9,033 Shares in Lincoln National Co. (NYSE:LNC) Bought 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 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 9,033 shares of the financial services provider's stock, valued at approximately $286,000.

Other hedge funds have also bought and sold shares of the company. M Holdings Securities Inc. purchased a new stake in Lincoln National in the fourth quarter valued at approximately $29,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Lincoln National in the fourth quarter worth $32,000. Headlands Technologies LLC purchased a new position in shares of Lincoln National during the fourth quarter worth $35,000. SBI Securities Co. Ltd. acquired a new stake in Lincoln National during the 4th quarter worth about $36,000. Finally, Aster Capital Management DIFC Ltd lifted its holdings in shares of Lincoln National by 182.2% in the 4th 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. Institutional investors and hedge funds own 72.81% of the company's stock.

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 dated 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 completion of the sale, the executive vice president now directly owns 154,102 shares in the company, valued at $5,051,463.56. This trade represents 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 available at the SEC website. Company insiders own 0.51% of the company's stock.

Lincoln National Price Performance

Shares of Lincoln National stock traded up $0.38 on Thursday, hitting $33.27. 1,497,030 shares of the company were exchanged, compared to its average volume of 1,637,807. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.80. The company has a 50-day moving average price of $32.83 and a 200 day moving average price of $34.02. The stock has a market capitalization of $5.68 billion, a price-to-earnings ratio of 1.81, a price-to-earnings-growth ratio of 0.30 and a beta of 1.42. Lincoln National Co. has a 1-year low of $27.58 and a 1-year high of $39.85.

Lincoln National (NYSE:LNC - Get Free Report) last issued its earnings results 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 company had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.71 billion. Lincoln National had a net margin of 17.76% and a return on equity of 18.47%. Lincoln National's quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 earnings per share. As a group, sell-side analysts predict that Lincoln National Co. will post 7.69 earnings per share for the current fiscal year.

Lincoln National Dividend Announcement

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 dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $1.80 annualized dividend and a yield of 5.41%. Lincoln National's dividend payout ratio (DPR) is 25.57%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Barclays lifted their price objective on shares of Lincoln National from $38.00 to $40.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. UBS Group upped their price target on Lincoln National from $32.00 to $38.00 and gave the stock a "neutral" rating in a report on Wednesday, April 2nd. Wall Street Zen lowered Lincoln National from a "hold" rating to a "sell" rating in a report on Monday, May 12th. Piper Sandler reduced their target price on Lincoln National from $38.00 to $36.00 and set a "neutral" rating for the company in a research note on Friday, May 9th. Finally, Wells Fargo & Company cut their price target on shares of Lincoln National from $36.00 to $31.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $36.82.

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.