Keystone Financial Group Has $1.89 Million Position in Lincoln National Co. (NYSE:LNC)

Keystone Financial Group lifted its holdings in Lincoln National Co. (NYSE:LNC - Free Report) by 462.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 59,555 shares of the financial services provider's stock after buying an additional 48,969 shares during the quarter. Keystone Financial Group's holdings in Lincoln National were worth $1,888,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. M Holdings Securities Inc. bought a new position in shares of Lincoln National in the 4th quarter worth $29,000. Headlands Technologies LLC bought a new position in shares of Lincoln National during the 4th quarter valued at about $35,000. SBI Securities Co. Ltd. acquired a new position in shares of Lincoln National in the 4th quarter valued at approximately $36,000. Aster Capital Management DIFC Ltd boosted its stake in Lincoln National by 182.2% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,250 shares of the financial services provider's stock worth $40,000 after purchasing an additional 807 shares during the period. Finally, Hillsdale Investment Management Inc. boosted its position in shares of Lincoln National by 30.4% during the fourth quarter. Hillsdale Investment Management Inc. now owns 1,500 shares of the financial services provider's stock worth $48,000 after buying an additional 350 shares during the period. 72.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on LNC shares. Evercore ISI upped their price objective on Lincoln National from $41.00 to $44.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods reduced their price target 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. UBS Group upped their price objective on 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 cut their price target 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. Finally, Morgan Stanley cut their target price on shares of Lincoln National from $42.00 to $32.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $35.91.

Lincoln National Price Performance

LNC stock traded up $0.22 during mid-day trading on Friday, hitting $30.25. The stock had a trading volume of 1,555,903 shares, compared to its average volume of 1,620,361. Lincoln National Co. has a 52 week low of $25.80 and a 52 week high of $39.85. The firm has a market capitalization of $5.16 billion, a P/E ratio of 1.65, a P/E/G ratio of 0.30 and a beta of 1.56. 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 fifty day simple moving average of $35.37 and a 200 day simple moving average of $34.03.

Lincoln National (NYSE:LNC - Get Free Report) last released 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, research analysts forecast that Lincoln National Co. will post 7.69 EPS for the current year.

Lincoln National Dividend Announcement

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