Advisory Services Network LLC lifted its stake in shares of Lincoln National Co. (NYSE:LNC) by 263.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,567 shares of the financial services provider’s stock after acquiring an additional 3,310 shares during the quarter. Advisory Services Network LLC’s holdings in Lincoln National were worth $235,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC lifted its stake in shares of Lincoln National by 169.6% during the fourth quarter. Proficio Capital Partners LLC now owns 585 shares of the financial services provider’s stock worth $30,000 after buying an additional 368 shares during the period. Flagship Harbor Advisors LLC raised its position in Lincoln National by 718.5% during the 4th quarter. Flagship Harbor Advisors LLC now owns 753 shares of the financial services provider’s stock worth $38,000 after buying an additional 661 shares during the last quarter. Lindbrook Capital LLC purchased a new position in shares of Lincoln National in the 4th quarter valued at about $44,000. Arlington Partners LLC purchased a new position in shares of Lincoln National in the 4th quarter valued at about $47,000. Finally, JOYN Advisors Inc. increased its holdings in shares of Lincoln National by 24.6% in the 4th quarter. JOYN Advisors Inc. now owns 937 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 185 shares in the last quarter. Hedge funds and other institutional investors own 84.31% of the company’s stock.
A number of equities analysts have recently issued reports on LNC shares. Zacks Investment Research downgraded shares of Lincoln National from a “hold” rating to a “sell” rating in a report on Wednesday, January 23rd. Wells Fargo & Co started coverage on shares of Lincoln National in a report on Tuesday, January 8th. They issued a “market perform” rating and a $63.00 price target for the company. ValuEngine upgraded shares of Lincoln National from a “strong sell” rating to a “sell” rating in a report on Wednesday, February 27th. Finally, UBS Group increased their price target on shares of Lincoln National from $62.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $73.08.
NYSE:LNC traded up $0.91 during mid-day trading on Friday, hitting $66.04. 963,909 shares of the company’s stock traded hands, compared to its average volume of 1,760,927. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.41. Lincoln National Co. has a 1 year low of $48.07 and a 1 year high of $72.42. The company has a market capitalization of $13.32 billion, a P/E ratio of 7.79, a price-to-earnings-growth ratio of 0.80 and a beta of 1.91.
Lincoln National (NYSE:LNC) last posted its earnings results on Wednesday, February 6th. The financial services provider reported $2.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.13 by $0.02. Lincoln National had a net margin of 9.92% and a return on equity of 12.41%. The firm had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same period last year, the firm posted $1.98 EPS. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. On average, equities research analysts predict that Lincoln National Co. will post 9.23 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be given a $0.37 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.48 annualized dividend and a dividend yield of 2.24%. Lincoln National’s dividend payout ratio is presently 17.45%.
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About Lincoln National
Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The Annuities segment offers variable, fixed, and indexed variable annuities.
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