Lincoln National Co. (NYSE:LNC) Stock Holdings Increased by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its holdings in Lincoln National Co. (NYSE:LNC - Free Report) by 59.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 149,497 shares of the financial services provider's stock after buying an additional 55,992 shares during the quarter. BNP Paribas Financial Markets owned about 0.09% of Lincoln National worth $4,711,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Ellis Investment Partners LLC purchased a new position in Lincoln National in the 2nd quarter valued at approximately $1,095,000. The Manufacturers Life Insurance Company increased its stake in Lincoln National by 2.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,271 shares of the financial services provider's stock valued at $1,252,000 after purchasing an additional 1,121 shares in the last quarter. SG Americas Securities LLC purchased a new position in Lincoln National in the 2nd quarter valued at approximately $673,000. Mackenzie Financial Corp purchased a new position in Lincoln National in the 2nd quarter valued at approximately $1,548,000. Finally, Quantbot Technologies LP increased its position in Lincoln National by 46.4% during the second quarter. Quantbot Technologies LP now owns 198,557 shares of the financial services provider's stock worth $6,175,000 after buying an additional 62,929 shares in the last quarter. 72.81% of the stock is owned by institutional investors and hedge funds.

Lincoln National Stock Down 0.8 %

Shares of LNC traded down $0.28 during midday trading on Wednesday, reaching $34.63. 273,698 shares of the company were exchanged, compared to its average volume of 1,610,208. The stock has a 50-day moving average price of $33.53 and a 200-day moving average price of $32.15. The company has a market cap of $5.90 billion, a price-to-earnings ratio of 25.01, a P/E/G ratio of 0.31 and a beta of 1.77. Lincoln National Co. has a 1-year low of $23.68 and a 1-year high of $36.98. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.73.

Lincoln National (NYSE:LNC - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The financial services provider reported $2.06 EPS for the quarter, topping analysts' consensus estimates of $1.64 by $0.42. Lincoln National had a return on equity of 18.15% and a net margin of 2.51%. The company had revenue of $4.11 billion for the quarter, compared to analysts' expectations of $4.61 billion. During the same quarter in the previous year, the firm posted $0.23 earnings per share. The firm's quarterly revenue was down 2.2% on a year-over-year basis. Research analysts expect that Lincoln National Co. will post 6.62 earnings per share for the current year.

Lincoln National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 5.20%. The ex-dividend date of this dividend is Friday, January 10th. Lincoln National's dividend payout ratio (DPR) is 128.57%.

Wall Street Analyst Weigh In

Several research firms have weighed in on LNC. TD Cowen raised their price target on Lincoln National from $34.00 to $37.00 and gave the stock a "hold" rating in a research report on Wednesday, November 27th. Wells Fargo & Company raised their price target on Lincoln National from $28.00 to $29.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 10th. Morgan Stanley dropped their price target on Lincoln National from $30.00 to $29.00 and set an "equal weight" rating for the company in a research report on Monday, August 19th. Piper Sandler lowered their price objective on Lincoln National from $37.00 to $34.00 and set a "neutral" rating for the company in a research report on Wednesday, October 2nd. Finally, StockNews.com raised Lincoln National from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $33.25.

Insider Buying and Selling

In related news, EVP John Christopher Kennedy sold 2,863 shares of the business's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $36.00, for a total value of $103,068.00. Following the completion of the sale, the executive vice president now directly owns 99,644 shares of the company's stock, valued at $3,587,184. The trade was a 2.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.54% of the company's stock.

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.