Integrated Advisors Network LLC Invests $293,000 in Lincoln National Corporation (NYSE:LNC)

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

Other hedge funds and other institutional investors have also modified their holdings of the company. NBC Securities Inc. bought a new stake in shares of Lincoln National in the first quarter valued at approximately $33,000. M Holdings Securities Inc. bought a new position in shares of Lincoln National in the fourth quarter worth $29,000. Kapitalo Investimentos Ltda acquired a new position in Lincoln National in the fourth quarter valued at about $32,000. Headlands Technologies LLC bought a new stake in Lincoln National during the fourth quarter worth about $35,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Lincoln National during the fourth quarter worth about $36,000. Institutional investors own 72.81% of the company's stock.

Lincoln National Trading Up 0.9%

Shares of LNC stock traded up $0.31 on Wednesday, hitting $33.17. The company had a trading volume of 1,404,498 shares, compared to its average volume of 1,633,188. Lincoln National Corporation has a twelve month low of $27.58 and a twelve month high of $39.85. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.25 and a current ratio of 0.25. The firm has a market cap of $5.66 billion, a P/E ratio of 4.72, a P/E/G ratio of 0.43 and a beta of 1.40. The stock's 50-day moving average is $32.53 and its two-hundred day moving average is $33.80.

Lincoln National (NYSE:LNC - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.06. Lincoln National had a net margin of 7.00% and a return on equity of 18.71%. The firm had revenue of $4.69 billion during the quarter, compared to analyst estimates of $4.71 billion. During the same quarter last year, the business earned $0.41 EPS. The company's revenue was up 14.0% compared to the same quarter last year. On average, equities research analysts anticipate that Lincoln National Corporation will post 7.69 earnings per share for the current fiscal year.

Lincoln National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 10th will be issued a $0.45 dividend. The ex-dividend date is Thursday, July 10th. This represents a $1.80 annualized dividend and a yield of 5.43%. Lincoln National's payout ratio is 25.57%.

Insider Buying and Selling at Lincoln National

In related news, EVP Brian Kroll sold 10,075 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 48,743 shares of the company's stock, valued at $1,613,393.30. This represents a 17.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Sean Woodroffe sold 43,622 shares of Lincoln National stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $32.78, for a total transaction of $1,429,929.16. Following the completion of the sale, the executive vice president now directly owns 154,102 shares of the company's stock, valued at approximately $5,051,463.56. This trade represents a 22.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.54% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on LNC shares. 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 report on Wednesday, February 19th. Piper Sandler lowered their price target on Lincoln National from $38.00 to $36.00 and set a "neutral" rating for the company in a report on Friday, May 9th. Wells Fargo & Company lowered 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 raised their price target on shares of Lincoln National from $32.00 to $38.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. Finally, Barclays upped their price objective on shares of Lincoln National from $38.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $36.82.

About Lincoln National

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.