Proficio Capital Partners LLC Takes Position in Lincoln National Co. (NYSE:LNC)

Proficio Capital Partners LLC purchased a new stake in Lincoln National Co. (NYSE:LNC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 33,118 shares of the financial services provider's stock, valued at approximately $1,050,000.

Several other large investors also recently bought and sold shares of LNC. Illinois Municipal Retirement Fund grew its stake in Lincoln National by 14.8% during the 4th quarter. Illinois Municipal Retirement Fund now owns 164,071 shares of the financial services provider's stock worth $5,203,000 after buying an additional 21,192 shares during the last quarter. Forvis Mazars Wealth Advisors LLC boosted 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 worth $355,000 after purchasing an additional 338 shares during the period. Hussman Strategic Advisors Inc. purchased a new position in Lincoln National during the 4th quarter worth $666,000. Handelsbanken Fonder AB raised its holdings in shares of Lincoln National by 30.2% in the fourth quarter. Handelsbanken Fonder AB now owns 34,900 shares of the financial services provider's stock valued at $1,107,000 after buying an additional 8,100 shares during the last quarter. Finally, Private Advisor Group LLC boosted its stake in shares of Lincoln National by 3.5% during the fourth quarter. Private Advisor Group LLC now owns 45,398 shares of the financial services provider's stock worth $1,440,000 after buying an additional 1,521 shares during the period. Institutional investors and hedge funds own 72.81% of the company's stock.

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Lincoln National Price Performance

LNC traded up $0.62 during trading on Tuesday, reaching $34.78. 2,553,321 shares of the stock were exchanged, compared to its average volume of 1,678,621. The company has a market capitalization of $5.93 billion, a price-to-earnings ratio of 1.89, a P/E/G ratio of 0.30 and a beta of 1.76. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.27 and a quick ratio of 0.27. Lincoln National Co. has a 1 year low of $25.80 and a 1 year high of $39.85. The business's 50 day moving average price is $35.02 and its two-hundred day moving average price is $33.49.

Lincoln National (NYSE:LNC - Get Free Report) last posted its earnings results 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, equities research analysts anticipate that Lincoln National Co. will post 7.69 earnings per share for the current year.

Lincoln National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 5.17%. The ex-dividend date of this dividend is Thursday, April 10th. Lincoln National's payout ratio is 9.79%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LNC. Evercore ISI boosted 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. TD Cowen upped their price target on Lincoln National from $34.00 to $37.00 and gave the stock a "hold" rating in a research note on Wednesday, November 27th. Wells Fargo & Company lifted their price objective on shares of Lincoln National from $28.00 to $36.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. Keefe, Bruyette & Woods raised their target price on shares of Lincoln National from $37.00 to $40.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 12th. Finally, Barclays lifted their target price 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. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $37.40.

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.