Advisors Capital Management LLC Has $16.84 Million Stock Holdings in Lincoln National Co. (NYSE:LNC)

Advisors Capital Management LLC increased its position in shares of Lincoln National Co. (NYSE:LNC - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 531,023 shares of the financial services provider's stock after buying an additional 22,863 shares during the period. Advisors Capital Management LLC owned 0.31% of Lincoln National worth $16,839,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of LNC. M Holdings Securities Inc. acquired a new stake in shares of Lincoln National in the fourth quarter valued at about $29,000. Headlands Technologies LLC acquired a new stake in Lincoln National in the 4th quarter valued at approximately $35,000. SBI Securities Co. Ltd. bought a new position in Lincoln National in the 4th quarter worth approximately $36,000. Aster Capital Management DIFC Ltd boosted its position in shares of Lincoln National by 182.2% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,250 shares of the financial services provider's stock valued at $40,000 after acquiring an additional 807 shares during the period. Finally, Hillsdale Investment Management Inc. increased its position in Lincoln National by 30.4% during the fourth quarter. Hillsdale Investment Management Inc. now owns 1,500 shares of the financial services provider's stock worth $48,000 after acquiring an additional 350 shares during the period. Institutional investors own 72.81% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LNC. 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 report on Friday, February 7th. UBS Group lifted their price objective on Lincoln National from $32.00 to $38.00 and gave the stock a "neutral" rating in a report on Wednesday, April 2nd. Wells Fargo & Company cut their target price on Lincoln National from $36.00 to $31.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. 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 report on Wednesday, April 9th. Finally, Evercore ISI upped their price objective on Lincoln National from $41.00 to $44.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $35.91.

Lincoln National Trading Up 0.7 %

NYSE:LNC traded up $0.22 during trading hours on Friday, hitting $30.25. 1,555,903 shares of the stock were exchanged, compared to its average volume of 1,620,361. The company has a market capitalization of $5.16 billion, a P/E ratio of 1.65, a price-to-earnings-growth ratio of 0.30 and a beta of 1.56. 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 company's 50 day moving average is $35.37 and its two-hundred day moving average is $34.03. Lincoln National Co. has a twelve month low of $25.80 and a twelve month high of $39.85.

Lincoln National (NYSE:LNC - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.91 earnings per share (EPS) 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 anticipate 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. Shareholders of record on Thursday, April 10th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 5.95%. The ex-dividend date is Thursday, April 10th. Lincoln National's payout ratio is 9.79%.

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.