Waters Parkerson & CO. LLC cut its position in shares of Lincoln National Co. (NYSE:LNC - Free Report) by 27.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,105 shares of the financial services provider's stock after selling 33,325 shares during the period. Waters Parkerson & CO. LLC owned 0.05% of Lincoln National worth $2,794,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in LNC. M Holdings Securities Inc. bought a new stake in Lincoln National in the fourth quarter worth $29,000. Kapitalo Investimentos Ltda bought a new stake in Lincoln National during the fourth quarter worth approximately $32,000. Headlands Technologies LLC acquired a new position in Lincoln National during the fourth quarter valued at approximately $35,000. SBI Securities Co. Ltd. bought a new stake in shares of Lincoln National during the 4th quarter worth $36,000. Finally, Aster Capital Management DIFC Ltd boosted its holdings in Lincoln National by 182.2% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,250 shares of the financial services provider's stock valued at $40,000 after acquiring an additional 807 shares during the period. Institutional investors and hedge funds own 72.81% of the company's stock.
Lincoln National Stock Up 1.0%
Shares of LNC opened at $34.43 on Monday. The business's fifty day moving average price is $33.32 and its two-hundred day moving average price is $34.09. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of 1.87, a PEG ratio of 0.30 and a beta of 1.42. Lincoln National Co. has a 52 week low of $27.58 and a 52 week high of $39.85. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.27 and a current ratio of 0.27.
Lincoln National (NYSE:LNC - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $4.69 billion during the quarter, compared to analyst estimates of $4.71 billion. During the same period last year, the company earned $0.41 earnings per share. The company's revenue was up 14.0% on a year-over-year basis. On average, analysts predict that Lincoln National Co. will post 7.69 earnings per share for the current year.
Lincoln National Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were given a $0.45 dividend. The ex-dividend date was Thursday, April 10th. This represents a $1.80 annualized dividend and a dividend yield of 5.23%. Lincoln National's dividend payout ratio is currently 25.57%.
Analysts Set New Price Targets
LNC has been the topic of a number of research analyst reports. Piper Sandler lowered their target price on Lincoln National from $38.00 to $36.00 and set a "neutral" rating on the stock in a report on Friday, May 9th. Wells Fargo & Company lowered their price target on 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. Evercore ISI boosted their price target on shares of Lincoln National from $41.00 to $44.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. UBS Group lifted their price objective on Lincoln National from $32.00 to $38.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. Finally, Morgan Stanley lowered their target price on shares of Lincoln National from $42.00 to $32.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Lincoln National has a consensus rating of "Hold" and an average price target of $36.27.
Get Our Latest Stock Analysis on Lincoln National
About Lincoln National
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding LNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lincoln National Co. (NYSE:LNC - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Lincoln National, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lincoln National wasn't on the list.
While Lincoln National currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
