Prudential PLC Divests All Voting Shares in Jackson Financial Inc.

TL;DR

**Prudential PLC dumped all its voting shares in Jackson Financial Inc. by Dec 31, 2023.**

AI Summary

Prudential PLC, a major life insurance company based in London, filed an amendment to its SC 13G form on January 30, 2024, indicating a significant change in its beneficial ownership of Jackson Financial Inc. common stock. As of December 31, 2023, Prudential PLC now reports owning 0 shares with sole voting power in Jackson Financial Inc., a substantial decrease from previous holdings. This matters to investors because it signals that a large institutional holder has completely divested its voting stake, potentially reducing institutional support for Jackson Financial Inc. stock.

Why It Matters

This filing shows a major institutional investor, Prudential PLC, no longer holds any voting shares in Jackson Financial Inc., which could impact investor sentiment and the stock's stability.

Risk Assessment

Risk Level: medium — The complete divestment by a large institutional investor like Prudential PLC could signal a lack of confidence or a strategic shift, potentially leading to increased volatility for Jackson Financial Inc. stock.

Analyst Insight

A smart investor would investigate the reasons behind Prudential PLC's complete divestment and assess if other institutional investors are also reducing their stakes in Jackson Financial Inc. before making investment decisions.

Key Numbers

• 0 — Shares with Sole Voting Power (Prudential PLC's current beneficial ownership in Jackson Financial Inc. as of December 31, 2023)
• $0.01 — Par Value per Share (The par value of Jackson Financial Inc. common stock)

Key Players & Entities

• Prudential PLC (company) — the reporting person that filed the SC 13G/A, divesting its shares
• Jackson Financial Inc. (company) — the subject company whose common stock is being reported on
• England and Wales (company) — place of organization for Prudential Public Limited Company
• 0 (dollar_amount) — number of shares with sole voting power beneficially owned by Prudential PLC as of December 31, 2023

Forward-Looking Statements

• Jackson Financial Inc. stock may experience increased selling pressure or volatility due to the complete divestment by Prudential PLC. (Jackson Financial Inc.) — medium confidence, target: Q1 2024

FAQ

Key Financial Figures

• $0.01 — me of Issuer) Common stock, par value $0.01 per share (Title of Class of Securiti

Filing Documents

• d747162dsc13ga.htm (SC 13G/A) — 35KB
• 0001193125-24-019060.txt ( ) — 37KB

From the Filing

SC 13G/A 1 d747162dsc13ga.htm SC 13G/A SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2)* JACKSON FINANCIAL INC. (Name of Issuer) Common stock, par value $0.01 per share (Title of Class of Securities) 46817M107 (CUSIP NUMBER) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes ). CUSIP No. 46817M107 1 NAME OF REPORTING PERSONS. PRUDENTIAL PUBLIC LIMITED COMPANY I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION England and Wales NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0% 12 TYPE OF REPORTING PERSON ( See Instructions) OO Page 2 of 5 Item1.(a) Name of Issuer Jackson Financial Inc. (b) Address of Issuers Principal Executive Offices 1 Corporate Way Lansing, Michigan, 48951 Item2.(a) Name of Person Filing This Amendment No. 2 to Schedule 13G is filed by Prudential plc, a public limited company incorporated and registered in England and Wales (the Reporting Person). (b) Address of Principal Business Office or, if none, Residence The principal business address for the Reporting Person is 13/F, One International Finance Centre, 1 Harbour View Street, Central, Hong Kong, China. (c) Citizenship The Reporting Person is a public limited company incorporated and registered in England and Wales. (d) Title of Class of Securities Common stock, par value $0.01 per share. (e) CUSIP Number 46817M107 Item3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: Not applicable. Item4. (a) Amount beneficially owned: 0 (b) Percent of class: 0% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: Page 3 of 5 0 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 0 Item5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following Item6. Not applicable. Item7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. Not applicable. Item8. Identification and Classification of Members of the Group. Not applicable. Item9. Notice of Dissolution of Group. Not applicable. Item10. Certification. Not applicable. Page 4 of 5 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: January 30, 2024 PRUDENTIAL PUBLIC LIMITED COMPANY /s/ Thomas S. Clarkson Thomas S. Clarkson Company Secretary Page 5 of 5

View Full Filing

View this SC 13G/A filing on SEC EDGAR