Occudo Quantitative Strategies LP Takes $329,000 Position in Lincoln National Co. (NYSE:LNC)

Occudo Quantitative Strategies LP bought a new stake in Lincoln National Co. (NYSE:LNC - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,363 shares of the financial services provider's stock, valued at approximately $329,000.

Other institutional investors have also recently added to or reduced their stakes in the company. M Holdings Securities Inc. purchased a new stake in shares of Lincoln National in the fourth quarter worth about $29,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Lincoln National in the fourth quarter worth about $32,000. Headlands Technologies LLC purchased a new stake in shares of Lincoln National in the fourth quarter worth about $35,000. SBI Securities Co. Ltd. purchased a new stake in shares of Lincoln National in the fourth quarter worth about $36,000. Finally, Aster Capital Management DIFC Ltd boosted its holdings in Lincoln National by 182.2% in 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 purchasing an additional 807 shares during the last quarter. 72.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Piper Sandler reduced their price target on Lincoln National from $38.00 to $36.00 and set a "neutral" rating for the company in a report on Friday, May 9th. Wells Fargo & Company reduced their price target on Lincoln National from $36.00 to $31.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. StockNews.com downgraded Lincoln National from a "hold" rating to a "sell" rating in a report on Monday, May 12th. UBS Group increased their target price on 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 Lincoln National from $40.00 to $38.00 and set a "market perform" rating on the stock in a report on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $36.82.

Lincoln National Stock Performance

Shares of Lincoln National stock traded down $0.16 during trading on Monday, reaching $34.26. The company's stock had a trading volume of 1,453,196 shares, compared to its average volume of 1,646,068. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.27 and a current ratio of 0.27. The business's fifty day moving average price is $33.31 and its 200-day moving average price is $34.09. The firm has a market cap of $5.85 billion, a price-to-earnings ratio of 1.86, a price-to-earnings-growth ratio of 0.30 and a beta of 1.42. Lincoln National Co. has a one year low of $27.58 and a one year high of $39.85.

Lincoln National (NYSE:LNC - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $4.71 billion. Lincoln National had a return on equity of 18.47% and a net margin of 17.76%. The company's quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the company earned $0.41 EPS. As a group, equities research analysts predict that Lincoln National Co. will post 7.69 earnings per share for the current year.

Lincoln National Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.80 dividend on an annualized basis and a yield of 5.25%. Lincoln National's dividend payout ratio is 25.57%.

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.