Relative Value Partners Group LLC grew its position in shares of Lincoln National Co. (NYSE:LNC – Free Report) by 44.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,908 shares of the financial services provider’s stock after purchasing an additional 5,498 shares during the quarter. Relative Value Partners Group LLC’s holdings in Lincoln National were worth $402,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also made changes to their positions in LNC. Achmea Investment Management B.V. acquired a new position in Lincoln National during the first quarter worth approximately $30,000. EverSource Wealth Advisors LLC grew its position in shares of Lincoln National by 51.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 895 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 304 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of Lincoln National by 368.9% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,102 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 867 shares during the period. Sentry Investment Management LLC purchased a new stake in Lincoln National in the 1st quarter valued at $25,000. Finally, Barrett & Company Inc. acquired a new stake in Lincoln National during the 1st quarter worth $27,000. 71.89% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms recently issued reports on LNC. Raymond James assumed coverage on Lincoln National in a report on Wednesday, July 26th. They set a “market perform” rating on the stock. StockNews.com started coverage on shares of Lincoln National in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Piper Sandler raised their price objective on shares of Lincoln National from $21.00 to $27.00 in a research report on Friday, July 7th. 22nd Century Group reissued a “maintains” rating on shares of Lincoln National in a research note on Monday, May 15th. Finally, Barclays upped their price objective on Lincoln National from $17.00 to $18.00 and gave the stock an “underweight” rating in a report on Monday, August 7th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $30.54.
Lincoln National Stock Up 3.7 %
Shares of NYSE:LNC opened at $25.67 on Friday. The company has a market capitalization of $4.35 billion, a P/E ratio of -1.46 and a beta of 1.83. The stock’s fifty day simple moving average is $26.48 and its 200-day simple moving average is $24.27. Lincoln National Co. has a 52-week low of $18.50 and a 52-week high of $54.59. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 1.23.
Lincoln National (NYSE:LNC – Get Free Report) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.10. The company had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.65 billion. Lincoln National had a negative net margin of 18.67% and a negative return on equity of 22.54%. During the same period last year, the company earned $2.23 EPS. As a group, equities research analysts forecast that Lincoln National Co. will post 7.15 earnings per share for the current fiscal year.
Lincoln National Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, October 9th. This represents a $1.80 annualized dividend and a yield of 7.01%. Lincoln National’s payout ratio is currently -10.23%.
About Lincoln National
Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The company's Life Insurance segment provides life insurance products, including term insurance, such as single and survivorship versions of universal life insurance; variable universal life insurance; indexed universal life insurance products; and critical illness and long-term care riders.
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