LPL Financial LLC Has $23.51 Million Stock Position in Lincoln National Co. (NYSE:LNC)

LPL Financial LLC increased its holdings in shares of Lincoln National Co. (NYSE:LNC - Free Report) by 190.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 741,330 shares of the financial services provider's stock after buying an additional 486,478 shares during the quarter. LPL Financial LLC owned 0.44% of Lincoln National worth $23,508,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LNC. State Street Corp lifted its holdings in shares of Lincoln National by 1.3% in the third quarter. State Street Corp now owns 6,227,993 shares of the financial services provider's stock valued at $196,244,000 after purchasing an additional 79,955 shares in the last quarter. Geode Capital Management LLC lifted its stake in Lincoln National by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,373,487 shares of the financial services provider's stock valued at $106,322,000 after acquiring an additional 152,622 shares in the last quarter. Principal Financial Group Inc. boosted its position in Lincoln National by 7.2% during the 3rd quarter. Principal Financial Group Inc. now owns 3,309,453 shares of the financial services provider's stock worth $104,281,000 after acquiring an additional 223,129 shares during the last quarter. Two Sigma Advisers LP grew its stake in shares of Lincoln National by 9.7% during the 3rd quarter. Two Sigma Advisers LP now owns 2,355,000 shares of the financial services provider's stock worth $74,206,000 after acquiring an additional 207,800 shares in the last quarter. Finally, Hennessy Advisors Inc. acquired a new stake in shares of Lincoln National in the fourth quarter valued at approximately $54,189,000. 72.81% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several research analysts recently commented on LNC shares. UBS Group increased their target price on shares of Lincoln National from $32.00 to $38.00 and gave the stock a "neutral" rating in a report on Wednesday. Barclays raised their price objective on Lincoln National from $36.00 to $38.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. Keefe, Bruyette & Woods upped their target price on Lincoln National from $37.00 to $40.00 and gave the stock a "market perform" rating in a report on Wednesday, February 12th. Evercore ISI increased their price target 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. Finally, Wells Fargo & Company boosted their price target on Lincoln National from $28.00 to $36.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $37.45.

Lincoln National Stock Performance

Shares of LNC stock traded down $3.44 during trading on Friday, reaching $29.90. 3,647,738 shares of the company's stock were exchanged, compared to its average volume of 1,566,998. The firm's fifty day moving average price is $36.42 and its 200-day moving average price is $34.12. Lincoln National Co. has a twelve month low of $25.80 and a twelve month high of $39.85. The stock has a market capitalization of $5.10 billion, a PE ratio of 1.63, a PEG 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 (NYSE:LNC - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.91 earnings per share 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 anticipate that Lincoln National Co. will post 7.69 EPS for the current year.

Lincoln National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.02%. The ex-dividend date is Thursday, April 10th. Lincoln National's dividend payout ratio 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.