BluePath Capital Management LLC Grows Stock Holdings in Lincoln National Co. (NYSE:LNC)

BluePath Capital Management LLC grew its holdings in Lincoln National Co. (NYSE:LNC) by 20.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,238 shares of the financial services provider’s stock after buying an additional 4,205 shares during the period. BluePath Capital Management LLC’s holdings in Lincoln National were worth $776,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. State Street Corp grew its position in Lincoln National by 1.3% in the third quarter. State Street Corp now owns 6,227,993 shares of the financial services provider’s stock worth $196,244,000 after acquiring an additional 79,955 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Lincoln National by 4.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,763,703 shares of the financial services provider’s stock worth $150,104,000 after buying an additional 193,025 shares during the last quarter. Geode Capital Management LLC increased its position in Lincoln National by 4.7% during the third quarter. Geode Capital Management LLC now owns 3,373,487 shares of the financial services provider’s stock valued at $106,322,000 after acquiring an additional 152,622 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Lincoln National by 7.2% in the 3rd quarter. Principal Financial Group Inc. now owns 3,309,453 shares of the financial services provider’s stock worth $104,281,000 after acquiring an additional 223,129 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Lincoln National by 14.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,828,513 shares of the financial services provider’s stock worth $87,970,000 after purchasing an additional 348,601 shares during the period. 72.81% of the stock is currently owned by institutional investors.

Insider Transactions at Lincoln National

In other news, EVP John Christopher Kennedy sold 2,863 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $36.00, for a total value of $103,068.00. Following the sale, the executive vice president now directly owns 99,644 shares in the company, valued at approximately $3,587,184. This trade represents a 2.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Lincoln National Stock Up 3.6 %

NYSE:LNC opened at $32.63 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market cap of $5.56 billion, a PE ratio of 23.31, a price-to-earnings-growth ratio of 0.23 and a beta of 1.78. The company has a 50-day moving average of $33.39 and a 200 day moving average of $32.21. Lincoln National Co. has a 1-year low of $25.09 and a 1-year high of $36.98.

Lincoln National (NYSE:LNC) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $2.06 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.42. The firm had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.61 billion. Lincoln National had a net margin of 2.51% and a return on equity of 18.15%. The company’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.23 EPS. As a group, research analysts anticipate that Lincoln National Co. will post 6.98 EPS for the current fiscal year.

Lincoln National Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.52%. Lincoln National’s dividend payout ratio is presently 128.57%.

Analyst Ratings Changes

A number of research firms have recently commented on LNC. Barclays cut their target price on Lincoln National from $38.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. TD Cowen increased their target price on Lincoln National from $34.00 to $37.00 and gave the stock a “hold” rating in a research note on Wednesday, November 27th. StockNews.com raised shares of Lincoln National from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Piper Sandler cut their price target on shares of Lincoln National from $37.00 to $34.00 and set a “neutral” rating on the stock in a report on Wednesday, October 2nd. Finally, Wells Fargo & Company decreased their price objective on shares of Lincoln National from $29.00 to $28.00 and set an “equal weight” rating for the company in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $33.40.

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.