Innealta Capital LLC Invests $310,000 in Lincoln National Corporation (NYSE:LNC)

Innealta Capital LLC bought a new stake in Lincoln National Corporation (NYSE:LNC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,631 shares of the financial services provider's stock, valued at approximately $310,000.

Several other large investors have also recently added to or reduced their stakes in the company. NBC Securities Inc. acquired a new stake in Lincoln National in the first quarter valued at about $33,000. M Holdings Securities Inc. acquired a new stake in Lincoln National in the fourth quarter valued at about $29,000. Kapitalo Investimentos Ltda acquired a new stake in Lincoln National in the fourth quarter valued at about $32,000. Headlands Technologies LLC acquired a new stake in Lincoln National in the fourth quarter valued at about $35,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Lincoln National in the fourth quarter valued at about $36,000. 72.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on LNC. Barclays raised their price objective on shares of Lincoln National from $38.00 to $40.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Wells Fargo & Company lowered their price target on shares of Lincoln National from $36.00 to $31.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. Morgan Stanley upped their price target on shares of Lincoln National from $32.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Piper Sandler lowered their price target on shares of Lincoln National from $38.00 to $36.00 and set a "neutral" rating on the stock in a research note on Friday, May 9th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Lincoln National from $40.00 to $38.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Lincoln National presently has a consensus rating of "Hold" and a consensus target price of $36.82.

Insider Buying and Selling at Lincoln National

In other news, EVP Sean Woodroffe sold 43,622 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 154,102 shares in the company, valued at $5,051,463.56. This represents a 22.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Brian Kroll sold 10,075 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $33.10, for a total transaction of $333,482.50. Following the transaction, the executive vice president now owns 48,743 shares in the company, valued at approximately $1,613,393.30. The trade was a 17.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

Lincoln National Trading Down 0.5%

NYSE:LNC traded down $0.16 on Friday, reaching $33.01. The stock had a trading volume of 2,651,302 shares, compared to its average volume of 1,635,145. The company has a market cap of $5.63 billion, a price-to-earnings ratio of 4.69, a P/E/G ratio of 0.43 and a beta of 1.40. 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 fifty day moving average is $32.67 and its two-hundred day moving average is $33.75. Lincoln National Corporation has a 12-month low of $27.58 and a 12-month high of $39.85.

Lincoln National (NYSE:LNC - Get Free Report) last released its earnings results on Thursday, May 8th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.54 by $0.06. The company had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.71 billion. Lincoln National had a net margin of 7.00% and a return on equity of 18.71%. The firm's quarterly revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.41 EPS. Equities analysts expect that Lincoln National Corporation will post 7.69 EPS 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. Shareholders of record on Thursday, July 10th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $1.80 dividend on an annualized basis and a yield of 5.45%. Lincoln National's dividend payout ratio (DPR) 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.