KLP Kapitalforvaltning AS Invests $1.12 Million in Lincoln National Co. (NYSE:LNC)

KLP Kapitalforvaltning AS purchased a new stake in Lincoln National Co. (NYSE:LNC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 35,300 shares of the financial services provider's stock, valued at approximately $1,119,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LNC. Larson Financial Group LLC grew its holdings in Lincoln National by 95.3% in the third quarter. Larson Financial Group LLC now owns 1,086 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 530 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Lincoln National in the fourth quarter worth approximately $36,000. Hillsdale Investment Management Inc. grew its holdings in Lincoln National by 30.4% in the fourth quarter. Hillsdale Investment Management Inc. now owns 1,500 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 350 shares during the period. Crews Bank & Trust purchased a new position in Lincoln National during the fourth quarter worth approximately $51,000. Finally, Versant Capital Management Inc grew its stake in shares of Lincoln National by 20.2% during the 4th quarter. Versant Capital Management Inc now owns 2,104 shares of the financial services provider's stock valued at $67,000 after buying an additional 354 shares during the period. Institutional investors and hedge funds own 72.81% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on LNC. Evercore ISI raised their price objective on Lincoln National from $41.00 to $44.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. UBS Group lifted their target price on Lincoln National from $32.00 to $38.00 and gave the stock a "neutral" rating in a research report on Wednesday. Morgan Stanley increased their target price on Lincoln National from $39.00 to $42.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. Barclays upped their price objective on Lincoln National from $36.00 to $38.00 and gave the company an "equal weight" rating in a research note on Friday, February 7th. Finally, Wells Fargo & Company boosted their price target on Lincoln National from $28.00 to $36.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Lincoln National currently has an average rating of "Hold" and a consensus target price of $37.45.

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Lincoln National Stock Performance

LNC stock traded down $3.95 during mid-day trading on Thursday, reaching $33.32. The company had a trading volume of 3,829,109 shares, compared to its average volume of 1,559,225. The stock's 50-day simple moving average is $36.49 and its two-hundred day simple moving average is $34.12. The stock has a market capitalization of $5.68 billion, a P/E ratio of 1.81, a P/E/G ratio of 0.30 and a beta of 1.55. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.80. Lincoln National Co. has a one year low of $25.80 and a one year high of $39.85.

Lincoln National (NYSE:LNC - Get Free Report) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.91 EPS 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%. Research analysts anticipate that Lincoln National Co. will post 7.69 EPS for the current year.

Lincoln National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, April 10th. This represents a $1.80 dividend on an annualized basis and a yield of 5.40%. Lincoln National's dividend payout ratio (DPR) is presently 9.79%.

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.