Arrowstreet Capital Limited Partnership raised its stake in shares of Lincoln National Co. (NYSE:LNC - Free Report) by 84.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,543,624 shares of the financial services provider's stock after purchasing an additional 708,584 shares during the period. Arrowstreet Capital Limited Partnership owned 0.91% of Lincoln National worth $48,948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new position in shares of Lincoln National during the 4th quarter worth about $76,951,000. Hennessy Advisors Inc. purchased a new position in shares of Lincoln National during the fourth quarter valued at approximately $54,189,000. LPL Financial LLC grew its stake in shares of Lincoln National by 190.9% during the fourth quarter. LPL Financial LLC now owns 741,330 shares of the financial services provider's stock valued at $23,508,000 after buying an additional 486,478 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Lincoln National during the 4th quarter worth approximately $8,155,000. Finally, Principal Financial Group Inc. boosted its holdings in Lincoln National by 7.2% during the 3rd quarter. Principal Financial Group Inc. now owns 3,309,453 shares of the financial services provider's stock valued at $104,281,000 after acquiring an additional 223,129 shares during the period. 72.81% of the stock is owned by institutional investors.
Lincoln National Stock Down 10.3 %
Lincoln National stock traded down $3.44 during mid-day trading on Friday, reaching $29.90. 3,647,738 shares of the company were exchanged, compared to its average volume of 1,567,289. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a market cap of $5.10 billion, a P/E ratio of 1.63, a PEG ratio of 0.30 and a beta of 1.55. The business has a fifty day moving average of $36.42 and a 200 day moving average of $34.18. Lincoln National Co. has a 12-month low of $25.80 and a 12-month high of $39.85.
Lincoln National (NYSE:LNC - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.91 earnings per share 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%. Research analysts anticipate that Lincoln National Co. will post 7.69 earnings per share for the current fiscal year.
Lincoln National Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.02%. The ex-dividend date of this dividend is Thursday, April 10th. Lincoln National's payout ratio is currently 9.79%.
Wall Street Analyst Weigh In
LNC has been the topic of a number of recent analyst reports. Morgan Stanley increased their target price 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. Wells Fargo & Company lifted their price objective on shares of Lincoln National from $28.00 to $36.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. Barclays upped their target price on shares of Lincoln National from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Friday, February 7th. Evercore ISI lifted their price target on shares of Lincoln National from $41.00 to $44.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. Finally, Keefe, Bruyette & Woods boosted their price target on Lincoln National from $37.00 to $40.00 and gave the company a "market perform" rating in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $37.45.
Read Our Latest Stock Analysis on Lincoln National
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.
See Also
Before you consider Lincoln National, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lincoln National wasn't on the list.
While Lincoln National currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
