First Trust Advisors LP Has $39.91 Million Holdings in Lincoln National Co. (NYSE:LNC)

First Trust Advisors LP grew its holdings in shares of Lincoln National Co. (NYSE:LNC - Free Report) by 53.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,258,512 shares of the financial services provider's stock after acquiring an additional 436,462 shares during the quarter. First Trust Advisors LP owned about 0.74% of Lincoln National worth $39,907,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. M Holdings Securities Inc. acquired a new stake in Lincoln National in the fourth quarter worth about $29,000. Headlands Technologies LLC acquired a new stake in shares of Lincoln National in the 4th quarter worth approximately $35,000. SBI Securities Co. Ltd. bought a new position in shares of Lincoln National in the fourth quarter valued at approximately $36,000. Aster Capital Management DIFC Ltd increased its stake in shares of Lincoln National by 182.2% during 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 acquiring an additional 807 shares during the period. Finally, Hillsdale Investment Management Inc. raised its holdings in Lincoln National by 30.4% during the fourth quarter. Hillsdale Investment Management Inc. now owns 1,500 shares of the financial services provider's stock worth $48,000 after purchasing an additional 350 shares in the last quarter. Institutional investors own 72.81% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wells Fargo & Company lowered their price target on 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. Barclays boosted their price target on shares of Lincoln National from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. Morgan Stanley reduced their price objective on shares of Lincoln National from $42.00 to $32.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. UBS Group boosted their target price on shares of Lincoln National from $32.00 to $38.00 and gave the stock a "neutral" rating in a report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Lincoln National from $40.00 to $38.00 and set a "market perform" rating for the company in a report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $35.91.

Lincoln National Stock Down 2.4 %

Shares of LNC traded down $0.78 during mid-day trading on Wednesday, reaching $31.81. The company's stock had a trading volume of 2,001,812 shares, compared to its average volume of 1,625,261. The company has a market cap of $5.43 billion, a price-to-earnings ratio of 1.73, a price-to-earnings-growth ratio of 0.30 and a beta of 1.56. The business has a fifty day moving average of $34.01 and a 200 day moving average of $34.02. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.80. Lincoln National Co. has a 1 year low of $25.80 and a 1 year high of $39.85.

Lincoln National (NYSE:LNC - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.91 earnings per share for the quarter, topping analysts' consensus estimates of $1.87 by $0.04. Lincoln National had a net margin of 17.76% and a return on equity of 18.47%. As a group, analysts forecast that Lincoln National Co. will post 7.69 earnings per share for the current fiscal year.

Lincoln National Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.80 annualized dividend and a dividend yield of 5.66%. Lincoln National's payout ratio is 9.79%.

Lincoln National 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.