Jones Financial Companies Lllp Boosts Stock Position in Lincoln National Co. (NYSE:LNC)

Jones Financial Companies Lllp boosted its stake in Lincoln National Co. (NYSE:LNC - Free Report) by 93.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,244 shares of the financial services provider's stock after purchasing an additional 13,141 shares during the quarter. Jones Financial Companies Lllp's holdings in Lincoln National were worth $864,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Larson Financial Group LLC grew its stake in shares of Lincoln National by 95.3% in the 3rd quarter. Larson Financial Group LLC now owns 1,086 shares of the financial services provider's stock worth $34,000 after buying an additional 530 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Lincoln National in the 3rd quarter worth $48,000. Crews Bank & Trust purchased a new position in shares of Lincoln National in the 4th quarter worth $51,000. Venturi Wealth Management LLC grew its stake in shares of Lincoln National by 459.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,083 shares of the financial services provider's stock worth $66,000 after buying an additional 1,711 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Lincoln National by 20.2% in the 4th quarter. Versant Capital Management Inc now owns 2,104 shares of the financial services provider's stock worth $67,000 after buying an additional 354 shares in the last quarter. Hedge funds and other institutional investors own 72.81% of the company's stock.

Lincoln National Stock Down 0.6 %

Shares of NYSE LNC traded down $0.21 during mid-day trading on Friday, reaching $35.60. 1,645,417 shares of the company were exchanged, compared to its average volume of 1,629,441. Lincoln National Co. has a 1 year low of $25.80 and a 1 year high of $39.85. The firm has a 50-day moving average of $34.97 and a 200 day moving average of $33.45. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.80. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 1.94, a P/E/G ratio of 0.30 and a beta of 1.76.

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

Lincoln National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.80 annualized dividend and a yield of 5.06%. Lincoln National's dividend payout ratio (DPR) is 9.79%.

Wall Street Analysts Forecast Growth

LNC has been the subject of a number of recent research reports. Barclays lifted their price objective on shares of Lincoln National from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Friday, February 7th. TD Cowen increased their target price on shares of Lincoln National from $34.00 to $37.00 and gave the company a "hold" rating in a research note on Wednesday, November 27th. Wells Fargo & Company increased their target price 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. Morgan Stanley boosted their target price on shares of Lincoln National from $39.00 to $42.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. Finally, Evercore ISI boosted their target price on shares of Lincoln National from $41.00 to $44.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price 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.