International Assets Investment Management LLC Acquires 692,637 Shares of Lincoln National Co. (NYSE:LNC)

International Assets Investment Management LLC boosted its holdings in Lincoln National Co. (NYSE:LNC - Free Report) by 2,549.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 719,801 shares of the financial services provider's stock after acquiring an additional 692,637 shares during the period. International Assets Investment Management LLC owned 0.42% of Lincoln National worth $19,413,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Jump Financial LLC boosted its position in shares of Lincoln National by 73.7% during the third quarter. Jump Financial LLC now owns 306,565 shares of the financial services provider's stock worth $7,569,000 after buying an additional 130,047 shares during the period. Kingsview Wealth Management LLC boosted its holdings in Lincoln National by 862.6% during the 3rd quarter. Kingsview Wealth Management LLC now owns 116,724 shares of the financial services provider's stock valued at $2,882,000 after acquiring an additional 104,598 shares during the period. Hsbc Holdings PLC boosted its holdings in Lincoln National by 2,107.9% during the 3rd quarter. Hsbc Holdings PLC now owns 4,279,462 shares of the financial services provider's stock valued at $105,703,000 after acquiring an additional 4,085,637 shares during the period. Jacobs Levy Equity Management Inc. grew its position in Lincoln National by 53.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 3,157,195 shares of the financial services provider's stock valued at $77,951,000 after acquiring an additional 1,098,532 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Lincoln National by 82.1% during the third quarter. Principal Financial Group Inc. now owns 1,758,754 shares of the financial services provider's stock worth $43,424,000 after purchasing an additional 792,900 shares during the period. Institutional investors and hedge funds own 72.81% of the company's stock.

Insider Buying and Selling

In other Lincoln National news, Director Owen Ryan acquired 10,000 shares of the company's stock in a transaction on Friday, February 9th. The shares were bought at an average cost of $25.90 per share, for a total transaction of $259,000.00. Following the completion of the purchase, the director now owns 10,000 shares in the company, valued at approximately $259,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.75% of the stock is owned by company insiders.

Analyst Ratings Changes

LNC has been the subject of a number of research reports. Jefferies Financial Group upgraded shares of Lincoln National from an "underperform" rating to a "hold" rating in a report on Monday, February 12th. The Goldman Sachs Group upped their price objective on Lincoln National from $29.00 to $36.00 and gave the stock a "buy" rating in a research report on Tuesday, January 9th. TheStreet lowered Lincoln National from a "c" rating to a "d+" rating in a report on Thursday, February 8th. Evercore ISI upped their price target on Lincoln National from $33.00 to $35.00 and gave the stock an "in-line" rating in a report on Thursday. Finally, Wells Fargo & Company lifted their price objective on Lincoln National from $26.00 to $28.00 and gave the company an "equal weight" rating in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Lincoln National has an average rating of "Hold" and a consensus target price of $28.45.

Lincoln National Stock Down 1.0 %

LNC stock traded down $0.30 during midday trading on Thursday, reaching $29.01. 1,741,991 shares of the company were exchanged, compared to its average volume of 1,935,828. The stock's 50-day simple moving average is $28.20 and its 200 day simple moving average is $26.12. Lincoln National Co. has a 1-year low of $18.50 and a 1-year high of $32.43. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.26 and a current ratio of 0.26. The company has a market cap of $4.92 billion, a price-to-earnings ratio of -5.81, a price-to-earnings-growth ratio of 0.20 and a beta of 1.81.

Lincoln National (NYSE:LNC - Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.32 by $0.13. The company had revenue of $1.97 billion during the quarter, compared to analysts' expectations of $4.44 billion. Lincoln National had a positive return on equity of 20.81% and a negative net margin of 6.46%. On average, equities analysts forecast that Lincoln National Co. will post 6.55 earnings per share for the current year.

Lincoln National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be given a $0.45 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.80 annualized dividend and a yield of 6.20%. Lincoln National's dividend payout ratio (DPR) is -36.07%.

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.