Lincoln National Co. (NYSE:LNC) Shares Purchased by iSAM Funds UK Ltd

iSAM Funds UK Ltd raised its position in shares of Lincoln National Co. (NYSE:LNC - Free Report) by 105.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,467 shares of the financial services provider's stock after buying an additional 12,545 shares during the period. iSAM Funds UK Ltd's holdings in Lincoln National were worth $776,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. M Holdings Securities Inc. purchased a new position in shares of Lincoln National in the 4th quarter valued at about $29,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Lincoln National during the fourth quarter worth approximately $32,000. Headlands Technologies LLC acquired a new stake in Lincoln National in the fourth quarter valued at approximately $35,000. SBI Securities Co. Ltd. purchased a new position in Lincoln National in the fourth quarter worth approximately $36,000. Finally, Aster Capital Management DIFC Ltd lifted its stake in Lincoln National by 182.2% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,250 shares of the financial services provider's stock worth $40,000 after acquiring an additional 807 shares during the last quarter. 72.81% of the stock is currently owned by hedge funds and other institutional investors.

Lincoln National Stock Down 0.9%

Lincoln National stock traded down $0.30 during midday trading on Friday, reaching $32.37. The company's stock had a trading volume of 1,286,483 shares, compared to its average volume of 1,640,417. The business has a 50-day simple moving average of $33.06 and a 200-day simple moving average of $34.06. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.80. Lincoln National Co. has a fifty-two week low of $27.58 and a fifty-two week high of $39.85. The company has a market cap of $5.53 billion, a P/E ratio of 1.76, a P/E/G ratio of 0.30 and a beta of 1.42.

Lincoln National (NYSE:LNC - Get Free Report) last posted its earnings results on Thursday, May 8th. The financial services provider reported $1.60 EPS for the quarter, topping analysts' consensus estimates of $1.54 by $0.06. Lincoln National had a return on equity of 18.47% and a net margin of 17.76%. The business had revenue of $4.69 billion for the quarter, compared to analysts' expectations of $4.71 billion. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The business's revenue was up 14.0% compared to the same quarter last year. On average, research analysts expect that Lincoln National Co. will post 7.69 earnings per share for the current fiscal year.

Lincoln National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Thursday, July 10th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.56%. The ex-dividend date is Thursday, July 10th. Lincoln National's dividend payout ratio (DPR) is currently 25.57%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LNC. UBS Group raised their price objective on shares of Lincoln National from $32.00 to $38.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. Barclays boosted their target price on shares of Lincoln National from $38.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Keefe, Bruyette & Woods cut their price target on 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. Piper Sandler cut their price target on 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, Evercore ISI raised their price target on Lincoln National from $41.00 to $44.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $36.82.

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.