Market's view on Just Group
Published on April 2024
- DB pensions have announced approximately £670m of new business in the first four months of the year, which is considered on track for a good year with a market projection up to £80bn.
- Stock Watcher noted the company has gone ex-dividend with a payment of 1.50p.
- Observations show a recent decrease in share price to 102p.
- Concerns are raised about the potential impact of certain medications on brain cells while increasing longevity.
- There is a discussion about the risks that could impact the share price including regulatory capital requirement changes and the composition of unlisted assets in annuity insurers’ portfolios.
- Positive feedback on the share price rise following 2023 results and potential for steady gains if sales volumes and margins are maintained.
- Reports indicate that analysts and fund managers may take time to update their views which could lead to deeper institutional investment.
- JPMorgan has raised the price target for Just Group to £1.60 from £1.35, maintaining an Overweight rating.
- The share price is expected to flatten out temporarily until further news emerges.
- Deutsche Bank has increased its price target for Just Group to 105 pence from 90 pence, maintaining a ‘hold’ rating.
- Observations noted sales of 1.2m shares at close, reflecting a trend where larger trades occur towards the close of trading.
- Discussion about the firm’s focus on smaller deal spaces and regular servicing of standard quotations to trustees.
- An increase in trading activity and investor interest in Just Group is noted following recent favourable results.
- Mention of an article in the Financial Times discussing the UK’s pension buyout boom and the market’s response to Just Group’s performance and targets.
- Anticipation of sustainable earnings growth leading to potential annual share price increases and a rising dividend rate.