JPMorgan Chase & Co. Has $10.49 Million Stock Holdings in Lincoln National Co. (NYSE:LNC)

JPMorgan Chase & Co. boosted its holdings in Lincoln National Co. (NYSE:LNC - Free Report) by 14.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 330,755 shares of the financial services provider's stock after acquiring an additional 41,533 shares during the quarter. JPMorgan Chase & Co. owned 0.19% of Lincoln National worth $10,488,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. M Holdings Securities Inc. bought a new position in shares of Lincoln National in the fourth quarter worth $29,000. SBI Securities Co. Ltd. acquired a new stake in Lincoln National in the fourth quarter worth about $36,000. Hillsdale Investment Management Inc. grew its position in Lincoln National by 30.4% in the 4th 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 in the last quarter. Crews Bank & Trust bought a new stake in shares of Lincoln National during the 4th quarter worth about $51,000. Finally, Versant Capital Management Inc lifted 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 acquiring an additional 354 shares during the period. Institutional investors own 72.81% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on LNC shares. UBS Group raised their price objective on shares of Lincoln National from $32.00 to $38.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. Wells Fargo & Company lowered their price target on Lincoln National from $36.00 to $31.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. Keefe, Bruyette & Woods cut their price objective on Lincoln National from $40.00 to $38.00 and set a "market perform" rating for the company in a report on Wednesday, April 9th. Morgan Stanley lowered their target price on Lincoln National from $42.00 to $32.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. Finally, Evercore ISI upped their price target 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. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, Lincoln National presently has an average rating of "Hold" and a consensus target price of $35.91.

Lincoln National Trading Up 0.7 %

Shares of LNC traded up $0.22 during midday trading on Friday, hitting $30.25. The stock had a trading volume of 1,555,903 shares, compared to its average volume of 1,618,680. Lincoln National Co. has a fifty-two week low of $25.80 and a fifty-two week high of $39.85. The business has a 50-day simple moving average of $35.21 and a two-hundred day simple moving average of $34.05. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.80. The firm has a market cap of $5.16 billion, a P/E ratio of 1.65, a price-to-earnings-growth ratio of 0.30 and a beta of 1.56.

Lincoln National (NYSE:LNC - Get Free Report) last posted its quarterly earnings data 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 net margin of 17.76% and a return on equity of 18.47%. As a group, equities analysts forecast that Lincoln National Co. will post 7.69 EPS for the current year.

Lincoln National Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 5.95%. The ex-dividend date is Thursday, April 10th. Lincoln National's dividend payout ratio 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.