9,033 Shares in Lincoln National Co. (NYSE:LNC) Purchased by Western Wealth Management LLC

Western Wealth Management LLC bought a new position in shares of Lincoln National Co. (NYSE:LNC - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,033 shares of the financial services provider's stock, valued at approximately $286,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC raised its holdings in shares of Lincoln National by 19.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 64,658 shares of the financial services provider's stock valued at $2,050,000 after purchasing an additional 10,560 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Lincoln National in the 4th quarter valued at $1,094,000. Cornerstone Wealth Management LLC raised its holdings in shares of Lincoln National by 4.0% in the 4th quarter. Cornerstone Wealth Management LLC now owns 30,109 shares of the financial services provider's stock valued at $955,000 after purchasing an additional 1,159 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Lincoln National in the 4th quarter valued at $2,358,000. Finally, Insight Inv LLC raised its holdings in shares of Lincoln National by 4.0% in the 4th quarter. Insight Inv LLC now owns 41,110 shares of the financial services provider's stock valued at $1,304,000 after purchasing an additional 1,575 shares in the last quarter. 72.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Evercore ISI raised their price objective on shares of Lincoln National from $41.00 to $44.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. Wells Fargo & Company dropped their target price 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 lowered shares of Lincoln National from a "hold" rating to a "sell" rating in a research note on Monday, May 12th. Barclays lifted their price target on shares of Lincoln National from $38.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Finally, Piper Sandler cut their price target on shares of 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 equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $36.82.

Lincoln National Stock Performance

Lincoln National stock traded down $0.53 during midday trading on Friday, hitting $32.75. 304,610 shares of the company's stock were exchanged, compared to its average volume of 1,633,597. Lincoln National Co. has a 12-month low of $27.58 and a 12-month high of $39.85. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.27 and a current ratio of 0.27. The stock has a market cap of $5.59 billion, a price-to-earnings ratio of 1.78, a price-to-earnings-growth ratio of 0.30 and a beta of 1.42. The firm's 50 day simple moving average is $32.75 and its 200 day simple moving average is $34.00.

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. Lincoln National had a net margin of 17.76% and a return on equity of 18.47%. The company had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same period last year, the firm posted $0.41 EPS. Lincoln National's revenue for the quarter was up 14.0% on a year-over-year basis. Equities research analysts predict that Lincoln National Co. will post 7.69 EPS for the current year.

Lincoln National Announces Dividend

The company 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 5.50%. The ex-dividend date of this dividend is Thursday, July 10th. Lincoln National's payout ratio is 25.57%.

Insider Activity

In other news, EVP Sean Woodroffe sold 43,622 shares of Lincoln National stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $32.78, for a total value of $1,429,929.16. Following the sale, the executive vice president now owns 154,102 shares of the company's stock, valued at $5,051,463.56. The trade was a 22.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.51% of the company's stock.

About Lincoln National

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.