Price T Rowe Associates Inc. MD Has $3.20 Million Stock Holdings in Lincoln National Co. (NYSE:LNC)

Price T Rowe Associates Inc. MD grew its stake in shares of Lincoln National Co. (NYSE:LNC - Free Report) by 11.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 100,774 shares of the financial services provider's stock after acquiring an additional 10,327 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.06% of Lincoln National worth $3,196,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Principal Financial Group Inc. grew its position in Lincoln National by 7.2% in the third quarter. Principal Financial Group Inc. now owns 3,309,453 shares of the financial services provider's stock valued at $104,281,000 after acquiring an additional 223,129 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Lincoln National by 14.4% during the fourth quarter. JPMorgan Chase & Co. now owns 330,755 shares of the financial services provider's stock worth $10,488,000 after purchasing an additional 41,533 shares during the last quarter. National Bank of Canada FI lifted its stake in Lincoln National by 20,127.5% in the fourth quarter. National Bank of Canada FI now owns 316,965 shares of the financial services provider's stock valued at $10,051,000 after buying an additional 315,398 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Lincoln National by 19.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 64,658 shares of the financial services provider's stock valued at $2,050,000 after buying an additional 10,560 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in Lincoln National in the fourth quarter valued at $1,050,000. Institutional investors and hedge funds own 72.81% of the company's stock.

Lincoln National Stock Down 0.1%

Shares of NYSE:LNC traded down $0.03 during mid-day trading on Friday, reaching $33.34. 1,465,708 shares of the stock were exchanged, compared to its average volume of 1,631,370. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.80. The stock's 50 day simple moving average is $33.39 and its 200-day simple moving average is $34.03. The company has a market cap of $5.69 billion, a P/E ratio of 1.81, a P/E/G 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 posted its quarterly earnings results on Thursday, May 8th. The financial services provider reported $1.60 earnings per share for the quarter, beating analysts' consensus estimates of $1.54 by $0.06. The firm 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 business's revenue was up 14.0% compared to the same quarter last year. During the same period last year, the company earned $0.41 earnings per share. As a group, equities research analysts predict that Lincoln National Co. will post 7.69 EPS for the current year.

Lincoln National Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were paid a $0.45 dividend. The ex-dividend date was Thursday, April 10th. This represents a $1.80 dividend on an annualized basis and a yield of 5.40%. Lincoln National's dividend payout ratio is 9.79%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on LNC shares. Barclays lifted their price objective on shares of Lincoln National from $38.00 to $40.00 and gave the company an "equal weight" rating in a research note on Friday. UBS Group boosted 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. Piper Sandler dropped their price target on Lincoln National from $38.00 to $36.00 and set a "neutral" rating on the stock in a research report on Friday. Morgan Stanley dropped their price target on Lincoln National from $42.00 to $32.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. Finally, Evercore ISI boosted their price objective on Lincoln National from $41.00 to $44.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $36.27.

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.