Louisiana State Employees Retirement System Takes Position in Lincoln National Co. (NYSE:LNC)

Louisiana State Employees Retirement System purchased a new stake in Lincoln National Co. (NYSE:LNC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 84,900 shares of the financial services provider's stock, valued at approximately $2,290,000. Louisiana State Employees Retirement System owned approximately 0.05% of Lincoln National as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Financial Gravity Asset Management Inc. grew its position in Lincoln National by 3,930.8% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 1,048 shares of the financial services provider's stock worth $26,000 after acquiring an additional 1,022 shares during the last quarter. Achmea Investment Management B.V. bought a new stake in shares of Lincoln National during the first quarter worth $30,000. CVA Family Office LLC acquired a new stake in Lincoln National in the 4th quarter valued at about $37,000. Highlander Capital Management LLC raised its position in Lincoln National by 200.0% in the 4th quarter. Highlander Capital Management LLC now owns 1,500 shares of the financial services provider's stock worth $40,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its position in shares of Lincoln National by 115.2% during the third quarter. Parkside Financial Bank & Trust now owns 1,752 shares of the financial services provider's stock worth $43,000 after acquiring an additional 938 shares during the last quarter. Institutional investors and hedge funds own 72.81% of the company's stock.

Lincoln National Stock Down 1.6 %

LNC traded down $0.45 during trading on Wednesday, hitting $26.85. The company had a trading volume of 1,554,865 shares, compared to its average volume of 1,916,804. The company has a market capitalization of $4.57 billion, a PE ratio of -5.38, a PEG ratio of 0.18 and a beta of 1.81. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.96. Lincoln National Co. has a one year low of $18.50 and a one year high of $32.43. The firm's 50-day moving average price is $28.27 and its 200 day moving average price is $26.22.

Lincoln National (NYSE:LNC - Get Free Report) last issued its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.32 by $0.13. The company had revenue of $1.97 billion for the quarter, compared to analyst estimates 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 analysts expect that Lincoln National Co. will post 6.47 earnings per share for the current year.

Lincoln National Announces Dividend

The company 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 dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 6.70%. The ex-dividend date of this dividend is Tuesday, April 9th. Lincoln National's dividend payout ratio (DPR) is currently -36.07%.

Wall Street Analysts Forecast Growth

LNC has been the subject of several recent research reports. Piper Sandler upped their target price on shares of Lincoln National from $28.00 to $32.00 and gave the company a "neutral" rating in a research report on Friday, April 5th. StockNews.com upgraded Lincoln National from a "sell" rating to a "hold" rating in a report on Monday. JPMorgan Chase & Co. upped their price target on Lincoln National from $26.00 to $29.00 and gave the company an "underweight" rating in a research note on Tuesday, April 2nd. TheStreet lowered shares of Lincoln National from a "c" rating to a "d+" rating in a research note on Thursday, February 8th. Finally, Wells Fargo & Company increased their target price on shares of Lincoln National from $26.00 to $28.00 and gave the stock an "equal weight" rating in a report on Thursday, April 11th. Two research 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. According to data from MarketBeat, Lincoln National presently has an average rating of "Hold" and a consensus target price of $28.45.

Insider Transactions at Lincoln National

In other Lincoln National news, Director Owen Ryan acquired 10,000 shares of the business's stock in a transaction dated Friday, February 9th. The shares were acquired 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 in the company, valued at approximately $259,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.75% 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.