Proficio Capital Partners LLC Makes New $1.05 Million Investment in Lincoln National Co. (NYSE:LNC)

Proficio Capital Partners LLC bought a new stake in shares of Lincoln National Co. (NYSE:LNC) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 33,118 shares of the financial services provider’s stock, valued at approximately $1,050,000.

Other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC boosted its position in shares of Lincoln National by 95.3% during the 3rd quarter. Larson Financial Group LLC now owns 1,086 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 530 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Lincoln National during the 4th quarter valued at about $36,000. Crews Bank & Trust acquired a new stake in shares of Lincoln National during the 4th quarter valued at about $51,000. Versant Capital Management Inc lifted its holdings in Lincoln National by 20.2% during the 4th quarter. Versant Capital Management Inc now owns 2,104 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 354 shares during the last quarter. Finally, Westend Capital Management LLC lifted its holdings in Lincoln National by 121.7% during the 4th quarter. Westend Capital Management LLC now owns 2,323 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 1,275 shares during the last quarter. 72.81% of the stock is currently owned by institutional investors and hedge funds.

Lincoln National Trading Down 1.5 %

Shares of NYSE LNC opened at $36.13 on Friday. Lincoln National Co. has a 1-year low of $25.80 and a 1-year high of $39.85. The company has a market cap of $6.16 billion, a PE ratio of 1.97, a P/E/G ratio of 0.30 and a beta of 1.76. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.80. The company has a 50-day moving average of $35.81 and a two-hundred day moving average of $33.72.

Lincoln National (NYSE:LNC) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.91 EPS for the quarter, topping the consensus estimate of $1.87 by $0.04. Lincoln National had a net margin of 17.76% and a return on equity of 18.47%. As a group, equities analysts expect that Lincoln National Co. will post 7.69 earnings per share for the current fiscal year.

Lincoln National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 4.98%. The ex-dividend date is Thursday, April 10th. Lincoln National’s dividend payout ratio is 9.79%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LNC. Keefe, Bruyette & Woods lifted their price target on shares of Lincoln National from $37.00 to $40.00 and gave the company a “market perform” rating in a report on Wednesday, February 12th. Wells Fargo & Company lifted their price target on shares of Lincoln National from $28.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. Barclays lifted their price target on shares of Lincoln National from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Morgan Stanley lifted their price target on shares of Lincoln National from $39.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Finally, TD Cowen lifted their price target on shares of Lincoln National from $34.00 to $37.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $37.40.

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.