M&G Investment Management Ltd. Has $9.41 Million Position in Lincoln National Co. (NYSE:LNC)

M&G Investment Management Ltd. raised its holdings in Lincoln National Co. (NYSE:LNC - Free Report) by 8.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 348,641 shares of the financial services provider's stock after acquiring an additional 27,441 shares during the quarter. M&G Investment Management Ltd. owned approximately 0.21% of Lincoln National worth $9,413,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Hsbc Holdings PLC lifted its holdings in shares of Lincoln National by 2,107.9% in the 3rd quarter. Hsbc Holdings PLC now owns 4,279,462 shares of the financial services provider's stock worth $105,703,000 after buying an additional 4,085,637 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in shares of Lincoln National by 53.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 3,157,195 shares of the financial services provider's stock worth $77,951,000 after purchasing an additional 1,098,532 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Lincoln National by 8.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,127,550 shares of the financial services provider's stock worth $57,383,000 after purchasing an additional 166,256 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Lincoln National by 5.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,068,422 shares of the financial services provider's stock worth $55,785,000 after purchasing an additional 107,769 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Lincoln National by 82.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,758,754 shares of the financial services provider's stock worth $43,424,000 after purchasing an additional 792,900 shares during the last quarter. Institutional investors own 72.81% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LNC. Keefe, Bruyette & Woods upped their price objective on Lincoln National from $30.00 to $32.00 and gave the stock a "market perform" rating in a research note on Wednesday, April 10th. Jefferies Financial Group upgraded Lincoln National from an "underperform" rating to a "hold" rating in a research note on Monday, February 12th. TheStreet cut Lincoln National from a "c" rating to a "d+" rating in a research note on Thursday, February 8th. Wells Fargo & Company decreased their price target on Lincoln National from $28.00 to $27.00 and set an "equal weight" rating for the company in a research note on Friday, May 10th. Finally, Evercore ISI increased their price target on Lincoln National from $33.00 to $35.00 and gave the company an "in-line" rating in a research note on Thursday, April 11th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Lincoln National currently has a consensus rating of "Hold" and an average target price of $28.40.

Lincoln National Price Performance

LNC traded up $0.23 during trading on Wednesday, hitting $29.98. The company's stock had a trading volume of 1,120,198 shares, compared to its average volume of 1,864,022. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.87. Lincoln National Co. has a twelve month low of $19.37 and a twelve month high of $32.43. The business's fifty day simple moving average is $28.84 and its 200 day simple moving average is $26.98. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 4.10, a P/E/G ratio of 0.20 and a beta of 1.80.

Lincoln National Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th were given a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.80 annualized dividend and a dividend yield of 6.00%. Lincoln National's dividend payout ratio (DPR) is presently 24.62%.

About Lincoln National

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.