Raymond James Financial Inc. Purchases Shares of 257,185 Lincoln National Co. (NYSE:LNC)

Raymond James Financial Inc. bought 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 Securities and Exchange Commission (SEC). The fund bought 257,185 shares of the financial services provider's stock, valued at approximately $8,155,000. Raymond James Financial Inc. owned 0.15% of Lincoln National as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Larson Financial Group LLC grew its holdings in shares of Lincoln National by 95.3% during the 3rd quarter. Larson Financial Group LLC now owns 1,086 shares of the financial services provider's stock worth $34,000 after acquiring an additional 530 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Lincoln National during the fourth quarter valued at approximately $36,000. Crews Bank & Trust purchased a new stake in Lincoln National in the fourth quarter worth $51,000. Versant Capital Management Inc raised its holdings in Lincoln National by 20.2% in the fourth quarter. Versant Capital Management Inc now owns 2,104 shares of the financial services provider's stock worth $67,000 after purchasing an additional 354 shares in the last quarter. Finally, Westend Capital Management LLC lifted its position in Lincoln National by 121.7% during the fourth quarter. Westend Capital Management LLC now owns 2,323 shares of the financial services provider's stock valued at $74,000 after buying an additional 1,275 shares during the period. Institutional investors own 72.81% of the company's stock.

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Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods increased their price target 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. TD Cowen lifted their target price on shares of Lincoln National from $34.00 to $37.00 and gave the company a "hold" rating in a report on Wednesday, November 27th. Barclays upped their price target 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. Morgan Stanley lifted their price objective on Lincoln National from $39.00 to $42.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. Finally, Evercore ISI increased their target price on Lincoln National from $41.00 to $44.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 19th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $37.40.

Lincoln National Stock Performance

Shares of Lincoln National stock traded down $0.28 during trading on Wednesday, hitting $37.41. 1,318,247 shares of the company's stock traded hands, compared to its average volume of 1,494,749. Lincoln National Co. has a 1 year low of $25.80 and a 1 year high of $39.85. The business has a 50-day simple moving average of $36.07 and a 200-day simple moving average of $33.85. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.27 and a quick ratio of 0.27. The stock has a market capitalization of $6.38 billion, a P/E ratio of 2.04, a PEG ratio of 0.30 and a beta of 1.76.

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

Lincoln National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.80 dividend on an annualized basis and a yield of 4.81%. Lincoln National's dividend payout ratio is presently 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.