Carson Advisory Inc. acquired a new position in shares of Lincoln National Co. (NYSE:LNC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,700 shares of the financial services provider's stock, valued at approximately $276,000.
Other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings 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. Principal Financial Group Inc. increased its holdings in Lincoln National by 7.2% in the third quarter. Principal Financial Group Inc. now owns 3,309,453 shares of the financial services provider's stock valued at $104,281,000 after purchasing an additional 223,129 shares during the period. Norges Bank acquired a new position in Lincoln National during the 4th quarter worth about $76,951,000. Hennessy Advisors Inc. bought a new stake in shares of Lincoln National in the 4th quarter valued at about $54,189,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Lincoln National by 84.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,543,624 shares of the financial services provider's stock valued at $48,948,000 after buying an additional 708,584 shares during the period. 72.81% of the stock is currently owned by institutional investors.
Lincoln National Price Performance
Shares of Lincoln National stock traded up $0.22 during trading on Friday, hitting $30.25. The stock had a trading volume of 1,555,903 shares, compared to its average volume of 1,620,361. Lincoln National Co. has a 12 month low of $25.80 and a 12 month high of $39.85. 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 cap of $5.16 billion, a price-to-earnings ratio of 1.65, a P/E/G ratio of 0.30 and a beta of 1.56. The business's 50-day moving average is $35.37 and its 200 day moving average is $34.03.
Lincoln National (NYSE:LNC - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.91 earnings per share for the quarter, beating 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, sell-side analysts anticipate that Lincoln National Co. will post 7.69 earnings per share for the current year.
Lincoln National Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.95%. The ex-dividend date is Thursday, April 10th. Lincoln National's dividend payout ratio (DPR) is presently 9.79%.
Wall Street Analysts Forecast Growth
LNC has been the topic of a number of analyst reports. Barclays upped their price objective on shares of Lincoln National from $36.00 to $38.00 and gave the company an "equal weight" rating in a research note on Friday, February 7th. Evercore ISI boosted their price objective on Lincoln National from $41.00 to $44.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. Keefe, Bruyette & Woods cut their price target on Lincoln National from $40.00 to $38.00 and set a "market perform" rating for the company in a research note on Wednesday, April 9th. Wells Fargo & Company lowered their price objective on Lincoln National from $36.00 to $31.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. Finally, UBS Group increased their target price on shares of Lincoln National from $32.00 to $38.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $35.91.
Get Our Latest Stock Report on LNC
About Lincoln National
(
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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