Twinbeech Capital LP Has $11.82 Million Stock Position in Lincoln National Co. (NYSE:LNC)

Twinbeech Capital LP grew its stake in shares of Lincoln National Co. (NYSE:LNC - Free Report) by 51.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 372,759 shares of the financial services provider's stock after purchasing an additional 126,590 shares during the quarter. Twinbeech Capital LP owned about 0.22% of Lincoln National worth $11,820,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in shares of Lincoln National by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,876,319 shares of the financial services provider's stock worth $91,208,000 after acquiring an additional 56,614 shares during the last quarter. Norges Bank acquired a new position in shares of Lincoln National during the 4th quarter worth approximately $76,951,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Lincoln National by 84.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,543,624 shares of the financial services provider's stock worth $48,948,000 after acquiring an additional 708,584 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in shares of Lincoln National by 301.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,522,195 shares of the financial services provider's stock worth $48,269,000 after acquiring an additional 1,142,759 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Lincoln National by 53.1% during the 4th quarter. First Trust Advisors LP now owns 1,258,512 shares of the financial services provider's stock worth $39,907,000 after acquiring an additional 436,462 shares during the last quarter. Institutional investors and hedge funds own 72.81% of the company's stock.

Lincoln National Stock Performance

NYSE:LNC opened at $34.26 on Tuesday. The stock has a fifty day moving average price of $33.31 and a 200-day moving average price of $34.09. The company has a market cap of $5.85 billion, a price-to-earnings ratio of 1.86, a PEG 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 fifty-two week low of $27.58 and a fifty-two week high of $39.85.

Lincoln National (NYSE:LNC - Get Free Report) last released its earnings results on Thursday, May 8th. The financial services provider reported $1.60 earnings per share for the quarter, beating 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 the consensus estimate of $4.71 billion. During the same period in the prior year, the company posted $0.41 EPS. The company's revenue was up 14.0% compared to the same quarter last year. As a group, equities analysts anticipate that Lincoln National Co. will post 7.69 EPS for the current fiscal year.

Lincoln National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, April 10th. This represents a $1.80 annualized dividend and a dividend yield of 5.25%. Lincoln National's dividend payout ratio is currently 25.57%.

Wall Street Analysts Forecast Growth

LNC has been the topic of a number of recent analyst reports. Morgan Stanley boosted their target price on Lincoln National from $32.00 to $38.00 and gave the stock an "equal weight" rating in a report on Monday. StockNews.com lowered Lincoln National from a "hold" rating to a "sell" rating in a report on Monday, May 12th. Piper Sandler reduced their price target on Lincoln National from $38.00 to $36.00 and set a "neutral" rating for the company in a research note on Friday, May 9th. Keefe, Bruyette & Woods reduced their price target 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. Finally, Wells Fargo & Company reduced their price target on 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 given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $36.82.

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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