Proficio Capital Partners LLC purchased a new position in Lincoln National Co. (NYSE:LNC - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 33,118 shares of the financial services provider's stock, valued at approximately $1,050,000.
A number of other institutional investors have also made changes to their positions in LNC. OneDigital Investment Advisors LLC grew its holdings in Lincoln National by 54.1% during the third quarter. OneDigital Investment Advisors LLC now owns 11,318 shares of the financial services provider's stock worth $357,000 after acquiring an additional 3,972 shares during the period. Quest Partners LLC boosted its holdings in shares of Lincoln National by 43.1% during the third quarter. Quest Partners LLC now owns 7,573 shares of the financial services provider's stock worth $239,000 after purchasing an additional 2,282 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Lincoln National by 2.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 159,280 shares of the financial services provider's stock valued at $5,019,000 after acquiring an additional 4,365 shares in the last quarter. Moran Wealth Management LLC acquired a new position in Lincoln National in the 3rd quarter worth about $2,638,000. Finally, Massachusetts Financial Services Co. MA increased its holdings in Lincoln National by 4.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,763,703 shares of the financial services provider's stock worth $150,104,000 after buying an additional 193,025 shares during the last quarter. 72.81% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
LNC has been the topic of several recent analyst reports. TD Cowen lifted their target price on shares of Lincoln National from $34.00 to $37.00 and gave the stock a "hold" rating in a report on Wednesday, November 27th. Barclays lifted 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 report on Friday, February 7th. Keefe, Bruyette & Woods increased 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. Wells Fargo & Company lifted their target price on shares of Lincoln National from $28.00 to $36.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. Finally, Evercore ISI lifted their price target on Lincoln National from $41.00 to $44.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $37.40.
View Our Latest Report on LNC
Lincoln National Trading Up 0.9 %
Shares of Lincoln National stock traded up $0.33 on Tuesday, hitting $37.68. 1,687,516 shares of the company's stock traded hands, compared to its average volume of 1,495,533. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.27 and a quick ratio of 0.27. Lincoln National Co. has a one year low of $25.80 and a one year high of $39.85. The company has a fifty day moving average of $35.94 and a two-hundred day moving average of $33.79. The company has a market capitalization of $6.42 billion, a price-to-earnings ratio of 2.05, a price-to-earnings-growth ratio of 0.30 and a beta of 1.76.
Lincoln National (NYSE:LNC - Get Free Report) last posted its quarterly earnings data 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 net margin of 17.76% and a return on equity of 18.47%. As a group, sell-side analysts expect that Lincoln National Co. will post 7.69 earnings per share for the current year.
Lincoln National Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date is Thursday, April 10th. Lincoln National's payout ratio is presently 9.79%.
About Lincoln National
(
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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