DMC Group LLC Has $925,000 Stock Holdings in Lincoln National Corporation (NYSE:LNC)

DMC Group LLC grew its holdings in Lincoln National Corporation (NYSE:LNC - Free Report) by 47.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,749 shares of the financial services provider's stock after buying an additional 8,250 shares during the period. DMC Group LLC's holdings in Lincoln National were worth $925,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. HighPoint Advisor Group LLC boosted its holdings in shares of Lincoln National by 3.2% during the fourth quarter. HighPoint Advisor Group LLC now owns 8,460 shares of the financial services provider's stock worth $268,000 after acquiring an additional 262 shares during the period. Hillsdale Investment Management Inc. lifted its holdings in Lincoln National by 30.4% during the 4th quarter. Hillsdale Investment Management Inc. now owns 1,500 shares of the financial services provider's stock worth $48,000 after purchasing an additional 350 shares during the last quarter. Arizona State Retirement System boosted its stake in Lincoln National by 0.9% in the 4th quarter. Arizona State Retirement System now owns 49,394 shares of the financial services provider's stock valued at $1,566,000 after purchasing an additional 436 shares during the period. Treasurer of the State of North Carolina grew its holdings in Lincoln National by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 74,806 shares of the financial services provider's stock valued at $2,372,000 after buying an additional 470 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its position in 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 worth $293,000 after buying an additional 513 shares during the period. 72.81% of the stock is currently owned by institutional investors.

Insider Transactions at Lincoln National

In related news, EVP Sean Woodroffe sold 43,622 shares of the 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 owned 154,102 shares of the company's stock, valued at $5,051,463.56. This represents a 22.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Brian Kroll sold 10,075 shares of the business's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $33.10, for a total transaction of $333,482.50. Following the sale, the executive vice president directly owned 48,743 shares in the company, valued at approximately $1,613,393.30. The trade was a 17.13% decrease in their position. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

LNC has been the subject of a number of recent research reports. Piper Sandler reduced their target price on shares of Lincoln National from $38.00 to $36.00 and set a "neutral" rating for the company in a research report on Friday, May 9th. Barclays boosted their price objective on shares of Lincoln National from $38.00 to $40.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Wall Street Zen raised shares of Lincoln National from a "sell" rating to a "hold" rating in a report on Saturday, July 5th. UBS Group boosted their price target on Lincoln National from $32.00 to $38.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. Finally, Morgan Stanley raised their price objective on Lincoln National from $32.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. One research analyst has rated the stock with a sell rating and nine have given a hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $38.78.

Lincoln National Price Performance

NYSE:LNC traded down $0.17 during mid-day trading on Friday, reaching $34.08. The stock had a trading volume of 1,463,401 shares, compared to its average volume of 1,674,857. Lincoln National Corporation has a 12 month low of $27.58 and a 12 month high of $39.85. The stock has a market capitalization of $5.82 billion, a PE ratio of 4.84, a P/E/G ratio of 0.45 and a beta of 1.39. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.25 and a quick ratio of 0.25. The stock has a 50-day simple moving average of $33.62 and a two-hundred day simple moving average of $33.93.

Lincoln National (NYSE:LNC - Get Free Report) last issued 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 return on equity of 18.71% and a net margin of 7.00%. The company had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.71 billion. During the same quarter last year, the company posted $0.41 EPS. The company's revenue for the quarter was up 14.0% compared to the same quarter last year. On average, equities analysts anticipate that Lincoln National Corporation will post 7.69 earnings per share for the current year.

Lincoln National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 5.28%. The ex-dividend date of this dividend is Thursday, July 10th. Lincoln National's payout ratio is 25.57%.

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.