MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 8,165 Shares of Lincoln National Co. (NYSE:LNC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Lincoln National Co. (NYSE:LNC - Free Report) by 17.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,990 shares of the financial services provider's stock after acquiring an additional 8,165 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Lincoln National were worth $1,744,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of LNC. M Holdings Securities Inc. purchased a new position in Lincoln National in the 4th quarter worth approximately $29,000. Kapitalo Investimentos Ltda bought a new stake in shares of Lincoln National during the fourth quarter valued at approximately $32,000. Headlands Technologies LLC bought a new stake in shares of 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 fourth quarter valued at approximately $36,000. Finally, Aster Capital Management DIFC Ltd boosted its position in shares of 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 purchasing an additional 807 shares in the last quarter. Institutional investors own 72.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on LNC shares. Morgan Stanley lifted their price objective on Lincoln National from $32.00 to $38.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Barclays lifted their price objective on Lincoln National from $38.00 to $40.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. UBS Group lifted their price objective on Lincoln National from $32.00 to $38.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. Wall Street Zen cut Lincoln National from a "hold" rating to a "sell" rating in a research note on Monday, May 12th. Finally, Keefe, Bruyette & Woods lowered their price objective on Lincoln National from $40.00 to $38.00 and set a "market perform" rating for the company in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $36.82.

Lincoln National Stock Performance

Shares of NYSE:LNC traded down $0.31 during midday trading on Wednesday, reaching $33.23. 102,590 shares of the company's stock traded hands, compared to its average volume of 1,634,837. The company has a market cap of $5.67 billion, a price-to-earnings ratio of 1.81, a P/E/G ratio of 0.30 and a beta of 1.42. 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 Co. has a one year low of $27.58 and a one year high of $39.85. The stock has a 50 day moving average of $32.90 and a 200 day moving average of $34.03.

Lincoln National (NYSE:LNC - Get Free Report) last released its quarterly 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 business had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.71 billion. Lincoln National had a return on equity of 18.47% and a net margin of 17.76%. The business's quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 EPS. As a group, equities research analysts anticipate that Lincoln National Co. will post 7.69 EPS for the current fiscal year.

Lincoln National Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, July 10th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.42%. Lincoln National's dividend payout ratio is currently 25.57%.

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.