New Age Alpha Advisors LLC acquired a new stake in shares of Lincoln National Co. (NYSE:LNC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 23,508 shares of the financial services provider's stock, valued at approximately $745,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. M Holdings Securities Inc. purchased a new stake in shares of Lincoln National during the fourth quarter valued at approximately $29,000. SBI Securities Co. Ltd. purchased a new stake in Lincoln National during the 4th quarter valued at $36,000. Hillsdale Investment Management Inc. increased its holdings in shares of Lincoln National by 30.4% in the 4th quarter. Hillsdale Investment Management Inc. now owns 1,500 shares of the financial services provider's stock worth $48,000 after purchasing an additional 350 shares in the last quarter. Crews Bank & Trust purchased a new position in shares of Lincoln National in the fourth quarter worth $51,000. Finally, Versant Capital Management Inc lifted its holdings in shares of Lincoln National by 20.2% during the fourth quarter. Versant Capital Management Inc now owns 2,104 shares of the financial services provider's stock valued at $67,000 after purchasing an additional 354 shares in the last quarter. 72.81% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research analysts have recently weighed in on LNC shares. Barclays boosted their price objective on shares of Lincoln National from $36.00 to $38.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. Morgan Stanley boosted their target price on shares of Lincoln National from $39.00 to $42.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. UBS Group raised their price target on Lincoln National from $32.00 to $38.00 and gave the stock a "neutral" rating in a research note on Wednesday. Evercore ISI upped their price objective 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, Keefe, Bruyette & Woods boosted their price target on Lincoln National from $37.00 to $40.00 and gave the company a "market perform" rating in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Lincoln National has an average rating of "Hold" and an average price target of $37.45.
Read Our Latest Stock Report on Lincoln National
Lincoln National Trading Down 10.3 %
NYSE LNC traded down $3.44 on Friday, hitting $29.90. 3,647,738 shares of the stock were exchanged, compared to its average volume of 1,567,289. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.27 and a current 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 market capitalization of $5.10 billion, a P/E ratio of 1.63, a P/E/G ratio of 0.30 and a beta of 1.55. The stock has a fifty day moving average price of $36.42 and a two-hundred day moving average price of $34.15.
Lincoln National (NYSE:LNC - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.91 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%. 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 declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a $0.45 dividend. The ex-dividend date is Thursday, April 10th. This represents a $1.80 annualized dividend and a dividend yield of 6.02%. Lincoln National's payout ratio is 9.79%.
About Lincoln National
(
Free Report)
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.
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