Lincoln National Co. (NYSE:LNC) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC grew its position in Lincoln National Co. (NYSE:LNC - Free Report) by 3,488.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 966,379 shares of the financial services provider's stock after purchasing an additional 939,447 shares during the period. International Assets Investment Management LLC owned approximately 0.57% of Lincoln National worth $30,669,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Lincoln National by 4.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 26,372 shares of the financial services provider's stock worth $842,000 after acquiring an additional 1,085 shares in the last quarter. Diversified Trust Co purchased a new position in Lincoln National during the first quarter worth approximately $214,000. Allspring Global Investments Holdings LLC grew its holdings in Lincoln National by 249.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,223 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 873 shares during the period. Hedeker Wealth LLC increased its position in shares of Lincoln National by 1.6% in the first quarter. Hedeker Wealth LLC now owns 81,368 shares of the financial services provider's stock valued at $2,598,000 after buying an additional 1,317 shares in the last quarter. Finally, FORVIS Wealth Advisors LLC acquired a new position in shares of Lincoln National during the 1st quarter worth approximately $353,000. 72.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LNC has been the subject of several recent analyst reports. TD Cowen assumed coverage on shares of Lincoln National in a report on Wednesday, October 9th. They issued a "hold" rating and a $34.00 price target for the company. Bank of America decreased their price target on shares of Lincoln National from $32.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, July 11th. Barclays boosted their price objective on Lincoln National from $35.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. raised their target price on Lincoln National from $28.00 to $34.00 and gave the company an "underweight" rating in a research report on Tuesday, July 2nd. Finally, Piper Sandler dropped their price target on Lincoln National from $37.00 to $34.00 and set a "neutral" rating for the company in a research report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Lincoln National presently has a consensus rating of "Hold" and a consensus target price of $33.00.

Lincoln National Trading Up 0.3 %

Shares of NYSE LNC traded up $0.10 during trading on Tuesday, hitting $32.76. 1,413,621 shares of the company were exchanged, compared to its average volume of 1,637,674. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.27 and a current ratio of 0.27. Lincoln National Co. has a 12-month low of $20.85 and a 12-month high of $36.46. The company has a fifty day moving average price of $31.52 and a 200-day moving average price of $31.01. The firm has a market capitalization of $5.57 billion, a PE ratio of 4.48, a P/E/G ratio of 0.32 and a beta of 1.81.

Lincoln National (NYSE:LNC - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.07. The business had revenue of $5.15 billion during the quarter, compared to analysts' expectations of $4.65 billion. Lincoln National had a net margin of 12.24% and a return on equity of 17.13%. During the same quarter in the prior year, the company posted $2.02 EPS. As a group, equities research analysts expect that Lincoln National Co. will post 5.73 EPS for the current year.

Lincoln National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.80 dividend on an annualized basis and a yield of 5.49%. Lincoln National's dividend payout ratio is currently 24.62%.

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.