Atria Investments Inc bought a new position in shares of Lincoln National Co. (NYSE:LNC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 7,852 shares of the financial services provider's stock, valued at approximately $249,000.
A number of other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. raised its position in Lincoln National by 7.2% in 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 buying an additional 223,129 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Lincoln National by 19.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 64,658 shares of the financial services provider's stock valued at $2,050,000 after buying an additional 10,560 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Lincoln National in the 4th quarter valued at $1,050,000. Range Financial Group LLC purchased a new stake in Lincoln National in the 4th quarter valued at $1,075,000. Finally, Geode Capital Management LLC raised its position 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 buying an additional 152,622 shares during the last quarter. 72.81% of the stock is owned by institutional investors and hedge funds.
Lincoln National Stock Performance
Shares of LNC stock traded down $0.55 on Friday, hitting $36.13. 10,519,168 shares of the stock were exchanged, compared to its average volume of 1,495,274. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $6.16 billion, a PE ratio of 1.97, a P/E/G ratio of 0.30 and a beta of 1.76. Lincoln National Co. has a one year low of $25.80 and a one year high of $39.85. The firm's 50 day moving average is $35.81 and its two-hundred day moving average is $33.72.
Lincoln National (NYSE:LNC - Get Free Report) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.91 EPS for the quarter, topping 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%. Sell-side analysts expect that Lincoln National Co. will post 7.69 earnings per share for the current fiscal 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 paid a $0.45 dividend. The ex-dividend date is Thursday, April 10th. This represents a $1.80 annualized dividend and a yield of 4.98%. Lincoln National's dividend payout ratio is currently 9.79%.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on LNC shares. Wells Fargo & Company increased their price target on Lincoln National from $28.00 to $36.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. Barclays increased their price target on Lincoln National from $36.00 to $38.00 and gave the company an "equal weight" rating in a research report on Friday, February 7th. 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. TD Cowen upped their price objective on Lincoln National from $34.00 to $37.00 and gave the company a "hold" rating in a research note on Wednesday, November 27th. Finally, Keefe, Bruyette & Woods upped their price objective on Lincoln National from $37.00 to $40.00 and gave the company a "market perform" rating in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned 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.
Get Our Latest Report on LNC
Lincoln National Company 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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