NorthRock Partners LLC Makes New Investment in Lincoln National Co. (NYSE:LNC)

NorthRock Partners LLC bought a new position in Lincoln National Co. (NYSE:LNC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,877 shares of the financial services provider's stock, valued at approximately $313,000.

A number of other institutional investors also recently made changes to their positions in the stock. Occudo Quantitative Strategies LP acquired a new stake in shares of Lincoln National in the 4th quarter worth approximately $329,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Lincoln National by 17.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,990 shares of the financial services provider's stock worth $1,744,000 after acquiring an additional 8,165 shares during the period. Lazard Asset Management LLC lifted its stake in Lincoln National by 18,466.7% during the fourth quarter. Lazard Asset Management LLC now owns 3,899 shares of the financial services provider's stock valued at $123,000 after purchasing an additional 3,878 shares during the last quarter. Interval Partners LP lifted its stake in Lincoln National by 153.7% during the fourth quarter. Interval Partners LP now owns 81,986 shares of the financial services provider's stock valued at $2,600,000 after purchasing an additional 49,670 shares during the last quarter. Finally, Jefferies Financial Group Inc. lifted its stake in Lincoln National by 594.2% during the fourth quarter. Jefferies Financial Group Inc. now owns 152,727 shares of the financial services provider's stock valued at $4,843,000 after purchasing an additional 130,727 shares during the last quarter. 72.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on LNC shares. Keefe, Bruyette & Woods cut their target price on shares of 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. Barclays increased their target price on shares of Lincoln National from $38.00 to $40.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. StockNews.com lowered shares of Lincoln National from a "hold" rating to a "sell" rating in a research note on Monday, May 12th. Evercore ISI increased their target price on shares of Lincoln National from $41.00 to $44.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. Finally, Wells Fargo & Company cut their target price on shares of Lincoln National from $36.00 to $31.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Two 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. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $36.27.

Lincoln National Stock Up 1.0%

LNC stock opened at $34.43 on Friday. Lincoln National Co. has a 52-week low of $27.58 and a 52-week high of $39.85. The company's 50 day simple moving average is $33.32 and its 200-day simple moving average is $34.09. 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 firm has a market capitalization of $5.88 billion, a P/E ratio of 1.87, a P/E/G ratio of 0.30 and a beta of 1.42.

Lincoln National (NYSE:LNC - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The financial services provider reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.06. The firm had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.71 billion. Lincoln National had a net margin of 17.76% and a return on equity of 18.47%. The company's revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.41 EPS. As a group, equities research analysts anticipate that Lincoln National Co. will post 7.69 EPS for the current year.

Lincoln National Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were paid a $0.45 dividend. The ex-dividend date was Thursday, April 10th. This represents a $1.80 annualized dividend and a yield of 5.23%. Lincoln National's dividend payout ratio is presently 25.57%.

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.

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