95,807 Shares in Lincoln National Co. (NYSE:LNC) Bought by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC bought a new stake in shares of Lincoln National Co. (NYSE:LNC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 95,807 shares of the financial services provider's stock, valued at approximately $3,038,000. Jaffetilchin Investment Partners LLC owned 0.06% of Lincoln National as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp increased its stake in Lincoln National by 1.3% during the third quarter. State Street Corp now owns 6,227,993 shares of the financial services provider's stock valued at $196,244,000 after acquiring an additional 79,955 shares during the period. Geode Capital Management LLC increased its holdings in Lincoln National by 4.7% in the third quarter. Geode Capital Management LLC now owns 3,373,487 shares of the financial services provider's stock valued at $106,322,000 after purchasing an additional 152,622 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Lincoln National by 7.2% during 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 purchasing an additional 223,129 shares in the last quarter. Norges Bank acquired a new position in shares of Lincoln National in the 4th quarter valued at approximately $76,951,000. Finally, Hennessy Advisors Inc. bought a new position in shares of Lincoln National during the 4th quarter worth approximately $54,189,000. 72.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. UBS Group raised their target price on shares of Lincoln National from $32.00 to $38.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 2nd. Barclays lifted their price target on shares of Lincoln National from $36.00 to $38.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. Wells Fargo & Company decreased their price objective on Lincoln National from $36.00 to $31.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. Morgan Stanley lowered their price objective on Lincoln National from $42.00 to $32.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Finally, Evercore ISI upped their target price 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. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Lincoln National has a consensus rating of "Hold" and a consensus target price of $35.91.

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Lincoln National Price Performance

Shares of LNC traded up $0.39 during mid-day trading on Wednesday, hitting $30.63. 894,481 shares of the stock were exchanged, compared to its average volume of 1,615,924. The firm has a 50-day moving average of $35.67 and a two-hundred day moving average of $34.07. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.27 and a current ratio of 0.27. Lincoln National Co. has a 52-week low of $25.80 and a 52-week high of $39.85. The company has a market cap of $5.22 billion, a PE ratio of 1.67, a price-to-earnings-growth ratio of 0.30 and a beta of 1.56.

Lincoln National (NYSE:LNC - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.91 EPS for the quarter, beating the consensus estimate 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, equities analysts predict that Lincoln National Co. will post 7.69 earnings per share for the current year.

Lincoln National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.88%. The ex-dividend date of this dividend is Thursday, April 10th. Lincoln National's payout ratio is presently 9.79%.

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.