Handelsbanken Fonder AB Has $1.11 Million Position in Lincoln National Co. (NYSE:LNC)

Handelsbanken Fonder AB raised its position in shares of Lincoln National Co. (NYSE:LNC - Free Report) by 30.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,900 shares of the financial services provider's stock after buying an additional 8,100 shares during the period. Handelsbanken Fonder AB's holdings in Lincoln National were worth $1,107,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of LNC. Hennessy Advisors Inc. acquired a new position in Lincoln National during the 4th quarter worth about $54,189,000. Principal Financial Group Inc. raised its stake in shares of 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 worth $104,281,000 after acquiring an additional 223,129 shares during the last quarter. Two Sigma Advisers LP lifted its position in shares of Lincoln National by 9.7% during the third quarter. Two Sigma Advisers LP now owns 2,355,000 shares of the financial services provider's stock worth $74,206,000 after purchasing an additional 207,800 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Lincoln National by 4.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,763,703 shares of the financial services provider's stock valued at $150,104,000 after purchasing an additional 193,025 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of Lincoln National by 119.6% in the third quarter. Bank of Montreal Can now owns 325,808 shares of the financial services provider's stock valued at $10,237,000 after purchasing an additional 177,430 shares in the last quarter. Institutional investors own 72.81% of the company's stock.

Analysts Set New Price Targets

LNC has been the topic of a number of recent research reports. TD Cowen increased their price objective on Lincoln National from $34.00 to $37.00 and gave the company a "hold" rating in a research report on Wednesday, November 27th. Evercore ISI lifted their price objective on Lincoln National from $41.00 to $44.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. Barclays upped their target price on shares of Lincoln National from $36.00 to $38.00 and gave the company an "equal weight" rating in a research report on Friday, February 7th. StockNews.com raised shares of Lincoln National from a "sell" rating to a "hold" rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company raised 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 note on Wednesday, February 19th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $37.40.

Lincoln National Trading Down 2.9 %

Shares of LNC stock traded down $1.12 on Monday, hitting $37.88. The stock had a trading volume of 1,377,821 shares, compared to its average volume of 1,577,804. 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 twelve month low of $25.60 and a twelve month high of $39.85. The company has a fifty day moving average price of $34.51 and a two-hundred day moving average price of $33.28. The firm has a market cap of $6.45 billion, a P/E ratio of 2.06, a PEG ratio of 0.30 and a beta of 1.79.

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 (EPS) 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, analysts forecast that Lincoln National Co. will post 7.69 earnings per share 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. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, April 10th. This represents a $1.80 annualized dividend and a yield of 4.75%. Lincoln National's dividend payout ratio (DPR) is currently 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.