Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Lincoln National Co. (NYSE:LNC)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Lincoln National Co. (NYSE:LNC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 96,000 shares of the financial services provider's stock, valued at approximately $3,044,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.06% of Lincoln National at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Jefferies Financial Group Inc. grew its stake in shares of 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 acquiring an additional 130,727 shares in the last quarter. Mackenzie Financial Corp raised its stake in Lincoln National by 204.0% during the fourth quarter. Mackenzie Financial Corp now owns 37,888 shares of the financial services provider's stock valued at $1,201,000 after buying an additional 25,424 shares in the last quarter. Western Wealth Management LLC bought a new position in Lincoln National during the 4th quarter worth approximately $286,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Lincoln National by 10.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 593,901 shares of the financial services provider's stock worth $18,833,000 after buying an additional 54,588 shares during the last quarter. Finally, Voloridge Investment Management LLC increased its holdings in shares of Lincoln National by 4.6% in the 4th quarter. Voloridge Investment Management LLC now owns 1,118,235 shares of the financial services provider's stock valued at $35,459,000 after acquiring an additional 49,496 shares during the last quarter. 72.81% of the stock is owned by hedge funds and other institutional investors.

Lincoln National Stock Performance

Shares of NYSE LNC traded up $0.63 during midday trading on Friday, hitting $33.44. 1,091,558 shares of the company's stock were exchanged, compared to its average volume of 1,627,602. 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 stock's 50 day moving average price is $32.32 and its 200-day moving average price is $33.91. The firm has a market cap of $5.71 billion, a P/E ratio of 1.82, a PEG ratio of 0.30 and a beta of 1.42. Lincoln National Co. has a twelve month low of $27.58 and a twelve month high of $39.85.

Lincoln National (NYSE:LNC - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate 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 revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 earnings per share. 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 declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be issued a $0.45 dividend. The ex-dividend date is Thursday, July 10th. This represents a $1.80 annualized dividend and a dividend yield of 5.38%. Lincoln National's dividend payout ratio is currently 25.57%.

Insider Buying and Selling at Lincoln National

In other Lincoln National news, EVP Sean Woodroffe sold 43,622 shares of Lincoln National stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $32.78, for a total transaction of $1,429,929.16. Following the transaction, the executive vice president now directly owns 154,102 shares in the company, valued at approximately $5,051,463.56. The trade was a 22.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Brian Kroll sold 10,075 shares of Lincoln National stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $33.10, for a total transaction of $333,482.50. Following the transaction, the executive vice president now owns 48,743 shares in the company, valued at approximately $1,613,393.30. The trade was a 17.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.51% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

LNC has been the topic of several research analyst reports. Keefe, Bruyette & Woods reduced their price objective on Lincoln National from $40.00 to $38.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 9th. UBS Group raised their price target on shares of Lincoln National from $32.00 to $38.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. Wells Fargo & Company reduced their price target on shares of Lincoln National from $36.00 to $31.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. Wall Street Zen downgraded shares of Lincoln National from a "hold" rating to a "sell" rating in a research report on Monday, May 12th. Finally, Evercore ISI lifted their target price on Lincoln National from $41.00 to $44.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $36.82.

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.