Capula Management Ltd Buys Shares of 9,791 Lincoln National Co. (NYSE:LNC)

Capula Management Ltd purchased a new position in shares of Lincoln National Co. (NYSE:LNC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,791 shares of the financial services provider's stock, valued at approximately $310,000.

A number of other large investors also recently modified their holdings of the company. Aster Capital Management DIFC Ltd raised its holdings in Lincoln National by 182.2% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,250 shares of the financial services provider's stock valued at $40,000 after buying an additional 807 shares during the period. Waterloo Capital L.P. increased its position in shares of Lincoln National by 5.4% in the fourth quarter. Waterloo Capital L.P. now owns 102,679 shares of the financial services provider's stock worth $3,256,000 after acquiring an additional 5,230 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its stake in shares of Lincoln National by 16.3% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 16,979 shares of the financial services provider's stock valued at $538,000 after acquiring an additional 2,385 shares during the period. Unison Advisors LLC raised its stake in shares of Lincoln National by 1.4% in the 4th quarter. Unison Advisors LLC now owns 64,193 shares of the financial services provider's stock valued at $2,036,000 after acquiring an additional 865 shares during the period. Finally, Allen Wealth Management LLC lifted its holdings in shares of Lincoln National by 8.6% during the 4th quarter. Allen Wealth Management LLC now owns 56,693 shares of the financial services provider's stock valued at $1,798,000 after acquiring an additional 4,494 shares in the last quarter. 72.81% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several research analysts have commented on LNC shares. Morgan Stanley cut their price objective on Lincoln National from $42.00 to $32.00 and set an "equal weight" rating on the stock in a research report on Thursday. Wells Fargo & Company dropped their target price on Lincoln National from $36.00 to $31.00 and set an "equal weight" rating on the stock in a report on Thursday. Keefe, Bruyette & Woods decreased their price target on Lincoln National from $40.00 to $38.00 and set a "market perform" rating for the company in a report on Wednesday. UBS Group increased their price objective on shares of Lincoln National from $32.00 to $38.00 and gave the company a "neutral" rating in a research report on Wednesday, April 2nd. Finally, Barclays boosted 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 report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $35.91.

Lincoln National Stock Down 0.9 %

NYSE LNC traded down $0.26 during trading hours on Friday, reaching $29.52. 3,064,674 shares of the company traded hands, compared to its average volume of 1,610,165. The stock has a market capitalization of $5.03 billion, a PE ratio of 1.61, a PEG ratio of 0.30 and a beta of 1.56. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.80. Lincoln National Co. has a 12 month low of $25.80 and a 12 month high of $39.85. The company has a 50 day moving average of $35.85 and a two-hundred day moving average of $34.10.

Lincoln National (NYSE:LNC - Get Free Report) last issued its quarterly 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 net margin of 17.76% and a return on equity of 18.47%. As a group, equities analysts expect that Lincoln National Co. will post 7.69 earnings per share for the current year.

Lincoln National Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a $0.45 dividend. The ex-dividend date is Thursday, April 10th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.10%. Lincoln National's dividend payout ratio (DPR) is 9.79%.

Lincoln National Company 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.