Huntleigh Advisors Inc. Has $1.42 Million Position in Lincoln National Corporation (NYSE:LNC)

Huntleigh Advisors Inc. increased its holdings in Lincoln National Corporation (NYSE:LNC - Free Report) by 148.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,604 shares of the financial services provider's stock after acquiring an additional 23,636 shares during the period. Huntleigh Advisors Inc.'s holdings in Lincoln National were worth $1,422,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its stake in Lincoln National by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,876,319 shares of the financial services provider's stock worth $91,208,000 after acquiring an additional 56,614 shares in the last quarter. Norges Bank purchased a new stake in Lincoln National in the 4th quarter worth about $76,951,000. Arrowstreet Capital Limited Partnership lifted its stake in Lincoln National by 84.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,543,624 shares of the financial services provider's stock worth $48,948,000 after acquiring an additional 708,584 shares in the last quarter. Balyasny Asset Management L.P. lifted its holdings in shares of Lincoln National by 301.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,522,195 shares of the financial services provider's stock valued at $48,269,000 after buying an additional 1,142,759 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Lincoln National by 53.1% during the 4th quarter. First Trust Advisors LP now owns 1,258,512 shares of the financial services provider's stock valued at $39,907,000 after buying an additional 436,462 shares during the last quarter. 72.81% of the stock is owned by hedge funds and other institutional investors.

Lincoln National Stock Performance

Shares of LNC stock traded down $0.20 during trading on Friday, reaching $34.77. The company had a trading volume of 1,306,497 shares, compared to its average volume of 1,663,001. 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 firm's 50 day simple moving average is $33.41 and its two-hundred day simple moving average is $33.82. The company has a market capitalization of $5.93 billion, a PE ratio of 4.94, a PEG ratio of 0.46 and a beta of 1.39. Lincoln National Corporation has a one year low of $27.58 and a one year high of $39.85.

Lincoln National (NYSE:LNC - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The financial services provider reported $1.60 EPS for the quarter, topping 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 the consensus estimate of $4.71 billion. During the same period in the previous year, the business posted $0.41 EPS. The company's revenue for the quarter was up 14.0% on a year-over-year basis. Sell-side analysts forecast that Lincoln National Corporation will post 7.69 earnings per share for the current year.

Lincoln National Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Thursday, July 10th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 5.18%. The ex-dividend date is Thursday, July 10th. Lincoln National's payout ratio is presently 25.57%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LNC. Morgan Stanley lifted their price target on Lincoln National from $32.00 to $38.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Wall Street Zen upgraded Lincoln National from a "sell" rating to a "hold" rating in a report on Saturday. Piper Sandler reduced 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. Barclays lifted their price target on Lincoln National from $38.00 to $40.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Finally, UBS Group raised their price objective on Lincoln National from $32.00 to $38.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. Ten analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $37.00.

Insider Buying and Selling at Lincoln National

In related news, 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 value of $333,482.50. Following the sale, the executive vice president owned 48,743 shares of the company's stock, valued at $1,613,393.30. The trade was a 17.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sean Woodroffe sold 43,622 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was 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 directly owned 154,102 shares in the company, valued at approximately $5,051,463.56. This represents a 22.06% decrease in their position. The disclosure for this sale can be found here. 0.51% of the stock is owned by insiders.

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.