Lincoln National Co. (NYSE:LNC) Shares Acquired by Stephens Inc. AR

Stephens Inc. AR grew its stake in Lincoln National Co. (NYSE:LNC) by 5.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,702 shares of the financial services provider’s stock after buying an additional 800 shares during the period. Stephens Inc. AR’s holdings in Lincoln National were worth $463,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Central Pacific Bank Trust Division acquired a new position in shares of Lincoln National in the 1st quarter valued at $25,000. Whittier Trust Co. raised its position in Lincoln National by 106.7% in the 2nd quarter. Whittier Trust Co. now owns 835 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 431 shares during the last quarter. Adirondack Trust Co. purchased a new stake in Lincoln National in the 2nd quarter valued at $31,000. Blue Trust Inc. raised its position in Lincoln National by 535.5% in the 3rd quarter. Blue Trust Inc. now owns 1,074 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 905 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in Lincoln National by 249.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,223 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 873 shares during the last quarter. Institutional investors and hedge funds own 72.81% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on LNC shares. Barclays upped their price target on shares of Lincoln National from $35.00 to $36.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Bank of America reduced their price target on shares of Lincoln National from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. StockNews.com upgraded shares of Lincoln National from a “sell” rating to a “hold” rating in a research report on Thursday. Wells Fargo & Company upped their price objective on shares of Lincoln National from $28.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Finally, Piper Sandler cut their price objective 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, ten have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $33.00.

Lincoln National Stock Performance

NYSE:LNC opened at $36.85 on Thursday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.73. Lincoln National Co. has a fifty-two week low of $21.59 and a fifty-two week high of $36.98. The stock has a market cap of $6.28 billion, a PE ratio of 26.32, a price-to-earnings-growth ratio of 0.33 and a beta of 1.79. The firm’s fifty day simple moving average is $31.71 and its 200-day simple moving average is $31.23.

Lincoln National (NYSE:LNC) last posted its quarterly earnings results on Thursday, October 31st. The financial services provider reported $2.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.42. The business had revenue of $4.11 billion for 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 business’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 EPS. Analysts expect that Lincoln National Co. will post 5.88 earnings per share for the current fiscal year.

Lincoln National Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, October 10th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.80 annualized dividend and a dividend yield of 4.88%. Lincoln National’s dividend payout ratio is currently 128.57%.

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.