Wealthfront Advisers LLC Takes Position in Lincoln National Co. (NYSE:LNC)

Wealthfront Advisers LLC purchased a new stake 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 and Exchange Commission. The institutional investor purchased 23,828 shares of the financial services provider's stock, valued at approximately $756,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Lincoln National by 22.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,690 shares of the financial services provider's stock valued at $1,449,000 after acquiring an additional 8,487 shares in the last quarter. AlphaQuest LLC raised its position in shares of Lincoln National by 188.2% during the 4th quarter. AlphaQuest LLC now owns 21,829 shares of the financial services provider's stock valued at $692,000 after acquiring an additional 14,256 shares in the last quarter. Amundi raised its position in shares of Lincoln National by 92.0% during the 4th quarter. Amundi now owns 119,294 shares of the financial services provider's stock valued at $3,747,000 after acquiring an additional 57,152 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Lincoln National during the 4th quarter valued at approximately $8,155,000. Finally, Vision Financial Markets LLC acquired a new stake in shares of Lincoln National during the 4th quarter valued at approximately $89,000. 72.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods upped their price objective on Lincoln National from $37.00 to $40.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 12th. Evercore ISI upped their price objective on Lincoln National from $41.00 to $44.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 19th. Barclays upped their price objective on Lincoln National from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Friday, February 7th. Wells Fargo & Company upped their price objective on Lincoln National from $28.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 19th. Finally, Morgan Stanley upped their price objective on Lincoln National from $39.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Lincoln National presently has a consensus rating of "Hold" and an average price target of $37.40.

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Lincoln National Price Performance

Shares of Lincoln National stock traded up $0.48 during trading on Wednesday, hitting $37.04. The stock had a trading volume of 1,241,662 shares, compared to its average volume of 1,471,606. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market cap of $6.31 billion, a P/E ratio of 2.02, a PEG ratio of 0.30 and a beta of 1.76. The business has a fifty day moving average of $35.47 and a two-hundred day moving average of $33.64. Lincoln National Co. has a fifty-two week low of $25.80 and a fifty-two week high of $39.85.

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

Lincoln National Announces Dividend

The business also recently announced 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 4.86%. The ex-dividend date of this dividend is Thursday, April 10th. Lincoln National's dividend payout ratio is 9.79%.

Lincoln National 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.