Twinbeech Capital LP Raises Position in Lincoln National Co. (NYSE:LNC)

Twinbeech Capital LP raised its stake in Lincoln National Co. (NYSE:LNC - Free Report) by 51.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 372,759 shares of the financial services provider's stock after acquiring an additional 126,590 shares during the period. Twinbeech Capital LP owned about 0.22% of Lincoln National worth $11,820,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. M Holdings Securities Inc. bought a new stake in Lincoln National in the fourth quarter valued at $29,000. Kapitalo Investimentos Ltda bought a new stake in Lincoln National in the fourth quarter valued at $32,000. Headlands Technologies LLC bought a new stake in Lincoln National in the fourth quarter valued at $35,000. SBI Securities Co. Ltd. bought a new stake in Lincoln National in the fourth quarter valued at $36,000. Finally, Aster Capital Management DIFC Ltd grew its position in Lincoln National by 182.2% in 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. 72.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LNC. Evercore ISI increased their target price on Lincoln National from $41.00 to $44.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. Barclays upped their price target 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 increased their target price 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 lowered Lincoln National from a "hold" rating to a "sell" rating in a research note on Monday, May 12th. Finally, Piper Sandler cut their target price on Lincoln National from $38.00 to $36.00 and set a "neutral" rating on the stock in a research note on Friday, May 9th. Two investment 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, Lincoln National presently has a consensus rating of "Hold" and an average target price of $36.82.

Lincoln National Stock Down 0.9%

LNC stock traded down $0.30 during trading on Friday, reaching $32.37. 1,286,483 shares of the stock were exchanged, compared to its average volume of 1,640,417. The firm's 50 day moving average is $33.06 and its 200 day moving average is $34.06. Lincoln National Co. has a twelve month low of $27.58 and a twelve month high of $39.85. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.80. The firm has a market cap of $5.53 billion, a P/E ratio of 1.76, a price-to-earnings-growth ratio of 0.30 and a beta of 1.42.

Lincoln National (NYSE:LNC - Get Free Report) last issued 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. The firm had revenue of $4.69 billion during the quarter, compared to analyst estimates of $4.71 billion. Lincoln National had a return on equity of 18.47% and a net margin of 17.76%. The company's revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 EPS. As a group, research analysts forecast that Lincoln National Co. will post 7.69 EPS for the current year.

Lincoln National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Thursday, July 10th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 5.56%. The ex-dividend date of this dividend is Thursday, July 10th. Lincoln National's dividend payout ratio is presently 25.57%.

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.