Deutsche Bank AG Raises Stock Position in Lincoln National Co. (NYSE:LNC)

Deutsche Bank AG boosted its position in shares of Lincoln National Co. (NYSE:LNC - Free Report) by 158.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 247,328 shares of the financial services provider's stock after purchasing an additional 151,731 shares during the period. Deutsche Bank AG owned approximately 0.15% of Lincoln National worth $7,843,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. EP Wealth Advisors LLC raised its stake in Lincoln National by 16.7% during the fourth quarter. EP Wealth Advisors LLC now owns 10,539 shares of the financial services provider's stock worth $334,000 after purchasing an additional 1,507 shares during the period. Collar Capital Management LLC acquired a new stake in shares of Lincoln National during the fourth quarter valued at about $2,777,000. Corton Capital Inc. acquired a new stake in shares of Lincoln National during the fourth quarter valued at about $431,000. Brevan Howard Capital Management LP increased its position in shares of Lincoln National by 329.2% during the fourth quarter. Brevan Howard Capital Management LP now owns 73,639 shares of the financial services provider's stock valued at $2,335,000 after acquiring an additional 56,481 shares during the last quarter. Finally, Bridgefront Capital LLC acquired a new stake in shares of Lincoln National during the fourth quarter valued at about $292,000. 72.81% of the stock is owned by hedge funds and other institutional investors.

Lincoln National Stock Down 0.9%

Shares of LNC stock traded down $0.30 during 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 1,641,255. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market capitalization of $5.53 billion, a price-to-earnings ratio of 1.76, a P/E/G ratio of 0.30 and a beta of 1.42. The stock's 50-day moving average price is $33.06 and its 200 day moving average price is $34.07. Lincoln National Co. has a 1-year low of $27.58 and a 1-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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.54 by $0.06. Lincoln National had a net margin of 17.76% and a return on equity of 18.47%. The company had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The firm's quarterly revenue was up 14.0% on a year-over-year basis. On average, research analysts anticipate that Lincoln National Co. will post 7.69 EPS for the current year.

Lincoln National Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on LNC shares. Keefe, Bruyette & Woods dropped their price target on shares of Lincoln National from $40.00 to $38.00 and set a "market perform" rating for the company in a research report on Wednesday, April 9th. Wells Fargo & Company dropped their price target on shares of Lincoln National from $36.00 to $31.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Morgan Stanley lifted their price target on shares of Lincoln National from $32.00 to $38.00 and gave the company an "equal weight" rating in a research report on Monday. Wall Street Zen cut shares of Lincoln National from a "hold" rating to a "sell" rating in a research report on Monday, May 12th. Finally, UBS Group lifted their price target on shares of Lincoln National from $32.00 to $38.00 and gave the company a "neutral" rating in a research report on Wednesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $36.82.

About Lincoln National

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.