Lincoln National Co. (NYSE:LNC) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its position in Lincoln National Co. (NYSE:LNC - Free Report) by 22.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 45,690 shares of the financial services provider's stock after buying an additional 8,487 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Lincoln National were worth $1,449,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC grew its stake 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 purchasing an additional 530 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Lincoln National in the 4th quarter worth about $36,000. Meeder Asset Management Inc. purchased a new stake in shares of Lincoln National in the 3rd quarter worth about $48,000. Crews Bank & Trust purchased a new stake in shares of Lincoln National in the 4th quarter worth about $51,000. Finally, Versant Capital Management Inc boosted its position in shares of 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 buying an additional 354 shares in the last quarter. 72.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on LNC shares. Wells Fargo & Company boosted their price objective on shares of Lincoln National from $28.00 to $36.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 19th. Evercore ISI boosted their price objective on shares of Lincoln National from $41.00 to $44.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. Barclays boosted their price objective on shares of Lincoln National from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. Morgan Stanley upped their target price on shares of Lincoln National from $39.00 to $42.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Finally, Keefe, Bruyette & Woods upped their target price 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 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 an average rating of "Hold" and an average price target of $37.40.

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Lincoln National Trading Down 1.5 %

Shares of LNC stock traded down $0.55 during trading hours on Friday, hitting $36.13. 10,519,168 shares of the company were exchanged, compared to its average volume of 1,495,274. The firm has a market cap of $6.16 billion, a PE ratio of 1.97, a PEG ratio of 0.30 and a beta of 1.76. Lincoln National Co. has a 1 year low of $25.80 and a 1 year high of $39.85. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.80. The firm has a fifty day moving average of $35.81 and a 200 day moving average of $33.72.

Lincoln National (NYSE:LNC - Get Free Report) last announced its quarterly earnings data 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 net margin of 17.76% and a return on equity of 18.47%. Analysts expect that Lincoln National Co. will post 7.69 earnings per share for the current year.

Lincoln National Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date of this dividend is Thursday, April 10th. Lincoln National's dividend payout ratio (DPR) is presently 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.