8,149 Shares in Lincoln National Co. (NYSE:LNC) Acquired by Integrated Advisors Network LLC

Integrated Advisors Network LLC bought a new stake in Lincoln National Co. (NYSE:LNC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,149 shares of the financial services provider's stock, valued at approximately $293,000.

Several other large investors have also modified their holdings of LNC. Empowered Funds LLC acquired a new position in shares of Lincoln National in the 4th quarter valued at $450,000. Allspring Global Investments Holdings LLC boosted its stake in Lincoln National by 53.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 152,187 shares of the financial services provider's stock worth $4,846,000 after purchasing an additional 53,300 shares during the period. Roman Butler Fullerton & Co. boosted its stake in Lincoln National by 5.5% during the 4th quarter. Roman Butler Fullerton & Co. now owns 6,610 shares of the financial services provider's stock worth $224,000 after purchasing an additional 343 shares during the period. Valeo Financial Advisors LLC boosted its stake in Lincoln National by 26.5% during the 4th quarter. Valeo Financial Advisors LLC now owns 9,631 shares of the financial services provider's stock worth $305,000 after purchasing an additional 2,015 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Lincoln National during the 4th quarter worth $295,000. Institutional investors and hedge funds own 72.81% of the company's stock.

Insider Activity

In other news, EVP Sean Woodroffe sold 43,622 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $32.78, for a total value of $1,429,929.16. Following the completion of the transaction, the executive vice president now owns 154,102 shares of the company's stock, valued at $5,051,463.56. The trade was a 22.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Brian Kroll sold 10,075 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $33.10, for a total transaction of $333,482.50. Following the completion of the transaction, the executive vice president now directly owns 48,743 shares of the company's stock, valued at approximately $1,613,393.30. This represents a 17.13% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.51% of the company's stock.

Lincoln National Price Performance

LNC traded down $0.70 on Friday, hitting $32.43. 1,180,159 shares of the company were exchanged, compared to its average volume of 1,627,437. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.27 and a current ratio of 0.27. The business's fifty day moving average is $32.45 and its 200 day moving average is $33.83. Lincoln National Co. has a fifty-two week low of $27.58 and a fifty-two week high of $39.85. The firm has a market capitalization of $5.54 billion, a P/E ratio of 1.76, a price-to-earnings-growth ratio of 0.30 and a beta of 1.40.

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 (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.06. Lincoln National had a net margin of 17.76% and a return on equity of 18.47%. The company had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter in the prior year, the firm earned $0.41 earnings per share. The company's revenue for the quarter was up 14.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Lincoln National Co. will post 7.69 EPS for the current year.

Lincoln National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 5.55%. The ex-dividend date is Thursday, July 10th. Lincoln National's dividend payout ratio (DPR) is presently 25.57%.

Analyst Ratings Changes

A number of brokerages recently weighed in on LNC. Wall Street Zen cut shares of Lincoln National from a "hold" rating to a "sell" rating in a research note on Sunday. Evercore ISI increased their price target 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. Piper Sandler decreased their price target on shares of Lincoln National from $38.00 to $36.00 and set a "neutral" rating for the company in a research note on Friday, May 9th. Keefe, Bruyette & Woods decreased their price target on shares of Lincoln National from $40.00 to $38.00 and set a "market perform" rating for the company in a research note on Wednesday, April 9th. Finally, Barclays raised their target price on shares of Lincoln National from $38.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $36.82.

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.