9,203 Shares in Lincoln National Co. (NYSE:LNC) Acquired by Bridgefront Capital LLC

Bridgefront Capital LLC purchased a new position in shares of Lincoln National Co. (NYSE:LNC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,203 shares of the financial services provider's stock, valued at approximately $292,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Balyasny Asset Management L.P. grew its holdings in Lincoln National by 301.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,522,195 shares of the financial services provider's stock valued at $48,269,000 after purchasing an additional 1,142,759 shares during the period. Bearing Point Capital LLC bought a new stake in shares of Lincoln National in the 4th quarter valued at $772,000. Benjamin Edwards Inc. grew its stake in Lincoln National by 22.1% in the fourth quarter. Benjamin Edwards Inc. now owns 43,324 shares of the financial services provider's stock valued at $1,374,000 after acquiring an additional 7,850 shares during the period. Algert Global LLC increased its holdings in shares of Lincoln National by 32.9% in the fourth quarter. Algert Global LLC now owns 266,344 shares of the financial services provider's stock worth $8,446,000 after acquiring an additional 65,934 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in shares of Lincoln National by 5.9% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 9,236 shares of the financial services provider's stock valued at $293,000 after purchasing an additional 513 shares in the last quarter. Institutional investors own 72.81% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on LNC. Keefe, Bruyette & Woods dropped their target price on shares of Lincoln National from $40.00 to $38.00 and set a "market perform" rating on the stock in a report on Wednesday, April 9th. UBS Group boosted their price objective on shares of Lincoln National from $32.00 to $38.00 and gave the company a "neutral" rating in a research report on Wednesday, April 2nd. Barclays lifted their price target on Lincoln National from $38.00 to $40.00 and gave the company an "equal weight" rating in a research note on Friday. Wells Fargo & Company reduced their price objective on Lincoln National from $36.00 to $31.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Finally, Evercore ISI lifted their target price 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. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $36.27.

Lincoln National Stock Performance

NYSE LNC traded down $0.03 on Friday, hitting $33.34. 1,465,708 shares of the stock were exchanged, compared to its average volume of 1,631,370. The business's fifty day moving average is $33.39 and its 200 day moving average is $34.02. Lincoln National Co. has a 52 week low of $27.58 and a 52 week high of $39.85. The company has a market capitalization of $5.69 billion, a PE ratio of 1.81, a P/E/G ratio of 0.30 and a beta of 1.42. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.27 and a quick ratio of 0.27.

Lincoln National (NYSE:LNC - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The financial services provider reported $1.60 earnings per share for the quarter, topping analysts' consensus estimates of $1.54 by $0.06. Lincoln National had a return on equity of 18.47% and a net margin of 17.76%. The firm had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter in the previous year, the business earned $0.41 earnings per share. The business's revenue was up 14.0% compared to the same quarter last year. Research analysts anticipate that Lincoln National Co. will post 7.69 EPS for the current fiscal year.

Lincoln National Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.80 dividend on an annualized basis and a yield of 5.40%. Lincoln National's dividend payout ratio (DPR) is 9.79%.

Lincoln National Company 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.