Caisse Des Depots ET Consignations Takes Position in Lincoln National Co. (NYSE:LNC)

Caisse Des Depots ET Consignations acquired a new stake in shares of Lincoln National Co. (NYSE:LNC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 119,079 shares of the financial services provider's stock, valued at approximately $3,776,000. Caisse Des Depots ET Consignations owned 0.07% of Lincoln National as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Forvis Mazars Wealth Advisors LLC grew its stake in Lincoln National by 3.1% in the fourth quarter. Forvis Mazars Wealth Advisors LLC now owns 11,199 shares of the financial services provider's stock valued at $355,000 after acquiring an additional 338 shares during the period. Roman Butler Fullerton & Co. increased its stake in Lincoln National by 5.5% during the 4th quarter. Roman Butler Fullerton & Co. now owns 6,610 shares of the financial services provider's stock worth $224,000 after purchasing an additional 343 shares in the last quarter. Hillsdale Investment Management Inc. raised its holdings in Lincoln National by 30.4% during the 4th quarter. Hillsdale Investment Management Inc. now owns 1,500 shares of the financial services provider's stock worth $48,000 after buying an additional 350 shares during the period. Versant Capital Management Inc lifted its stake in Lincoln National by 20.2% in the fourth quarter. Versant Capital Management Inc now owns 2,104 shares of the financial services provider's stock valued at $67,000 after buying an additional 354 shares in the last quarter. Finally, Arizona State Retirement System boosted its holdings in shares of Lincoln National by 0.9% in the fourth quarter. Arizona State Retirement System now owns 49,394 shares of the financial services provider's stock valued at $1,566,000 after buying an additional 436 shares during the period. 72.81% of the stock is currently owned by institutional investors and hedge funds.

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Lincoln National Stock Performance

Shares of Lincoln National stock traded up $0.09 during trading on Monday, hitting $35.77. 411,558 shares of the stock were exchanged, compared to its average volume of 1,545,141. 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 company has a fifty day moving average price of $36.30 and a 200-day moving average price of $34.01. The stock has a market capitalization of $6.10 billion, a price-to-earnings ratio of 1.94, a price-to-earnings-growth ratio of 0.30 and a beta of 1.76. Lincoln National Co. has a 1-year low of $25.80 and a 1-year high of $39.85.

Lincoln National (NYSE:LNC - Get Free Report) last posted its earnings results 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%. As a group, equities analysts predict that Lincoln National Co. will post 7.69 EPS 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. Investors of record on Thursday, April 10th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 5.03%. The ex-dividend date of this dividend is Thursday, April 10th. Lincoln National's payout ratio is 9.79%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on LNC shares. Wells Fargo & Company boosted their price objective on shares of Lincoln National from $28.00 to $36.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. Evercore ISI increased their price objective on Lincoln National from $41.00 to $44.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. Morgan Stanley boosted their target price on Lincoln National from $39.00 to $42.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. Keefe, Bruyette & Woods raised their price target on shares of Lincoln National from $37.00 to $40.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 12th. Finally, 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 research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $37.40.

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.