Collar Capital Management LLC Takes $2.78 Million Position in Lincoln National Co. (NYSE:LNC)

Collar Capital Management LLC acquired a new position in shares of Lincoln National Co. (NYSE:LNC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 87,586 shares of the financial services provider's stock, valued at approximately $2,777,000. Lincoln National accounts for 2.3% of Collar Capital Management LLC's portfolio, making the stock its 11th largest position. Collar Capital Management LLC owned about 0.05% of Lincoln National at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. M Holdings Securities Inc. acquired a new stake in Lincoln National in the 4th quarter worth about $29,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Lincoln National in the fourth quarter worth approximately $32,000. Headlands Technologies LLC purchased a new stake in shares of Lincoln National during the fourth quarter worth approximately $35,000. SBI Securities Co. Ltd. acquired a new position in Lincoln National in the 4th quarter valued at $36,000. Finally, Aster Capital Management DIFC Ltd lifted its holdings in Lincoln National by 182.2% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,250 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 807 shares in the last quarter. 72.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods reduced their target price on shares of Lincoln National from $40.00 to $38.00 and set a "market perform" rating for the company in a research report on Wednesday, April 9th. Evercore ISI raised their target price on shares of Lincoln National from $41.00 to $44.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 19th. Morgan Stanley dropped their price target on Lincoln National from $42.00 to $32.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. UBS Group lifted their price objective on Lincoln National from $32.00 to $38.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. Finally, Barclays raised their target price on Lincoln National from $38.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $36.27.

Lincoln National Trading Down 0.1 %

Shares of LNC traded down $0.03 during trading on Friday, reaching $33.34. 1,465,708 shares of the company traded hands, compared to its average volume of 1,628,729. The stock has a 50-day simple moving average of $33.39 and a 200-day simple moving average of $34.01. 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 twelve month low of $27.58 and a twelve month high of $39.85. The stock has a market cap of $5.69 billion, a PE ratio of 1.81, a price-to-earnings-growth ratio of 0.30 and a beta of 1.42.

Lincoln National (NYSE:LNC - Get Free Report) last announced its earnings results on Thursday, May 8th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, beating 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 company had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.71 billion. During the same quarter in the previous year, the company earned $0.41 earnings per share. The firm's quarterly revenue was up 14.0% compared to the same quarter last year. On average, analysts anticipate that Lincoln National Co. will post 7.69 earnings per share for the current year.

Lincoln National Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 5.40%. The ex-dividend date of this dividend was Thursday, April 10th. Lincoln National's dividend payout ratio is currently 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.