Universal Beteiligungs und Servicegesellschaft mbH Purchases 37,159 Shares of Lincoln National Corporation $LNC

Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of Lincoln National Corporation (NYSE:LNC - Free Report) by 24.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 186,600 shares of the financial services provider's stock after buying an additional 37,159 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.10% of Lincoln National worth $8,312,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Lincoln National by 6.3% in the 3rd quarter. Vanguard Group Inc. now owns 19,903,720 shares of the financial services provider's stock valued at $802,717,000 after purchasing an additional 1,183,934 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Lincoln National by 145.5% during the third quarter. Nisa Investment Advisors LLC now owns 116,116 shares of the financial services provider's stock worth $4,683,000 after purchasing an additional 68,827 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Lincoln National by 30.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 203,931 shares of the financial services provider's stock worth $8,180,000 after purchasing an additional 47,419 shares during the period. Commonwealth Equity Services LLC raised its position in shares of Lincoln National by 101.9% in the third quarter. Commonwealth Equity Services LLC now owns 285,105 shares of the financial services provider's stock valued at $11,498,000 after buying an additional 143,862 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Lincoln National by 21.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,952,166 shares of the financial services provider's stock valued at $240,051,000 after buying an additional 1,035,505 shares in the last quarter. Institutional investors own 72.81% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on LNC shares. Morgan Stanley reduced their price target on Lincoln National from $50.00 to $46.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 3rd. Keefe, Bruyette & Woods reiterated a "moderate buy" rating and set a $43.00 target price on shares of Lincoln National in a research report on Thursday, March 26th. National Bank Financial set a $48.00 target price on Lincoln National in a report on Monday, April 13th. Bank of America decreased their price target on Lincoln National from $41.00 to $37.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 14th. Finally, Wells Fargo & Company dropped their price target on Lincoln National from $48.00 to $43.00 and set an "overweight" rating for the company in a research note on Friday, April 10th. Six investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Lincoln National presently has a consensus rating of "Hold" and an average target price of $43.79.

Lincoln National Stock Up 0.0%

Shares of LNC opened at $36.98 on Monday. Lincoln National Corporation has a one year low of $31.08 and a one year high of $46.82. The company has a market cap of $7.07 billion, a P/E ratio of 6.96, a P/E/G ratio of 2.35 and a beta of 1.23. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a 50 day simple moving average of $35.58 and a two-hundred day simple moving average of $39.61.

Lincoln National (NYSE:LNC - Get Free Report) last issued its earnings results on Thursday, February 12th. The financial services provider reported $2.21 earnings per share for the quarter, beating analysts' consensus estimates of $1.86 by $0.35. Lincoln National had a return on equity of 18.52% and a net margin of 6.46%.The firm had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter last year, the business posted $1.91 EPS. The company's revenue was down 2.8% compared to the same quarter last year. Research analysts forecast that Lincoln National Corporation will post 7.79 EPS for the current fiscal year.

Lincoln National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, April 10th. This represents a $1.80 annualized dividend and a yield of 4.9%. Lincoln National's dividend payout ratio (DPR) is 33.90%.

Insider Activity at Lincoln National

In other Lincoln National news, EVP James Waltman Reid sold 3,050 shares of Lincoln National stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $41.81, for a total value of $127,520.50. Following the transaction, the executive vice president owned 118,567 shares in the company, valued at $4,957,286.27. The trade was a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder National Life Insuranc Lincoln bought 2,254,486 shares of the stock in a transaction on Wednesday, February 25th. The shares were acquired at an average cost of $11.09 per share, with a total value of $25,002,249.74. Following the purchase, the insider owned 9,784,322 shares of the company's stock, valued at approximately $108,508,130.98. This represents a 29.94% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold 21,050 shares of company stock valued at $734,041 over the last ninety days. 0.54% of the stock is owned by corporate insiders.

Lincoln National Profile

Lincoln National Corporation, doing business as Lincoln Financial Group, is a diversified financial services holding company focused on providing retirement, insurance, and wealth management solutions in the United States and select international markets. Headquartered in Radnor, Pennsylvania, the company operates through several business segments, including Retirement Plan Services, Life Insurance, and Group Protection. Its offerings are designed to help individuals, families, and institutions plan and prepare for their financial futures.

The Retirement Plan Services segment delivers recordkeeping, administrative services, and investment management for defined contribution and defined benefit plans.

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