115,000 Shares in Lincoln National Co. (NYSE:LNC) Bought by Capital Advisors Inc. OK

Capital Advisors Inc. OK acquired a new position in Lincoln National Co. (NYSE:LNC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 115,000 shares of the financial services provider's stock, valued at approximately $3,102,000. Capital Advisors Inc. OK owned approximately 0.07% of Lincoln National as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of LNC. Hsbc Holdings PLC raised its stake in shares of Lincoln National by 2,107.9% in the 3rd quarter. Hsbc Holdings PLC now owns 4,279,462 shares of the financial services provider's stock worth $105,703,000 after buying an additional 4,085,637 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Lincoln National by 249.3% in the 4th quarter. Millennium Management LLC now owns 4,420,920 shares of the financial services provider's stock worth $135,811,000 after acquiring an additional 3,155,232 shares during the last quarter. Norges Bank acquired a new position in shares of Lincoln National in the 4th quarter worth $62,691,000. State Street Corp grew its holdings in shares of Lincoln National by 20.8% in the 3rd quarter. State Street Corp now owns 9,443,719 shares of the financial services provider's stock worth $414,674,000 after acquiring an additional 1,628,081 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of 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 worth $77,951,000 after acquiring an additional 1,098,532 shares during the last quarter. Institutional investors own 72.81% of the company's stock.

Insiders Place Their Bets

In related news, Director Owen Ryan purchased 10,000 shares of Lincoln National stock in a transaction on Friday, February 9th. The stock was bought at an average price of $25.90 per share, with a total value of $259,000.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company's stock, valued at $259,000. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LNC. Evercore ISI lifted their target price on Lincoln National from $33.00 to $35.00 and gave the stock an "in-line" rating in a report on Thursday. UBS Group lifted their target price on Lincoln National from $25.00 to $28.00 and gave the stock a "neutral" rating in a report on Wednesday, January 10th. StockNews.com cut Lincoln National from a "hold" rating to a "sell" rating in a report on Saturday, April 6th. Keefe, Bruyette & Woods lifted their target price on Lincoln National from $30.00 to $32.00 and gave the stock a "market perform" rating in a report on Wednesday. Finally, TheStreet downgraded Lincoln National from a "c" rating to a "d+" rating in a report on Thursday, February 8th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $28.45.

Lincoln National Stock Down 2.5 %

LNC traded down $0.73 during trading on Friday, reaching $28.28. 1,705,367 shares of the stock traded hands, compared to its average volume of 1,980,967. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of -5.67, a price-to-earnings-growth ratio of 0.18 and a beta of 1.81. Lincoln National Co. has a fifty-two week low of $18.50 and a fifty-two week high of $32.43. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.26 and a quick ratio of 0.26. The stock's 50-day simple moving average is $28.24 and its two-hundred day simple moving average is $26.17.

Lincoln National (NYSE:LNC - Get Free Report) last released its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.32 by $0.13. The firm 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%. As a group, equities research analysts expect that Lincoln National Co. will post 6.51 EPS for the current year.

Lincoln National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders 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 dividend on an annualized basis and a dividend yield of 6.36%. Lincoln National's dividend payout ratio is currently -36.07%.

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.