Magnetar Financial LLC Invests $249,000 in Lincoln National Co. (NYSE:LNC)

Magnetar Financial LLC bought a new position in Lincoln National Co. (NYSE:LNC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 7,861 shares of the financial services provider's stock, valued at approximately $249,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Forvis Mazars Wealth Advisors LLC raised its stake in Lincoln National by 3.1% during the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 11,199 shares of the financial services provider's stock valued at $355,000 after purchasing an additional 338 shares during the period. Roman Butler Fullerton & Co. boosted its position in shares of Lincoln National by 5.5% during the fourth quarter. Roman Butler Fullerton & Co. now owns 6,610 shares of the financial services provider's stock worth $224,000 after acquiring an additional 343 shares during the last quarter. Versant Capital Management Inc increased its holdings in Lincoln National by 20.2% in the 4th quarter. Versant Capital Management Inc now owns 2,104 shares of the financial services provider's stock valued at $67,000 after acquiring an additional 354 shares during the last quarter. Arizona State Retirement System lifted its stake in Lincoln National by 0.9% in the 4th quarter. Arizona State Retirement System now owns 49,394 shares of the financial services provider's stock worth $1,566,000 after purchasing an additional 436 shares in the last quarter. Finally, Quarry LP grew its position in shares of Lincoln National by 23.2% during the third quarter. Quarry LP now owns 2,793 shares of the financial services provider's stock valued at $88,000 after purchasing an additional 526 shares in the last quarter. 72.81% of the stock is owned by institutional investors.

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Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Morgan Stanley raised their target price on shares of Lincoln National from $39.00 to $42.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Evercore ISI upped their target price on shares of Lincoln National from $41.00 to $44.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. TD Cowen lifted their price target on Lincoln National from $34.00 to $37.00 and gave the stock a "hold" rating in a research report on Wednesday, November 27th. 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 report on Friday, February 7th. Finally, Keefe, Bruyette & Woods lifted 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. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $37.40.

Lincoln National Stock Down 1.6 %

NYSE LNC traded down $0.59 on Thursday, reaching $36.81. 1,444,656 shares of the stock traded hands, compared to its average volume of 1,492,516. Lincoln National Co. has a 12 month low of $25.80 and a 12 month high of $39.85. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.27 and a current ratio of 0.27. The company has a fifty day moving average price of $36.16 and a 200-day moving average price of $33.87. The company has a market cap of $6.27 billion, a price-to-earnings ratio of 2.00, a PEG ratio of 0.30 and a beta of 1.76.

Lincoln National (NYSE:LNC - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.91 earnings per share for the quarter, topping analysts' consensus estimates 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, research analysts forecast that Lincoln National Co. will post 7.69 EPS for the current fiscal year.

Lincoln National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date 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.