Insight Inv LLC Raises Stock Position in Lincoln National Co. (NYSE:LNC)

Insight Inv LLC raised its stake in shares of Lincoln National Co. (NYSE:LNC) by 4.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 41,110 shares of the financial services provider’s stock after buying an additional 1,575 shares during the quarter. Insight Inv LLC’s holdings in Lincoln National were worth $1,304,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Exchange Traded Concepts LLC purchased a new position in Lincoln National in the fourth quarter worth about $2,358,000. Cornerstone Wealth Management LLC boosted its holdings in shares of Lincoln National by 4.0% in the fourth quarter. Cornerstone Wealth Management LLC now owns 30,109 shares of the financial services provider’s stock worth $955,000 after buying an additional 1,159 shares during the last quarter. New Century Financial Group LLC grew its position in Lincoln National by 1.6% during the fourth quarter. New Century Financial Group LLC now owns 43,119 shares of the financial services provider’s stock valued at $1,396,000 after buying an additional 662 shares during the period. SG Americas Securities LLC purchased a new stake in Lincoln National during the fourth quarter valued at approximately $1,094,000. Finally, Daymark Wealth Partners LLC bought a new position in Lincoln National in the fourth quarter worth approximately $324,000. 72.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. TD Cowen raised their target price on Lincoln National from $34.00 to $37.00 and gave the stock a “hold” rating in a report on Wednesday, November 27th. Wells Fargo & Company decreased their price objective on Lincoln National from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. StockNews.com upgraded Lincoln National from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Barclays decreased their target price on shares of 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. Finally, Piper Sandler dropped their price target on shares of Lincoln National from $37.00 to $34.00 and set a “neutral” rating for the company in a research report on Wednesday, October 2nd. One 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 company. Based on data from MarketBeat, Lincoln National currently has an average rating of “Hold” and an average price target of $33.40.

Insider Activity

In related news, EVP John Christopher Kennedy sold 2,863 shares of the 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 completion of the transaction, the executive vice president now owns 99,644 shares of the company’s stock, valued at approximately $3,587,184. This trade represents a 2.79 % decrease in their position. The sale was disclosed in a legal 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 Performance

Shares of NYSE LNC opened at $33.28 on Friday. The company has a market cap of $5.67 billion, a P/E ratio of 23.77, a P/E/G ratio of 0.26 and a beta of 1.78. Lincoln National Co. has a 52-week low of $25.09 and a 52-week high of $36.98. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.27 and a current ratio of 0.27. The firm’s fifty day moving average is $33.00 and its two-hundred day moving average is $32.31.

Lincoln National (NYSE:LNC) last issued its earnings results on Thursday, October 31st. The financial services provider reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.42. Lincoln National had a return on equity of 18.15% and a net margin of 2.51%. The firm had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.61 billion. During the same period in the previous year, the firm posted $0.23 earnings per share. The business’s revenue was down 2.2% compared to the same quarter last year. As a group, analysts anticipate that Lincoln National Co. will post 6.97 EPS for the current fiscal year.

Lincoln National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, January 10th. This represents a $1.80 annualized dividend and a dividend yield of 5.41%. Lincoln National’s dividend payout ratio (DPR) is 128.57%.

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.