National Bank of Canada FI Buys 315,398 Shares of Lincoln National Co. (NYSE:LNC)

National Bank of Canada FI raised its stake in shares of Lincoln National Co. (NYSE:LNC - Free Report) by 20,127.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 316,965 shares of the financial services provider's stock after buying an additional 315,398 shares during the period. National Bank of Canada FI owned 0.19% of Lincoln National worth $10,051,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. State Street Corp boosted its position in Lincoln National by 1.3% during the third quarter. State Street Corp now owns 6,227,993 shares of the financial services provider's stock worth $196,244,000 after purchasing an additional 79,955 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Lincoln National by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,373,487 shares of the financial services provider's stock worth $106,322,000 after buying an additional 152,622 shares during the period. Principal Financial Group Inc. grew its stake in Lincoln National by 7.2% in the 3rd quarter. Principal Financial Group Inc. now owns 3,309,453 shares of the financial services provider's stock valued at $104,281,000 after buying an additional 223,129 shares during the last quarter. Norges Bank bought a new position in Lincoln National in the 4th quarter worth $76,951,000. Finally, Two Sigma Advisers LP lifted its position in 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 during the last quarter. Institutional investors and hedge funds own 72.81% of the company's stock.

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Lincoln National Price Performance

NYSE:LNC traded down $2.58 during trading hours on Thursday, reaching $29.98. The company had a trading volume of 845,237 shares, compared to its average volume of 1,595,201. The firm has a market capitalization of $5.11 billion, a PE ratio of 1.64, a PEG ratio of 0.30 and a beta of 1.56. The stock has a 50-day moving average of $36.02 and a two-hundred day moving average of $34.10. Lincoln National Co. has a one year low of $25.80 and a one year high of $39.85. 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 announced its earnings results on Thursday, February 6th. The financial services provider reported $1.91 earnings per share (EPS) 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%. Analysts forecast that Lincoln National Co. will post 7.69 earnings per share for the current year.

Lincoln National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors 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 6.00%. Lincoln National's dividend payout ratio (DPR) is presently 9.79%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Barclays lifted their price objective on Lincoln National from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Friday, February 7th. Wells Fargo & Company lifted 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. Keefe, Bruyette & Woods reduced their price objective on Lincoln National from $40.00 to $38.00 and set a "market perform" rating for the company in a research report on Wednesday. Morgan Stanley boosted 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 report on Friday, February 28th. Finally, UBS Group upped their target price on shares of Lincoln National from $32.00 to $38.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. One investment 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. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $37.27.

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.