Versor Investments LP Has $758,000 Holdings in Lincoln National Co. (NYSE:LNC)

Versor Investments LP boosted its position in Lincoln National Co. (NYSE:LNC - Free Report) by 190.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 23,900 shares of the financial services provider's stock after purchasing an additional 15,684 shares during the period. Versor Investments LP's holdings in Lincoln National were worth $758,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Proficio Capital Partners LLC acquired a new position in shares of Lincoln National during the 4th quarter worth approximately $1,050,000. Illinois Municipal Retirement Fund increased its holdings in shares of Lincoln National by 14.8% in the fourth quarter. Illinois Municipal Retirement Fund now owns 164,071 shares of the financial services provider's stock valued at $5,203,000 after purchasing an additional 21,192 shares during the last quarter. Forvis Mazars Wealth Advisors LLC raised its position in shares of Lincoln National by 3.1% in the fourth quarter. Forvis Mazars Wealth Advisors LLC now owns 11,199 shares of the financial services provider's stock valued at $355,000 after purchasing an additional 338 shares during the period. Hussman Strategic Advisors Inc. bought a new stake in shares of Lincoln National during the 4th quarter worth about $666,000. Finally, Handelsbanken Fonder AB grew its stake in Lincoln National by 30.2% in the 4th 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. Institutional investors own 72.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LNC. TD Cowen boosted their price objective on Lincoln National from $34.00 to $37.00 and gave the stock a "hold" rating in a report on Wednesday, November 27th. Evercore ISI upped their price objective on Lincoln National from $41.00 to $44.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. Barclays lifted their target price on Lincoln National from $36.00 to $38.00 and gave the stock an "equal weight" rating in a report on Friday, February 7th. Morgan Stanley raised their price target on shares of Lincoln National from $39.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Friday. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Lincoln National from $37.00 to $40.00 and gave the company a "market perform" rating in a report on Wednesday, February 12th. One investment 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's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $37.40.

Lincoln National Price Performance

Shares of LNC stock traded down $1.79 during trading hours on Tuesday, reaching $36.14. The company's stock had a trading volume of 1,607,399 shares, compared to its average volume of 1,595,901. 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 Co. has a fifty-two week low of $25.60 and a fifty-two week high of $39.85. The company has a market capitalization of $6.16 billion, a price-to-earnings ratio of 1.98, a PEG ratio of 0.30 and a beta of 1.76. The firm's 50 day simple moving average is $34.65 and its 200-day simple moving average is $33.33.

Lincoln National (NYSE:LNC - Get Free Report) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.91 EPS 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%. Sell-side analysts forecast that Lincoln National Co. will post 7.69 earnings per share 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 given a $0.45 dividend. The ex-dividend date is Thursday, April 10th. This represents a $1.80 dividend on an annualized basis and a yield of 4.98%. Lincoln National's dividend payout ratio is currently 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.