EntryPoint Capital LLC Makes New $238,000 Investment in Lincoln National Co. (NYSE:LNC)

EntryPoint Capital LLC purchased a new position in Lincoln National Co. (NYSE:LNC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,497 shares of the financial services provider's stock, valued at approximately $238,000.

Other large investors also recently modified their holdings of the company. Forvis Mazars Wealth Advisors LLC increased its position in shares of Lincoln National by 3.1% during the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 11,199 shares of the financial services provider's stock valued at $355,000 after purchasing an additional 338 shares during the last quarter. Roman Butler Fullerton & Co. increased its holdings in Lincoln National by 5.5% during the fourth quarter. Roman Butler Fullerton & Co. now owns 6,610 shares of the financial services provider's stock valued at $224,000 after buying an additional 343 shares during the last quarter. Hillsdale Investment Management Inc. increased its holdings in Lincoln National by 30.4% during the fourth quarter. Hillsdale Investment Management Inc. now owns 1,500 shares of the financial services provider's stock valued at $48,000 after buying an additional 350 shares during the last quarter. Versant Capital Management Inc raised its position 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 worth $67,000 after acquiring an additional 354 shares during the period. Finally, Arizona State Retirement System boosted its stake in shares of Lincoln National by 0.9% during the 4th quarter. Arizona State Retirement System now owns 49,394 shares of the financial services provider's stock worth $1,566,000 after acquiring an additional 436 shares during the last quarter. Institutional investors own 72.81% of the company's stock.

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Lincoln National Price Performance

LNC stock traded up $0.79 during mid-day trading on Wednesday, hitting $36.80. The company had a trading volume of 385,601 shares, compared to its average volume of 1,810,736. The company has a market capitalization of $6.27 billion, a price-to-earnings ratio of 2.00, a P/E/G ratio of 0.30 and a beta of 1.76. The company has a 50-day moving average price of $36.41 and a 200 day moving average price of $34.10. The company has a quick ratio of 0.27, a current 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.

Lincoln National (NYSE:LNC - Get Free Report) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.91 EPS 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%. On average, research analysts anticipate that Lincoln National Co. will post 7.69 earnings per share for the current year.

Lincoln National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend is Thursday, April 10th. Lincoln National's dividend payout ratio is presently 9.79%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LNC. Keefe, Bruyette & Woods raised their target price on Lincoln National from $37.00 to $40.00 and gave the stock a "market perform" rating in a report on Wednesday, February 12th. Barclays raised their price objective on Lincoln National from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Friday, February 7th. Wells Fargo & Company boosted their price objective on Lincoln National from $28.00 to $36.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. Morgan Stanley raised their target price on shares of Lincoln National from $39.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. Finally, UBS Group upped their price target on shares of Lincoln National from $32.00 to $38.00 and gave the stock a "neutral" rating in a research report on Wednesday. One research 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. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $37.45.

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.