Teacher Retirement System of Texas Acquires 18,796 Shares of Lincoln National Co. (NYSE:LNC)

Teacher Retirement System of Texas boosted its stake in shares of Lincoln National Co. (NYSE:LNC - Free Report) by 84.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,114 shares of the financial services provider's stock after acquiring an additional 18,796 shares during the quarter. Teacher Retirement System of Texas' holdings in Lincoln National were worth $1,304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Larson Financial Group LLC boosted its stake in shares of Lincoln National by 95.3% during the third quarter. Larson Financial Group LLC now owns 1,086 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 530 shares during the period. SBI Securities Co. Ltd. bought a new stake in Lincoln National during the 4th quarter valued at $36,000. Crews Bank & Trust purchased a new stake in Lincoln National during the 4th quarter valued at $51,000. Versant Capital Management Inc grew its holdings in Lincoln National by 20.2% in the 4th quarter. Versant Capital Management Inc now owns 2,104 shares of the financial services provider's stock worth $67,000 after acquiring an additional 354 shares during the last quarter. Finally, Westend Capital Management LLC increased its position in shares of Lincoln National by 121.7% in the fourth quarter. Westend Capital Management LLC now owns 2,323 shares of the financial services provider's stock valued at $74,000 after acquiring an additional 1,275 shares during the period. 72.81% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Morgan Stanley boosted their price target on Lincoln National from $39.00 to $42.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Wells Fargo & Company lifted their price objective on Lincoln National from $28.00 to $36.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 19th. UBS Group upped their target price on Lincoln National from $32.00 to $38.00 and gave the company a "neutral" rating in a report on Wednesday. Barclays lifted their price target 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. Finally, Evercore ISI upped their price objective on shares of Lincoln National from $41.00 to $44.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $37.45.

Lincoln National Stock Up 3.6 %

LNC traded up $1.31 during midday trading on Wednesday, reaching $37.32. The company's stock had a trading volume of 1,800,708 shares, compared to its average volume of 1,553,164. The stock's 50-day moving average is $36.49 and its 200-day moving average is $34.13. Lincoln National Co. has a 1 year low of $25.80 and a 1 year high of $39.85. The firm has a market capitalization of $6.36 billion, a price-to-earnings ratio of 2.03, a PEG ratio of 0.30 and a beta of 1.76. The company has a current ratio of 0.27, a quick 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 for the quarter, topping the consensus estimate of $1.87 by $0.04. Lincoln National had a return on equity of 18.47% and a net margin of 17.76%. As a group, research analysts expect that Lincoln National Co. will post 7.69 EPS for the current year.

Lincoln National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors 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 4.82%. The ex-dividend date of this dividend is Thursday, April 10th. Lincoln National's dividend payout ratio (DPR) is 9.79%.

About Lincoln National

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.