May 11, 2023: Lincoln National Corp, a prominent financial institution based in the United States, recently made headlines with its latest strategic investment. Reports suggest that the company has acquired a new position in Relx Plc (NYSE:RELX) during the fourth quarter of last year. This information comes from their most recent 13F filing with the Securities and Exchange Commission (SEC), which seeks to provide transparency regarding institutional investment activity.
Lincoln National Corp reportedly invested $223,000 in Relx Plc, representing its purchase of 8,029 shares of the technology company’s stock. For those unfamiliar with Relx Plc, they are a leading provider of information and analytics solutions for professional and business customers across industries. The company is known for operating through various business segments such as Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions.
Relx Plc’s Scientific, Technical & Medical segment is particularly noteworthy as it offers global information analytics services that enable institutions and professionals to advance healthcare while ensuring open science practices that benefit humanity. With this new investment from Lincoln National Corp under its belt, it appears that Relx Plc is now more readily positioned to expand this segment further while continuing to offer innovative solutions across all areas of operation.
In addition to Lincoln National Corp’s purchase of Relx shares, investors may find further interest in recent developments related to the company’s dividend policy. It was announced just days ago that Relx had declared a Semi-Annual dividend payout set for Monday, June 12th. Shareholders who held positions as of Friday, April 28th will receive a dividend payment totaling $0.466 per share. This represents an increase compared to previous payouts made by Relx during Semi-Annual periods when dividends were previously pegged at $0.44 per share.
The ex-dividend date for this upcoming payout is Thursday, April 27th, meaning that investors who sell their shares after this date will not qualify for the dividend payment. With a projected yield of 2%, those inclined to hold onto their Relx shares may find pleasure in knowing that this latest move by Lincoln National Corp, as well as the company’s dividend policy evolution, makes holding onto these stocks all the more lucrative.
In summary, both Relx Plc and Lincoln National Corp have made strategic moves with significant implications for investors. For Lincoln National Corp, its acquisition of new shares suggests confidence in Relx Plc’s ability to continue delivering returns in the future. Meanwhile, Relx Plc’s Semi-Annual dividend increase combined with its continued innovation across various business segments is expected to offer further value to those investing in their solutions moving forward. As always with financial investments, it is crucial for interested parties to stay informed of any future developments related to these companies, and act accordingly should news arise.
Investors Show Interest in Relx Plc Despite Analyst Cautions[stock_market_widget type=”chart” template=”basic” color=”#3946CE” assets=”RELX” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” api=”yf”]
Relx Plc, a technology company based in the United Kingdom, has been targeted by several hedge funds and institutional investors seeking to acquire shares at various price points. Among these are Penserra Capital Management LLC, which reportedly acquired a new stake in Relx during Q3 2023 worth $36,000, and Wipfli Financial Advisors LLC with a similar acquisition position of $42,000. Glassman Wealth Services also increased its stake in Relx by 84.3%, while Pinnacle Bancorp Inc raised their stake by 43.2% during Q4 of 2023.
These investments have helped raise the stock of Relx by $31.11 per share as of May 11th, 2023, an increase from its 1-year low of $23.39 and high of $33.89. Credit Suisse Group has also lifted their price target for Relx from GBX 2,800 ($35.33) to GBX 2,860 ($36.09), while JPMorgan Chase & Co raised their price objective on Relx from GBX 2,840 ($35.84) to GBX 3,100 ($39.12).
Despite positive movement and investor interest in Relx, some analysts remain cautious about recommending the stock to their clients. For instance, StockNews.com issued a “hold” rating for the company in March this year while Barclays cut shares of Relx from an “overweight” rating to an “equal weight” rating in January.
Currently standing at a debt-to-equity ratio of 1.56 and quick ratio of 0.53 with a moving average price of $31.88 over the past month and $29.60 over the past year respectively; it is critical for investors to perform due diligence before investing in stocks such as Relx As always with any investment decision you make should ensure that your financial goals and risk tolerance aligns with the company’s future projections.