Amundi Purchases 57,152 Shares of Lincoln National Co. (NYSE:LNC)

Amundi raised its position in Lincoln National Co. (NYSE:LNC - Free Report) by 92.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 119,294 shares of the financial services provider's stock after acquiring an additional 57,152 shares during the quarter. Amundi owned approximately 0.07% of Lincoln National worth $3,747,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in LNC. Hennessy Advisors Inc. acquired a new stake in Lincoln National in the fourth quarter valued at $54,189,000. Raymond James Financial Inc. acquired a new stake in Lincoln National in the fourth quarter valued at $8,155,000. Principal Financial Group Inc. lifted its stake in Lincoln National by 7.2% in the third quarter. Principal Financial Group Inc. now owns 3,309,453 shares of the financial services provider's stock valued at $104,281,000 after acquiring an additional 223,129 shares during the last quarter. Two Sigma Advisers LP lifted its stake in Lincoln National by 9.7% in the third quarter. Two Sigma Advisers LP now owns 2,355,000 shares of the financial services provider's stock valued at $74,206,000 after acquiring an additional 207,800 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in Lincoln National by 4.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,763,703 shares of the financial services provider's stock valued at $150,104,000 after acquiring an additional 193,025 shares during the last quarter. Institutional investors and hedge funds own 72.81% of the company's stock.

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Lincoln National Stock Performance

Lincoln National stock traded down $0.40 during midday trading on Thursday, hitting $36.62. The company's stock had a trading volume of 2,204,546 shares, compared to its average volume of 1,474,201. Lincoln National Co. has a 1-year low of $25.80 and a 1-year high of $39.85. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.27 and a quick ratio of 0.27. The company has a 50-day moving average price of $35.59 and a two-hundred day moving average price of $33.67. The company has a market cap of $6.24 billion, a price-to-earnings ratio of 1.99, a PEG ratio of 0.30 and a beta of 1.76.

Lincoln National (NYSE:LNC - Get Free Report) last released its earnings results 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 net margin of 17.76% and a return on equity of 18.47%. As a group, sell-side analysts predict that Lincoln National Co. will post 7.69 earnings per share for the current year.

Lincoln National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.91%. The ex-dividend date of this dividend is Thursday, April 10th. Lincoln National's dividend payout ratio is currently 9.79%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Barclays raised their target price 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. Evercore ISI raised their target price on shares of 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 raised their target price on shares of Lincoln National from $37.00 to $40.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 12th. TD Cowen raised their target price on shares of Lincoln National from $34.00 to $37.00 and gave the stock a "hold" rating in a research note on Wednesday, November 27th. Finally, Morgan Stanley raised their target price on shares of Lincoln National from $39.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $37.40.

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.