Accordant Advisory Group Inc Buys Shares of 41,744 Lincoln National Corporation $LNC

Key Points

• Accordant Advisory Group bought a new stake of 41,744 shares of Lincoln National valued at approximately $1.86 million, making LNC about 1.3% of Accordant’s portfolio and its 19th-largest holding.
• Lincoln National declared a quarterly dividend of $0.45 (annualized $1.80), implying a yield of 5.2%, with an ex-dividend date of April 10 and payment on May 1.
• Lincoln beat quarterly EPS estimates with $2.21 versus $1.86 consensus and reported revenue of $4.89B, while analysts maintain a consensus rating of “Hold” with a $44.77 price target.

Accordant Advisory Group Inc bought a new stake in Lincoln National Corporation (NYSE:LNC - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 41,744 shares of the financial services provider's stock, valued at approximately $1,859,000. Lincoln National makes up approximately 1.3% of Accordant Advisory Group Inc's portfolio, making the stock its 19th biggest holding.

Other institutional investors also recently bought and sold shares of the company. JPL Wealth Management LLC acquired a new position in Lincoln National in the 3rd quarter valued at about $29,000. V Square Quantitative Management LLC acquired a new position in Lincoln National in the 4th quarter valued at about $31,000. Salomon & Ludwin LLC acquired a new position in Lincoln National in the 3rd quarter valued at about $32,000. Mather Group LLC. purchased a new position in shares of Lincoln National in the 3rd quarter valued at about $39,000. Finally, Larson Financial Group LLC boosted its stake in shares of Lincoln National by 61.8% in the 3rd quarter. Larson Financial Group LLC now owns 1,024 shares of the financial services provider's stock valued at $41,000 after buying an additional 391 shares during the period. 72.81% of the stock is owned by institutional investors and hedge funds.

Lincoln National Stock Performance

Shares of LNC opened at $34.88 on Friday. The stock has a 50 day moving average price of $36.51 and a 200 day moving average price of $39.95. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $6.63 billion, a price-to-earnings ratio of 6.57, a price-to-earnings-growth ratio of 1.61 and a beta of 1.23. Lincoln National Corporation has a 52-week low of $28.23 and a 52-week high of $46.82.

Lincoln National (NYSE:LNC - Get Free Report) last announced its quarterly earnings results on Thursday, February 12th. The financial services provider reported $2.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.86 by $0.35. The firm had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.85 billion. Lincoln National had a return on equity of 18.52% and a net margin of 6.46%.The firm's quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.91 earnings per share. Research analysts predict that Lincoln National Corporation will post 7.69 EPS for the current fiscal year.

Lincoln National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Friday, April 10th. Lincoln National's dividend payout ratio is 33.90%.

Insider Activity at Lincoln National

In related news, EVP James Waltman Reid sold 3,050 shares of the company's stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $41.81, for a total value of $127,520.50. Following the completion of the transaction, the executive vice president directly owned 118,567 shares of the company's stock, valued at $4,957,286.27. This represents a 2.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Sean Woodroffe sold 10,000 shares of the company's stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $34.46, for a total value of $344,600.00. Following the completion of the transaction, the executive vice president directly owned 206,159 shares of the company's stock, valued at $7,104,239.14. This trade represents a 4.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 21,050 shares of company stock valued at $734,041 over the last three months. 0.51% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on LNC shares. Weiss Ratings reiterated a "buy (b-)" rating on shares of Lincoln National in a research note on Friday, March 27th. Morgan Stanley decreased their price objective on Lincoln National from $50.00 to $46.00 and set an "overweight" rating for the company in a research note on Tuesday, March 3rd. Barclays decreased their price objective on Lincoln National from $44.00 to $42.00 and set an "equal weight" rating for the company in a research note on Wednesday. UBS Group decreased their price objective on Lincoln National from $43.00 to $37.00 and set a "neutral" rating for the company in a research note on Thursday. Finally, Jefferies Financial Group lifted their price objective on Lincoln National from $52.00 to $59.00 and gave the company a "buy" rating in a research note on Monday, December 15th. Six analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $44.77.

About Lincoln National

Lincoln National Corporation, doing business as Lincoln Financial Group, is a diversified financial services holding company focused on providing retirement, insurance, and wealth management solutions in the United States and select international markets. Headquartered in Radnor, Pennsylvania, the company operates through several business segments, including Retirement Plan Services, Life Insurance, and Group Protection. Its offerings are designed to help individuals, families, and institutions plan and prepare for their financial futures.

The Retirement Plan Services segment delivers recordkeeping, administrative services, and investment management for defined contribution and defined benefit plans.

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