Lincoln National Co. (NYSE:LNC) is Easterly Investment Partners LLC's 6th Largest Position

Easterly Investment Partners LLC increased its position in Lincoln National Co. (NYSE:LNC - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 641,305 shares of the financial services provider's stock after purchasing an additional 12,976 shares during the period. Lincoln National makes up approximately 1.6% of Easterly Investment Partners LLC's holdings, making the stock its 6th biggest position. Easterly Investment Partners LLC owned 0.38% of Lincoln National worth $20,336,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in shares of Lincoln National by 7.2% during 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 purchasing an additional 223,129 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Lincoln National by 19.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 64,658 shares of the financial services provider's stock valued at $2,050,000 after acquiring an additional 10,560 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Lincoln National in the fourth quarter worth approximately $1,050,000. Amundi raised its holdings in shares of Lincoln National by 92.0% during the fourth quarter. Amundi now owns 119,294 shares of the financial services provider's stock valued at $3,747,000 after purchasing an additional 57,152 shares during the last quarter. Finally, Range Financial Group LLC purchased a new stake in Lincoln National in the fourth quarter worth approximately $1,075,000. 72.81% of the stock is owned by hedge funds and other institutional investors.

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Lincoln National Price Performance

Shares of LNC stock traded up $0.09 on Monday, hitting $35.77. 411,558 shares of the stock traded hands, compared to its average volume of 1,545,141. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.27 and a quick ratio of 0.27. Lincoln National Co. has a 52 week low of $25.80 and a 52 week high of $39.85. The firm has a 50 day simple moving average of $36.30 and a two-hundred day simple moving average of $34.01. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 1.94, a PEG ratio of 0.30 and a beta of 1.76.

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

Lincoln National Announces Dividend

The business 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 is Thursday, April 10th. This represents a $1.80 annualized dividend and a yield of 5.03%. Lincoln National's payout ratio is 9.79%.

Analysts Set New Price Targets

LNC has been the topic of several research analyst reports. Morgan Stanley increased their price target on Lincoln National from $39.00 to $42.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Barclays increased their target price on Lincoln National from $36.00 to $38.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. Evercore ISI boosted their price target on Lincoln National from $41.00 to $44.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods increased their price objective 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. Finally, Wells Fargo & Company boosted 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 report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $37.40.

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.