Measured Wealth Private Client Group LLC Buys Shares of 6,568 Lincoln National Corporation (NYSE:LNC)

Key Points

• Measured Wealth Private Client Group LLC has purchased 6,568 shares of Lincoln National Corporation for approximately $236,000, indicating growing institutional interest in the company.
• Insider transactions revealed that executives have sold significant amounts of Lincoln National stock, including EVP Sean Woodroffe, who sold 43,622 shares, decreasing his ownership by 22.06%.
• Analysts have mixed views on Lincoln National, with recent price target adjustments ranging from a low of $36 to a high of $41, while maintaining an overall "Hold" rating for the stock.

Measured Wealth Private Client Group LLC bought a new stake in Lincoln National Corporation (NYSE:LNC - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,568 shares of the financial services provider's stock, valued at approximately $236,000.

Other institutional investors also recently made changes to their positions in the company. Baader Bank Aktiengesellschaft increased its holdings in shares of Lincoln National by 4.7% in the 1st quarter. Baader Bank Aktiengesellschaft now owns 7,329 shares of the financial services provider's stock valued at $261,000 after acquiring an additional 329 shares during the last quarter. SYM FINANCIAL Corp increased its holdings in shares of Lincoln National by 5.9% in the 1st quarter. SYM FINANCIAL Corp now owns 7,154 shares of the financial services provider's stock valued at $257,000 after acquiring an additional 400 shares during the last quarter. Treasurer of the State of North Carolina increased its holdings in shares of Lincoln National by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 74,806 shares of the financial services provider's stock valued at $2,372,000 after acquiring an additional 470 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of Lincoln National by 5.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 9,236 shares of the financial services provider's stock valued at $293,000 after acquiring an additional 513 shares during the last quarter. Finally, Gotham Asset Management LLC increased its holdings in shares of Lincoln National by 4.7% in the 4th quarter. Gotham Asset Management LLC now owns 11,720 shares of the financial services provider's stock valued at $372,000 after acquiring an additional 524 shares during the last quarter. 72.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Lincoln National

In other news, EVP Sean Woodroffe sold 43,622 shares of the 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 owned 154,102 shares of the company's stock, valued at approximately $5,051,463.56. This represents a 22.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP John Christopher Kennedy sold 5,000 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $39.29, for a total value of $196,450.00. Following the completion of the transaction, the executive vice president directly owned 123,815 shares of the company's stock, valued at approximately $4,864,691.35. The trade was a 3.88% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,697 shares of company stock valued at $1,959,862. 0.51% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LNC. Barclays boosted 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. Wells Fargo & Company reiterated a "positive" rating on shares of Lincoln National in a report on Tuesday. Piper Sandler lowered 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. JPMorgan Chase & Co. boosted their price target on Lincoln National from $38.00 to $41.00 and gave the company an "underweight" rating in a report on Tuesday, July 8th. Finally, Morgan Stanley boosted 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. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $39.22.

Lincoln National Price Performance

Shares of LNC opened at $38.17 on Friday. The company has a market cap of $7.24 billion, a P/E ratio of 6.66, a PEG ratio of 0.53 and a beta of 1.42. The stock has a fifty day moving average price of $34.52 and a 200 day moving average price of $34.48. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.26 and a quick ratio of 0.26. 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 issued its quarterly earnings data on Thursday, July 31st. The financial services provider reported $2.36 EPS for the quarter, topping analysts' consensus estimates of $1.91 by $0.45. The firm had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.65 billion. Lincoln National had a return on equity of 19.14% and a net margin of 6.34%. During the same period in the prior year, the business earned $1.87 EPS. On average, research analysts forecast that Lincoln National Corporation will post 7.69 earnings per share for the current year.

Lincoln National Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Thursday, July 10th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $1.80 annualized dividend and a dividend yield of 4.7%. Lincoln National's dividend payout ratio is presently 31.41%.

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.

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