Compass Financial Advisors LLC increased its stock of Lincoln National Co. (NYSE:LNC – Get Rating) by 57.2% in the fourth quarter, according to its latest Form 13F filed with the SEC. The fund owned 16,261 shares of the financial services provider after purchasing an additional 5,920 of his shares during the quarter. Compass Financial Advisors LLC’s holdings in Lincoln National were valued at $500,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently changed positions in the company. Advisors Capital Management LLC increased his Lincoln National stock holding by 8.6% in the third quarter. Advisors Capital Management LLC now owns 249,515 shares of the financial services provider worth $8,291,000 after purchasing an additional 19,834 of his shares during the previous quarter. Lincoln National Corp increased its stake in Lincoln National by 17.6% in the third quarter. Lincoln National Corp now owns 15,535 shares of the financial services provider worth $682,000 after acquiring an additional 2,327 of his shares during the previous quarter. Forsta AP Fonden acquired a new stake in Lincoln National for his $1,923,000 in the fourth quarter. Guyasta Investment Advisors Inc. acquired new shares of Lincoln National in the fourth quarter for $307,000. Finally, the Healthcare of Ontario Pension Plan Trust Fund increased its stake in Lincoln National by 209.4% in the third quarter. The Healthcare of Ontario Pension Plan Trust Fund now owns 51,460 shares of financial service provider stock valued at $2,260,000 after acquiring an additional 34,829 shares during the previous quarter. Institutional investors and hedge funds own 78.00% of the company’s shares.
Lincoln National shares up 0.9%
NYSE LNC shares opened Wednesday at $20.64. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt to equity ratio of 1.66. His 50-day moving average for this business is $24.96 and his 200-day moving average is $32.61. His one-year low for Lincoln National Co. is $19.74 and his one-year high is $65.24.
Lincoln National (NYSE:LNC – Get Rating) last reported earnings on Wednesday, February 8th. The financial services provider reported earnings of $0.97 per share for his quarter. Lincoln National had a net profit margin of 11.89% and a return on equity of 11.85%. The company posted revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.52 billion. Research analysts expect Lincoln National to post his 8.41 EPS for the year.
Lincoln National Announces Dividend
The company also recently announced a quarterly dividend payable on Monday, May 1st. Dividends of $0.45 will be issued to shareholders of record on Monday, April 10. This represents his $1.80 dividend and his 8.72% dividend yield on an annualized basis. The ex-dividend date for this dividend is April 6 (Thursday). The Lincoln National payout percentage is currently -13.60%.
Wall Street analyst opinion
Several equity research analysts have published reports on the LNC stock. JPMorgan Chase & Co lowered its price target on Lincoln National from $36.00 to $29.00 and set the company’s rating to “neutral” in its research notes on Tuesday, April 4. The Royal Bank of Canada lowered its price target for Lincoln National from $37.00 to his $31.00 in a research note on Wednesday, April 12, setting a “sector perform” rating for the company. Morgan Stanley lowered its price target for Lincoln National from $38.00 to $31.00 in its research notes on Wednesday, April 12, giving the company an “equal-weighted” rating. In a research note on Wednesday, April 5, Piper Sandler lowered Lincoln National’s price target to $23.00 from her $36.00 and set the company’s rating to “neutral.” Finally, Wells Fargo & Co. lowered Lincoln National’s price target from $35.00 to $24.00 and gave the company an “equal weight” rating in its Wednesday, April 5 research note. Two analysts gave a sell rating, 11 analysts assigned a hold rating, and one analyst issued a buy rating on the company’s stock. Based on MarketBeat data, the company’s current consensus rating is “Hold” with an average target price of $32.07.
About Lincoln National
Lincoln National Corp. is a holding company and operates several insurance and retirement businesses through its subsidiaries. We provide advice and solutions to help people manage their financial lives with confidence and optimism. It operates through the following segments: Annuities, Retirement Plan Services, Life Insurance, Group Protection, and Other Businesses.
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