Lincoln National Co. (NYSE:LNC) Shares Acquired by First Eagle Investment Management LLC

First Eagle Investment Management LLC raised its position in Lincoln National Co. (NYSE:LNC - Free Report) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 531,100 shares of the financial services provider's stock after acquiring an additional 11,000 shares during the quarter. First Eagle Investment Management LLC owned approximately 0.31% of Lincoln National worth $16,841,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in LNC. State Street Corp lifted its position in shares of Lincoln National by 1.3% during the 3rd quarter. State Street Corp now owns 6,227,993 shares of the financial services provider's stock worth $196,244,000 after buying an additional 79,955 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Lincoln National by 4.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,763,703 shares of the financial services provider's stock worth $150,104,000 after buying an additional 193,025 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Lincoln National by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,373,487 shares of the financial services provider's stock worth $106,322,000 after buying an additional 152,622 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Lincoln National by 7.2% during the 3rd quarter. Principal Financial Group Inc. now owns 3,309,453 shares of the financial services provider's stock worth $104,281,000 after buying an additional 223,129 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its position in shares of Lincoln National by 9.7% during the 3rd quarter. Two Sigma Advisers LP now owns 2,355,000 shares of the financial services provider's stock worth $74,206,000 after buying an additional 207,800 shares during the last quarter. Hedge funds and other institutional investors own 72.81% of the company's stock.

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Lincoln National Stock Performance

LNC traded down $0.49 during trading on Tuesday, hitting $36.55. The stock had a trading volume of 1,424,824 shares, compared to its average volume of 1,472,748. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a market capitalization of $6.23 billion, a P/E ratio of 1.99, a PEG ratio of 0.30 and a beta of 1.76. The company's 50-day moving average price is $35.38 and its 200 day moving average price is $33.61. Lincoln National Co. has a twelve month low of $25.80 and a twelve month high of $39.85.

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 (EPS) for the quarter, beating 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%. On average, equities research analysts forecast that Lincoln National Co. will post 7.69 EPS for the current fiscal year.

Lincoln National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, April 10th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.92%. Lincoln National's dividend payout ratio (DPR) is presently 9.79%.

Analysts Set New Price Targets

LNC has been the subject of several recent analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of Lincoln National from $37.00 to $40.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 12th. Morgan Stanley lifted their target price on shares of Lincoln National from $39.00 to $42.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Evercore ISI lifted their target price on shares of Lincoln National from $41.00 to $44.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. TD Cowen lifted their target price on shares of Lincoln National from $34.00 to $37.00 and gave the company a "hold" rating in a report on Wednesday, November 27th. Finally, Wells Fargo & Company lifted their target price on shares of Lincoln National from $28.00 to $36.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus 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.