The Manufacturers Life Insurance Company Lowers Holdings in Janus Henderson Group plc (NYSE:JHG)

The Manufacturers Life Insurance Company lowered its position in Janus Henderson Group plc (NYSE:JHG) by 6.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,670 shares of the company’s stock after selling 5,439 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.05% of Janus Henderson Group worth $2,719,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc purchased a new position in Janus Henderson Group during the 2nd quarter worth $34,000. Larson Financial Group LLC increased its holdings in Janus Henderson Group by 401.6% during the 2nd quarter. Larson Financial Group LLC now owns 1,249 shares of the company’s stock worth $42,000 after purchasing an additional 1,000 shares during the period. Abich Financial Wealth Management LLC increased its holdings in Janus Henderson Group by 41.9% during the 1st quarter. Abich Financial Wealth Management LLC now owns 1,420 shares of the company’s stock worth $47,000 after purchasing an additional 419 shares during the period. GAMMA Investing LLC increased its holdings in Janus Henderson Group by 159.6% during the 2nd quarter. GAMMA Investing LLC now owns 2,440 shares of the company’s stock worth $82,000 after purchasing an additional 1,500 shares during the period. Finally, Acadian Asset Management LLC increased its holdings in Janus Henderson Group by 94.5% during the 2nd quarter. Acadian Asset Management LLC now owns 2,904 shares of the company’s stock worth $97,000 after purchasing an additional 1,411 shares during the period. 87.94% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on JHG. JPMorgan Chase & Co. raised their price objective on Janus Henderson Group from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. The Goldman Sachs Group raised their price objective on Janus Henderson Group from $36.00 to $37.00 and gave the stock a “sell” rating in a report on Thursday, October 3rd. TD Cowen increased their target price on Janus Henderson Group from $37.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, July 8th. Evercore ISI increased their target price on Janus Henderson Group from $36.00 to $37.00 and gave the company an “in-line” rating in a research report on Friday, October 4th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Janus Henderson Group from $36.00 to $37.00 and gave the company a “hold” rating in a research report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Janus Henderson Group currently has a consensus rating of “Hold” and an average price target of $34.63.

Insiders Place Their Bets

In other news, major shareholder Henderson Group Plc Janus purchased 189,856 shares of the stock in a transaction on Wednesday, July 24th. The stock was bought at an average price of $3.20 per share, with a total value of $607,539.20. Following the transaction, the insider now owns 2,081,168 shares in the company, valued at $6,659,737.60. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Janus Henderson Group news, CAO Michelle Rosenberg sold 7,651 shares of Janus Henderson Group stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $36.51, for a total transaction of $279,338.01. Following the completion of the sale, the chief accounting officer now owns 89,048 shares of the company’s stock, valued at approximately $3,251,142.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Henderson Group Plc Janus purchased 189,856 shares of the stock in a transaction on Wednesday, July 24th. The shares were purchased at an average cost of $3.20 per share, with a total value of $607,539.20. Following the transaction, the insider now owns 2,081,168 shares in the company, valued at $6,659,737.60. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 25,651 shares of company stock valued at $918,158. 19.60% of the stock is owned by company insiders.

Janus Henderson Group Stock Up 0.8 %

Janus Henderson Group stock opened at $38.96 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.05 and a quick ratio of 2.67. The stock has a market capitalization of $6.25 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 0.76 and a beta of 1.50. Janus Henderson Group plc has a 1-year low of $22.17 and a 1-year high of $39.11. The business has a fifty day moving average price of $36.69 and a 200-day moving average price of $34.53.

Janus Henderson Group (NYSE:JHG) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.11. The firm had revenue of $588.40 million during the quarter, compared to analysts’ expectations of $568.79 million. Janus Henderson Group had a return on equity of 10.76% and a net margin of 21.02%. The business’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.62 EPS. Equities research analysts forecast that Janus Henderson Group plc will post 3.23 EPS for the current fiscal year.

Janus Henderson Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Monday, August 12th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.56 dividend on an annualized basis and a yield of 4.00%. Janus Henderson Group’s dividend payout ratio is currently 58.87%.

About Janus Henderson Group

Janus Henderson Group plc is an asset management holding entity. Through its subsidiaries, the firm provides services to institutional, retail clients, and high net worth clients. It manages separate client-focused equity and fixed income portfolios. The firm also manages equity, fixed income, and balanced mutual funds for its clients.