M Holdings Securities Inc. Makes New $922,000 Investment in Lincoln National Co. (NYSE:LNC)

M Holdings Securities Inc. bought a new position in shares of Lincoln National Co. (NYSE:LNC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 29,068 shares of the financial services provider's stock, valued at approximately $922,000.

Several other institutional investors also recently bought and sold shares of LNC. Headlands Technologies LLC bought a new stake in shares of Lincoln National during the 4th quarter worth about $35,000. SBI Securities Co. Ltd. bought a new stake in Lincoln National during the fourth quarter worth approximately $36,000. Aster Capital Management DIFC Ltd grew its holdings in Lincoln National by 182.2% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,250 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 807 shares during the last quarter. Hillsdale Investment Management Inc. grew its holdings in Lincoln National by 30.4% during the fourth quarter. Hillsdale Investment Management Inc. now owns 1,500 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 350 shares during the last quarter. Finally, Crews Bank & Trust bought a new position in shares of Lincoln National in the fourth quarter valued at approximately $51,000. 72.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LNC has been the topic of several research analyst reports. Wells Fargo & Company lowered their price target on Lincoln National from $36.00 to $31.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. UBS Group raised their target price on Lincoln National from $32.00 to $38.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. Morgan Stanley cut their price target on Lincoln National from $42.00 to $32.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. Evercore ISI raised their price objective on shares of Lincoln National from $41.00 to $44.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 19th. Finally, Barclays upped their target price on shares of Lincoln National from $36.00 to $38.00 and gave the company an "equal weight" rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $35.91.

Lincoln National Stock Performance

Lincoln National stock traded up $0.22 on Friday, hitting $30.25. The company's stock had a trading volume of 1,555,903 shares, compared to its average volume of 1,618,680. The company has a fifty day moving average price of $35.21 and a 200-day moving average price of $34.05. The firm has a market cap of $5.16 billion, a P/E ratio of 1.65, a price-to-earnings-growth ratio of 0.30 and a beta of 1.56. Lincoln National Co. has a one year low of $25.80 and a one year high of $39.85. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.80.

Lincoln National (NYSE:LNC - Get Free Report) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.91 earnings per share for the quarter, beating analysts' consensus estimates of $1.87 by $0.04. Lincoln National had a net margin of 17.76% and a return on equity of 18.47%. On average, equities analysts anticipate that Lincoln National Co. will post 7.69 earnings per share for the current year.

Lincoln National Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 5.95%. The ex-dividend date of this dividend is Thursday, April 10th. Lincoln National's payout ratio is 9.79%.

Lincoln National Company Profile

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates in four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders.