195,600 Shares in Lincoln National Co. (NYSE:LNC) Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board bought a new position in Lincoln National Co. (NYSE:LNC - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 195,600 shares of the financial services provider's stock, valued at approximately $6,202,000. Canada Pension Plan Investment Board owned approximately 0.11% of Lincoln National at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. M Holdings Securities Inc. bought a new position in Lincoln National in the fourth quarter worth approximately $29,000. Headlands Technologies LLC bought a new position in shares of Lincoln National during the 4th quarter worth $35,000. SBI Securities Co. Ltd. purchased a new position in shares of Lincoln National during the fourth quarter valued at $36,000. Aster Capital Management DIFC Ltd lifted its stake in Lincoln National by 182.2% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,250 shares of the financial services provider's stock worth $40,000 after acquiring an additional 807 shares during the period. Finally, Hillsdale Investment Management Inc. raised its holdings in shares of Lincoln National by 30.4% in the 4th quarter. Hillsdale Investment Management Inc. now owns 1,500 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 350 shares in the last quarter. 72.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on LNC. Wells Fargo & Company reduced their price objective on shares of Lincoln National from $36.00 to $31.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Barclays boosted their price target on Lincoln National from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. Evercore ISI raised their price objective on Lincoln National from $41.00 to $44.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. UBS Group boosted their target price on shares of Lincoln National from $32.00 to $38.00 and gave the stock a "neutral" rating in a report on Wednesday, April 2nd. Finally, Morgan Stanley lowered their price target on shares of Lincoln National from $42.00 to $32.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $35.91.

Lincoln National Stock Performance

Shares of LNC traded down $0.18 during trading hours on Friday, reaching $31.73. 1,122,610 shares of the company traded hands, compared to its average volume of 1,624,202. 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 business has a fifty day moving average price of $34.39 and a 200-day moving average price of $34.05. Lincoln National Co. has a 12-month low of $25.80 and a 12-month high of $39.85. The stock has a market capitalization of $5.42 billion, a P/E ratio of 1.73, a P/E/G ratio of 0.30 and a beta of 1.56.

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, beating analysts' consensus estimates of $1.87 by $0.04. Lincoln National had a return on equity of 18.47% and a net margin of 17.76%. Equities analysts anticipate that Lincoln National Co. will post 7.69 EPS for the current fiscal year.

Lincoln National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders 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 dividend yield of 5.67%. Lincoln National's payout ratio is 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.