Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Holdings in Lincoln National Co. (NYSE:LNC)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Lincoln National Co. (NYSE:LNC) by 15.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,194 shares of the financial services provider’s stock after purchasing an additional 5,064 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Lincoln National were worth $1,003,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. First Merchants Corp purchased a new stake in shares of Lincoln National during the fourth quarter worth $269,000. Advisors Preferred LLC purchased a new stake in shares of Lincoln National during the fourth quarter worth $3,830,000. Capital Advisors Inc. OK purchased a new stake in shares of Lincoln National during the fourth quarter worth $3,102,000. Louisiana State Employees Retirement System purchased a new stake in shares of Lincoln National during the fourth quarter worth $2,290,000. Finally, Jump Financial LLC lifted its position in shares of Lincoln National by 73.7% during the third quarter. Jump Financial LLC now owns 306,565 shares of the financial services provider’s stock worth $7,569,000 after acquiring an additional 130,047 shares in the last quarter. Hedge funds and other institutional investors own 72.81% of the company’s stock.

Insider Activity

In related news, Director Owen Ryan acquired 10,000 shares of Lincoln National 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 $259,000. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

LNC has been the topic of several recent research reports. Evercore ISI increased their target price on Lincoln National from $33.00 to $35.00 and gave the stock an “in-line” rating in a research report on Thursday, April 11th. UBS Group upped their price target on shares of Lincoln National from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, January 10th. TheStreet cut shares of Lincoln National from a “c” rating to a “d+” rating in a report on Thursday, February 8th. Wells Fargo & Company upped their price target on shares of Lincoln National from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Thursday, April 11th. Finally, Piper Sandler upped their price target on shares of Lincoln National from $28.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Two equities research 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. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $28.45.

Lincoln National Stock Down 0.5 %

LNC opened at $27.81 on Friday. The stock has a market cap of $4.73 billion, a PE ratio of -5.57, a P/E/G 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 52 week low of $18.50 and a 52 week high of $32.43. The business’s fifty day simple moving average is $28.42 and its 200 day simple moving average is $26.45.

Lincoln National (NYSE:LNC) last released its earnings results on Thursday, February 8th. The financial services provider reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.13. The business had revenue of $1.97 billion for 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%. As a group, research analysts expect that Lincoln National Co. will post 6.47 earnings per share for the current fiscal year.

Lincoln National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.80 dividend on an annualized basis and a yield of 6.47%. Lincoln National’s dividend payout ratio is presently -36.07%.

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.