Sciencast Management LP boosted its holdings in Lincoln National Co. (NYSE:LNC - Free Report) by 92.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,134 shares of the financial services provider's stock after buying an additional 34,236 shares during the quarter. Sciencast Management LP's holdings in Lincoln National were worth $2,256,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Magnetar Financial LLC acquired a new position in shares of Lincoln National in the fourth quarter worth approximately $249,000. Teacher Retirement System of Texas grew its position in Lincoln National by 84.2% in the 4th quarter. Teacher Retirement System of Texas now owns 41,114 shares of the financial services provider's stock valued at $1,304,000 after purchasing an additional 18,796 shares during the period. Vinva Investment Management Ltd bought a new stake in shares of Lincoln National during the fourth quarter worth about $173,000. Xponance Inc. boosted its stake in Lincoln National by 21.4% during the 4th quarter. Xponance Inc. now owns 7,973 shares of the financial services provider's stock valued at $253,000 after purchasing an additional 1,404 shares during the last quarter. Finally, Royce & Associates LP increased its holdings in Lincoln National by 8.0% during the 4th quarter. Royce & Associates LP now owns 40,287 shares of the financial services provider's stock worth $1,278,000 after purchasing an additional 2,991 shares in the last quarter. 72.81% of the stock is owned by institutional investors.
Lincoln National Stock Performance
LNC traded down $0.28 during trading hours on Wednesday, hitting $37.41. The stock had a trading volume of 1,318,249 shares, 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 company's fifty day simple moving average is $36.07 and its 200 day simple moving average is $33.85. The stock has a market cap of $6.38 billion, a PE ratio of 2.04, a price-to-earnings-growth ratio of 0.30 and a beta of 1.76. 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 posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.91 earnings per share (EPS) 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%. Equities analysts anticipate that Lincoln National Co. will post 7.69 earnings per share for the current year.
Lincoln National Announces Dividend
The business 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. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date of this dividend is Thursday, April 10th. Lincoln National's payout ratio is currently 9.79%.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on the company. Keefe, Bruyette & Woods lifted their target price on Lincoln National from $37.00 to $40.00 and gave the company a "market perform" rating in a research report on Wednesday, February 12th. Evercore ISI increased their target price on shares of Lincoln National from $41.00 to $44.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. Wells Fargo & Company raised their price target 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. TD Cowen increased their price objective on shares of Lincoln National from $34.00 to $37.00 and gave the company a "hold" rating in a research note on Wednesday, November 27th. Finally, Barclays boosted their target price 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. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Lincoln National presently has a consensus rating of "Hold" and an average target price of $37.40.
Get Our Latest Report on LNC
Lincoln National Profile
(
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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