Janus Capital Group (NYSE: JNS) has seen a number

Janus Capital Group (NYSE: JNS ) has seen a number of strong insider purchases recently from John Rogers of Ariel Capital and Micheal Price of MFP Investors. The 5 year dividend growth rate of 42.12% is an obvious positive quality for investors but the -4.03% decrease in revenue growth over the same time period points to deeper issues. With the advent of cheap ETF funds and the general investor dislike for equities given the 2008 recession there are deep issues with this mutual fund company. In the recent earnings transcript the company stated that they are starting to diversify their offers to be less dependent on equities. The price to earnings ratio of 15 is reasonable considering the long term average price to earnings ratio of the whole stock market. Given the advent of cheap ETFs with substantially lower expense ratios than those offered by mutual funds there is certainly some degree of risk in this firm. Regardless of these factors Janus is profitable and although ETFs have removed some of the glory of mutual funds the reality is there has and will be demand for actively managed funds. The current price to earnings ratio is not spectacular but it is not extremely over priced either. Janus Capital Group (NYSE: JNS ) has seen a number of strong insider purchases recently from John Rogers of Ariel Capital and Micheal Price of MFP Investors. The 5 year dividend growth rate of 42.12% is an obvious positive quality for investors but the -4.03% decrease in revenue growth over the same time period points to deeper issues. With the advent of cheap ETF funds and the general investor dislike for equities given the 2008 recession there are deep issues with this mutual fund company. In the recent earnings transcript the company stated that they are starting to diversify their offers to be less dependent on equities. The price to earnings ratio of 15 is reasonable considering the long term average price to earnings ratio of the whole stock market. Given the advent of cheap ETFs with substantially lower expense ratios than those offered by mutual funds there is certainly some degree of risk in this firm. Regardless of these factors Janus is profitable and although ETFs have removed some of the glory of mutual funds the reality is there has and will be demand for actively managed funds. The current price to earnings ratio is not spectacular but it is not extremely over priced either.