Voloridge Investment Management LLC Purchases 49,496 Shares of Lincoln National Co. (NYSE:LNC)

Voloridge Investment Management LLC lifted its stake in shares of Lincoln National Co. (NYSE:LNC - Free Report) by 4.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,118,235 shares of the financial services provider's stock after acquiring an additional 49,496 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.66% of Lincoln National worth $35,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. M Holdings Securities Inc. acquired a new stake in Lincoln National in the fourth quarter valued at approximately $29,000. Kapitalo Investimentos Ltda purchased a new position in Lincoln National in the fourth quarter worth $32,000. Headlands Technologies LLC purchased a new position in Lincoln National in the fourth quarter worth $35,000. SBI Securities Co. Ltd. bought a new stake in shares of Lincoln National in the fourth quarter valued at $36,000. Finally, Aster Capital Management DIFC Ltd raised its stake in shares of 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 buying an additional 807 shares during the period. 72.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Morgan Stanley boosted their target price on Lincoln National from $32.00 to $38.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Evercore ISI boosted their price objective 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. UBS Group boosted their price objective on Lincoln National from $32.00 to $38.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. Barclays boosted their price objective 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. Finally, Piper Sandler decreased their price objective 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 research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $36.82.

Lincoln National Price Performance

NYSE LNC traded up $0.84 during trading on Tuesday, reaching $33.22. The company's stock had a trading volume of 311,535 shares, compared to its average volume of 1,635,253. The stock has a market capitalization of $5.67 billion, a PE ratio of 1.81, a P/E/G ratio of 0.30 and a beta of 1.42. 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 fifty day moving average of $32.96 and a 200 day moving average of $34.03. Lincoln National Co. has a one year low of $27.58 and a one year high of $39.85.

Lincoln National (NYSE:LNC - Get Free Report) last announced its earnings results on Thursday, May 8th. The financial services provider reported $1.60 earnings per share for the quarter, topping analysts' consensus estimates of $1.54 by $0.06. The business had revenue of $4.69 billion for 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 quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.41 EPS. Analysts expect that Lincoln National Co. will post 7.69 EPS for the current fiscal year.

Lincoln National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $1.80 dividend on an annualized basis and a yield of 5.42%. Lincoln National's dividend payout ratio is currently 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.