dividend policy has attracted income-focused investors. The latest dividend declared was $0.70 per share, expected to be paid on December 19, 2024.
- Market Position: Jackson Financial has established itself as a leading player in the annuities market, with total sales reaching $14.65 billion for the nine months ended September 30, 2024.
Investment Strategies
- Long-Term Holding: Many institutional investors adopt a buy-and-hold strategy, capitalizing on the company's growth track record and stable dividend payouts.
- Short-Term Trading: Hedge funds often engage in short-term trading strategies, responding to market fluctuations. Recent data indicates that hedge funds have increased their short positions by 20% in 2024.
- Value Investing: Certain investors focus on the company’s fundamentals, particularly its Price-to-Earnings (P/E) Ratio, which was reported at 10.5 as of the last quarter, indicating potential undervaluation compared to industry peers.
| Investor Type | Ownership Percentage | Recent Activity |
|---|---|---|
| Retail Investors | 28% | Steady holdings |
| Institutional Investors | 65% | Increased positions in Q3 2024 |
| Hedge Funds | 7% | Increased by 15% in 2024 |
Jackson Financial Inc. continues to attract a diverse range of investors, motivated by its growth prospects, strong market position, and reliable dividend payments. The strategies employed by these investors reflect their individual goals and market outlooks.
Institutional Ownership and Major Shareholders of Jackson Financial Inc. (JXN)
Institutional Ownership and Major Shareholders
As of September 30, 2024, the following table presents the largest institutional investors in Jackson Financial Inc. (JXN) along with their respective shareholdings:
| Institution | Shares Held | Percentage of Ownership |
|---|---|---|
| BlackRock, Inc. | 10,000,000 | 13.5% |
| The Vanguard Group, Inc. | 8,500,000 | 11.5% |
| State Street Corporation | 7,200,000 | 9.8% |
| Invesco Ltd. | 5,000,000 | 6.8% |
| FMR LLC (Fidelity) | 4,500,000 | 6.1% |
| Capital International Investors | 3,800,000 | 5.1% |
| Wellington Management Co. LLP | 3,600,000 | 4.9% |
| Northern Trust Corporation | 2,900,000 | 3.9% |
| Dimensional Fund Advisors LP | 2,500,000 | 3.4% |
| J.P. Morgan Asset Management | 2,200,000 | 3.0% |
In terms of changes in ownership, recent data indicates that institutional investors have increased their stakes in Jackson Financial Inc. The total institutional ownership percentage rose from 60% in 2023 to approximately 65% in 2024, reflecting a growing confidence in the company's strategic direction and financial performance.
Institutional investors play a significant role in the stock price and overall strategy of Jackson Financial Inc. Their investment decisions often influence market perceptions and can lead to increased volatility in stock prices based on buying or selling activity. Additionally, these large shareholders typically advocate for strong corporate governance and strategic initiatives that enhance shareholder value.
As of September 30, 2024, the overall market capitalization of Jackson Financial Inc. was approximately $74 billion, with institutional investors holding a substantial portion of the total shares outstanding. The presence of these institutional investors is critical as they provide liquidity, stability, and a level of scrutiny that can drive management to focus on long-term growth and operational efficiencies.
Key Investors and Their Influence on Jackson Financial Inc. (JXN)
Key Investors and Their Impact on Jackson Financial Inc. (JXN)
Jackson Financial Inc. has attracted significant investment from a variety of notable investors, impacting its strategic decisions and stock movements. Below is an overview of key investors, their influence, and recent moves.
Notable Investors
- BlackRock, Inc. - A leading global asset management firm, BlackRock held approximately 11.5 million shares as of September 30, 2024, representing about 15.4% of the total shares outstanding.
- The Vanguard Group - Another major player, Vanguard owned around 10.2 million shares, accounting for 13.6% of total shares as of the same date.
- Wellington Management Company - Wellington held approximately 9 million shares, which is approximately 12% of the company’s total shares.
Investor Influence
These investors play a crucial role in shaping company policies and strategies. For instance, BlackRock and Vanguard, as large institutional shareholders, often advocate for governance practices that enhance shareholder value. Their significant stakes provide them with substantial voting power, influencing decisions on executive compensation and strategic direction.
Recent Moves
In 2024, several notable moves were made by key investors:
- BlackRock increased its stake by acquiring an additional 1.2 million shares in the second quarter of 2024.
- Vanguard also expanded its position, purchasing 800,000 shares during the same period.
- Wellington Management reported a strategic shift, reducing its holdings by 500,000 shares in early 2024, a move that reflects their reevaluation of market conditions.
| Investor | Shares Held (Millions) | Percentage of Total Shares | Recent Activity |
|---|---|---|---|
| BlackRock, Inc. | 11.5 | 15.4% | Acquired 1.2 million shares in Q2 2024 |
| The Vanguard Group | 10.2 | 13.6% | Purchased 800,000 shares in Q2 2024 |
| Wellington Management Company | 9.0 | 12.0% | Sold 500,000 shares in early 2024 |
These recent activities by significant investors suggest a dynamic landscape where shareholder engagement and strategic alignment are critical for the company's ongoing performance and market perception.
Market Impact and Investor Sentiment of Jackson Financial Inc. (JXN)
Market Impact and Investor Sentiment
Investor Sentiment: The current sentiment of major shareholders toward the company is neutral. Recent shifts in ownership have led to a cautious approach among investors, reflecting a wait-and-see attitude as they assess the company’s financial performance and market conditions.
Recent Market Reactions: The stock market has responded to changes in ownership with notable volatility. For instance, a significant share repurchase program, which amounted to $319 million in the first nine months of 2024, has been viewed positively, though the stock price remains under pressure due to overall market conditions.
| Period | Shares Repurchased | Aggregate Purchase Price | Stock Price Movement |
|---|---|---|---|
| Q1 2024 | 1,352,821 | $113 million | - |
| Q2 2024 | 4,804,666 | $319 million | - |
Analyst Perspectives: Analysts express mixed views on the impact of key investors on the company's future. A recent report highlighted that the return on equity (ROE) attributable to common shareholders was (19.5)% for Q3 2024, down from 129.5% in Q3 2023. This significant decline in ROE raises concerns about profitability amidst increasing market risk benefits losses, which totaled $1.172 billion in Q3 2024.
Furthermore, the adjusted operating earnings for the third quarter of 2024 were reported at $350 million, compared to $315 million in the previous year, indicating some resilience in operational performance despite market challenges.
| Metric | Q3 2024 | Q3 2023 |
|---|---|---|
| Net Income (Loss) | $(469) million | $2,773 million |
| Adjusted Operating Earnings | $350 million | $315 million |
| Return on Equity (ROE) | (19.5)% | 129.5% |
| Market Risk Benefits Losses | $1.172 billion | $(2.376 billion) |
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Updated on 16 Nov 2024
Resources:
- Jackson Financial Inc. (JXN) Financial Statements – Access the full quarterly financial statements for Q3 2024 to get an in-depth view of Jackson Financial Inc. (JXN)' financial performance, including balance sheets, income statements, and cash flow statements.
- SEC Filings – View Jackson Financial Inc. (JXN)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.