M Holdings Securities Inc. acquired a new stake in Lincoln National Co. (NYSE:LNC - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 29,068 shares of the financial services provider's stock, valued at approximately $922,000.
A number of other large investors also recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in Lincoln National by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,373,487 shares of the financial services provider's stock valued at $106,322,000 after purchasing an additional 152,622 shares in the last quarter. Principal Financial Group Inc. raised its position in Lincoln National by 7.2% in the third quarter. Principal Financial Group Inc. now owns 3,309,453 shares of the financial services provider's stock worth $104,281,000 after acquiring an additional 223,129 shares in the last quarter. Norges Bank purchased a new stake in shares of Lincoln National during the 4th quarter worth $76,951,000. Hennessy Advisors Inc. acquired a new position in shares of Lincoln National during the 4th quarter worth $54,189,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Lincoln National by 84.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,543,624 shares of the financial services provider's stock valued at $48,948,000 after purchasing an additional 708,584 shares during the period. Hedge funds and other institutional investors own 72.81% of the company's stock.
Lincoln National Trading Up 0.7 %
Shares of NYSE LNC traded up $0.22 during trading on Friday, hitting $30.25. 1,555,903 shares of the company traded hands, compared to its average volume of 1,619,444. The company has a 50-day moving average price of $35.21 and a 200-day moving average price of $34.03. Lincoln National Co. has a 1 year low of $25.80 and a 1 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. The firm has a market capitalization of $5.16 billion, a P/E ratio of 1.65, a P/E/G ratio of 0.30 and a beta of 1.56.
Lincoln National (NYSE:LNC - Get Free Report) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, equities analysts predict that Lincoln National Co. will post 7.69 EPS for the current year.
Lincoln National Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.80 annualized dividend and a yield of 5.95%. Lincoln National's dividend payout ratio is currently 9.79%.
Wall Street Analyst Weigh In
LNC has been the subject of a number of research reports. Wells Fargo & Company reduced their price target on shares of Lincoln National from $36.00 to $31.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Evercore ISI boosted their target price on Lincoln National from $41.00 to $44.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. Barclays boosted their price objective on shares of Lincoln National from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. UBS Group raised their target price on shares of Lincoln National from $32.00 to $38.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Lincoln National from $40.00 to $38.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $35.91.
Read Our Latest Stock Report on LNC
Lincoln National Profile
(
Free Report)
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.
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