Bridgewater Associates LP Acquires 65,384 Shares of Lincoln National Co. (NYSE:LNC)

Bridgewater Associates LP raised its position in Lincoln National Co. (NYSE:LNC - Free Report) by 47.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 203,239 shares of the financial services provider's stock after purchasing an additional 65,384 shares during the period. Bridgewater Associates LP owned 0.12% of Lincoln National worth $6,404,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Whittier Trust Co. lifted its holdings in Lincoln National by 106.7% in the second quarter. Whittier Trust Co. now owns 835 shares of the financial services provider's stock valued at $26,000 after buying an additional 431 shares during the period. Adirondack Trust Co. bought a new position in shares of Lincoln National in the 2nd quarter worth about $31,000. Blue Trust Inc. lifted its stake in shares of Lincoln National by 535.5% in the 3rd quarter. Blue Trust Inc. now owns 1,074 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 905 shares during the period. Larson Financial Group LLC boosted its position in shares of Lincoln National by 95.3% during the 3rd quarter. Larson Financial Group LLC now owns 1,086 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 530 shares in the last quarter. Finally, Eastern Bank acquired a new stake in Lincoln National during the third quarter worth approximately $40,000. 72.81% of the stock is owned by institutional investors.

Insider Activity at Lincoln National

In related news, EVP John Christopher Kennedy sold 2,863 shares of Lincoln National stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $36.00, for a total value of $103,068.00. Following the sale, the executive vice president now owns 99,644 shares of the company's stock, valued at approximately $3,587,184. The trade was a 2.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.54% of the stock is currently owned by company insiders.

Lincoln National Stock Up 0.3 %

Lincoln National stock traded up $0.09 during trading on Friday, hitting $35.54. 455,149 shares of the company were exchanged, compared to its average volume of 1,621,417. The company has a market capitalization of $6.05 billion, a P/E ratio of 25.39, a PEG ratio of 0.32 and a beta of 1.79. The business's 50 day moving average is $33.39 and its 200 day moving average is $32.05. Lincoln National Co. has a 52 week low of $23.40 and a 52 week 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 posted its earnings results on Thursday, October 31st. The financial services provider reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.42. Lincoln National had a net margin of 2.51% and a return on equity of 18.15%. The firm had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.61 billion. During the same quarter in the prior year, the business posted $0.23 EPS. The business's revenue was down 2.2% compared to the same quarter last year. Analysts predict that Lincoln National Co. will post 6.53 earnings per share for the current year.

Lincoln National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.80 annualized dividend and a dividend yield of 5.06%. Lincoln National's dividend payout ratio is currently 128.57%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LNC. Morgan Stanley cut their price target on Lincoln National from $30.00 to $29.00 and set an "equal weight" rating on the stock in a report on Monday, August 19th. StockNews.com raised shares of Lincoln National from a "sell" rating to a "hold" rating in a research note on Thursday, November 7th. TD Cowen increased their price objective on shares of Lincoln National from $34.00 to $37.00 and gave the stock a "hold" rating in a research report on Wednesday. Barclays boosted their target price on Lincoln National from $35.00 to $36.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 8th. Finally, Piper Sandler cut their price target on Lincoln National from $37.00 to $34.00 and set a "neutral" rating on the stock in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Lincoln National currently has a consensus rating of "Hold" and a consensus price target of $33.25.

Lincoln National Profile

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.