Bearing Point Capital LLC Invests $772,000 in Lincoln National Co. (NYSE:LNC)

Bearing Point Capital LLC bought a new stake in shares of Lincoln National Co. (NYSE:LNC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 24,350 shares of the financial services provider's stock, valued at approximately $772,000.

Other institutional investors also recently added to or reduced their stakes in the company. M Holdings Securities Inc. bought a new position in Lincoln National during the fourth quarter worth $29,000. Kapitalo Investimentos Ltda bought a new position in shares of Lincoln National during the 4th quarter worth about $32,000. Headlands Technologies LLC bought a new position in shares of Lincoln National during the 4th quarter worth about $35,000. SBI Securities Co. Ltd. acquired a new position in shares of Lincoln National during the fourth quarter valued at about $36,000. Finally, Aster Capital Management DIFC Ltd lifted its stake in shares of 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 valued at $40,000 after buying an additional 807 shares during the period. 72.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LNC has been the subject of several recent research reports. Barclays upped their price target on Lincoln National from $36.00 to $38.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. Wells Fargo & Company cut their target price on 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. UBS Group lifted their price target on shares of Lincoln National from $32.00 to $38.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 2nd. Evercore ISI increased their price objective on shares of Lincoln National from $41.00 to $44.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Lincoln National from $40.00 to $38.00 and set a "market perform" rating for the company in a report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $35.91.

Lincoln National Price Performance

Shares of Lincoln National stock traded up $0.09 during mid-day trading on Tuesday, reaching $33.02. 2,269,628 shares of the stock were exchanged, compared to its average volume of 1,614,148. Lincoln National Co. has a fifty-two week low of $27.58 and a fifty-two week high of $39.85. The company has a market cap of $5.64 billion, a price-to-earnings ratio of 1.80, a price-to-earnings-growth ratio of 0.30 and a beta of 1.42. The firm has a 50-day simple moving average of $33.63 and a 200 day simple moving average of $34.01. 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 earnings results on Thursday, February 6th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.87 by $0.04. Lincoln National had a net margin of 17.76% and a return on equity of 18.47%. On average, sell-side analysts predict that Lincoln National Co. will post 7.69 EPS for the current fiscal year.

Lincoln National Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date of this dividend was Thursday, April 10th. 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.