Nisa Investment Advisors LLC Has $1.41 Million Holdings in Lincoln National Co. (NYSE:LNC)

Nisa Investment Advisors LLC lessened its stake in Lincoln National Co. (NYSE:LNC) by 29.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,373 shares of the financial services provider’s stock after selling 22,111 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Lincoln National were worth $1,412,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Advisors Preferred LLC bought a new stake in Lincoln National in the 4th quarter valued at $3,830,000. Jump Financial LLC raised its stake in Lincoln National by 73.7% in the 3rd quarter. Jump Financial LLC now owns 306,565 shares of the financial services provider’s stock valued at $7,569,000 after acquiring an additional 130,047 shares during the period. Kingsview Wealth Management LLC raised its stake in Lincoln National by 862.6% in the 3rd quarter. Kingsview Wealth Management LLC now owns 116,724 shares of the financial services provider’s stock valued at $2,882,000 after acquiring an additional 104,598 shares during the period. Hsbc Holdings PLC raised its stake in Lincoln National by 2,107.9% in the 3rd quarter. Hsbc Holdings PLC now owns 4,279,462 shares of the financial services provider’s stock valued at $105,703,000 after acquiring an additional 4,085,637 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its stake in Lincoln National by 53.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 3,157,195 shares of the financial services provider’s stock valued at $77,951,000 after acquiring an additional 1,098,532 shares during the period. Institutional investors and hedge funds own 72.81% of the company’s stock.

Insider Activity

In other news, Director Owen Ryan purchased 10,000 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were purchased at an average cost of $25.90 per share, with a total value of $259,000.00. Following the completion of the purchase, the director now owns 10,000 shares of the company’s stock, valued at approximately $259,000. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.55% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. TheStreet cut Lincoln National from a “c” rating to a “d+” rating in a research note on Thursday, February 8th. UBS Group increased their price objective on Lincoln National from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 10th. Keefe, Bruyette & Woods increased their price objective on Lincoln National from $30.00 to $32.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 10th. Evercore ISI increased their price objective on Lincoln National from $33.00 to $35.00 and gave the stock an “in-line” rating in a research report on Thursday. Finally, The Goldman Sachs Group increased their price objective on Lincoln National from $29.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, January 9th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $28.45.

Lincoln National Stock Performance

NYSE:LNC opened at $28.28 on Monday. The stock’s 50-day simple moving average is $28.24 and its 200 day simple moving average is $26.17. The firm has a market capitalization of $4.80 billion, a PE ratio of -5.67, a price-to-earnings-growth ratio of 0.18 and a beta of 1.81. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.96. Lincoln National Co. has a twelve month low of $18.50 and a twelve month high of $32.43.

Lincoln National (NYSE:LNC) last released its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.13. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $4.44 billion. Lincoln National had a positive return on equity of 20.81% and a negative net margin of 6.46%. On average, analysts anticipate that Lincoln National Co. will post 6.51 EPS for the current fiscal year.

Lincoln National Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.36%. The ex-dividend date of this dividend is Tuesday, April 9th. Lincoln National’s payout ratio is -36.07%.

Lincoln National Company 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.