Lincoln National Co. (NYSE:LNC) Shares Bought by American Century Companies Inc.

American Century Companies Inc. boosted its stake in shares of Lincoln National Co. (NYSE:LNC) by 9.1% in the 2nd quarter, Holdings Channel reports. The fund owned 45,844 shares of the financial services provider’s stock after buying an additional 3,821 shares during the period. American Century Companies Inc.’s holdings in Lincoln National were worth $1,426,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of LNC. GSA Capital Partners LLP increased its holdings in Lincoln National by 1,032.2% in the fourth quarter. GSA Capital Partners LLP now owns 105,777 shares of the financial services provider’s stock valued at $2,853,000 after buying an additional 96,434 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in Lincoln National by 33.0% in the 1st quarter. First Eagle Investment Management LLC now owns 387,800 shares of the financial services provider’s stock worth $12,382,000 after purchasing an additional 96,200 shares during the period. Vanguard Group Inc. boosted its position in Lincoln National by 0.8% during the first quarter. Vanguard Group Inc. now owns 21,854,837 shares of the financial services provider’s stock worth $697,825,000 after purchasing an additional 166,167 shares in the last quarter. Ellis Investment Partners LLC acquired a new stake in Lincoln National in the second quarter valued at approximately $1,095,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Lincoln National in the first quarter valued at approximately $505,000. 72.81% of the stock is owned by institutional investors and hedge funds.

Lincoln National Price Performance

NYSE:LNC opened at $31.42 on Monday. The company has a market capitalization of $5.34 billion, a P/E ratio of 4.30, a P/E/G ratio of 0.31 and a beta of 1.81. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.82. Lincoln National Co. has a 52 week low of $20.85 and a 52 week high of $36.46. The stock’s fifty day moving average is $31.02 and its two-hundred day moving average is $30.63.

Lincoln National (NYSE:LNC) last posted its earnings results on Thursday, August 1st. The financial services provider reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.07. Lincoln National had a net margin of 12.24% and a return on equity of 17.13%. The company had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $4.65 billion. During the same quarter in the prior year, the company posted $2.02 earnings per share. Equities analysts expect that Lincoln National Co. will post 5.71 EPS for the current year.

Lincoln National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be issued a $0.45 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.80 annualized dividend and a yield of 5.73%. Lincoln National’s dividend payout ratio (DPR) is presently 24.62%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on LNC shares. Piper Sandler increased their target price on Lincoln National from $30.00 to $34.00 and gave the company a “neutral” rating in a research report on Friday, June 28th. Barclays began coverage on Lincoln National in a report on Wednesday, September 4th. They set an “equal weight” rating and a $35.00 target price for the company. JPMorgan Chase & Co. lifted their price target on Lincoln National from $28.00 to $34.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 2nd. Morgan Stanley reduced their price objective on Lincoln National from $30.00 to $29.00 and set an “equal weight” rating for the company in a research note on Monday, August 19th. Finally, Jefferies Financial Group lifted their target price on shares of Lincoln National from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, June 28th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $32.64.

Lincoln National 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.