7,837 Shares in Lincoln National Co. (NYSE:LNC) Acquired by Sapient Capital LLC

Sapient Capital LLC purchased a new position in shares of Lincoln National Co. (NYSE:LNC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,837 shares of the financial services provider’s stock, valued at approximately $211,000.

Other hedge funds have also recently added to or reduced their stakes in the company. First Merchants Corp purchased a new position in Lincoln National during the 4th quarter worth approximately $269,000. Advisors Preferred LLC purchased a new position in shares of Lincoln National in the 4th quarter valued at approximately $3,830,000. Jump Financial LLC grew its stake in shares of 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 purchasing an additional 130,047 shares during the last quarter. Kingsview Wealth Management LLC grew its stake in shares of 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 purchasing an additional 104,598 shares during the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of 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 purchasing an additional 4,085,637 shares during the last quarter. Hedge funds and other institutional investors own 72.81% of the company’s stock.

Insider Transactions at Lincoln National

In related news, Director Owen Ryan purchased 10,000 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was bought at an average cost of $25.90 per share, with a total value of $259,000.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $259,000. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on LNC shares. The Goldman Sachs Group lifted their target price on Lincoln National from $29.00 to $36.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. Wells Fargo & Company lifted their target price on Lincoln National from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Thursday, April 11th. Piper Sandler raised their price target on Lincoln National from $28.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Evercore ISI raised their price target on Lincoln National from $33.00 to $35.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. Finally, Keefe, Bruyette & Woods raised their price target on Lincoln National from $30.00 to $32.00 and gave the company a “market perform” rating in a report on Wednesday, April 10th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $28.45.

Lincoln National Stock Down 1.4 %

Shares of LNC stock opened at $27.88 on Tuesday. The stock has a fifty day moving average price of $28.26 and a 200 day moving average price of $26.20. Lincoln National Co. has a 1 year low of $18.50 and a 1 year high of $32.43. 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 (NYSE:LNC) last issued its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.13. The firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations 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, equities research analysts forecast that Lincoln National Co. will post 6.51 earnings per share for the current fiscal year.

Lincoln National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be issued a $0.45 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.46%. Lincoln National’s dividend payout ratio (DPR) is -36.07%.

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.