Yousif Capital Management LLC Has $2.48 Million Stock Position in Lincoln National Co. (NYSE:LNC)

Yousif Capital Management LLC lifted its stake in shares of Lincoln National Co. (NYSE:LNC) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 91,833 shares of the financial services provider’s stock after purchasing an additional 535 shares during the quarter. Yousif Capital Management LLC’s holdings in Lincoln National were worth $2,477,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Hsbc Holdings PLC lifted its position in shares of Lincoln National by 2,107.9% during the 3rd quarter. Hsbc Holdings PLC now owns 4,279,462 shares of the financial services provider’s stock worth $105,703,000 after buying an additional 4,085,637 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of Lincoln National by 53.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 3,157,195 shares of the financial services provider’s stock worth $77,951,000 after buying an additional 1,098,532 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Lincoln National by 82.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,758,754 shares of the financial services provider’s stock worth $43,424,000 after buying an additional 792,900 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Lincoln National during the 4th quarter worth $19,350,000. Finally, International Assets Investment Management LLC lifted its position in shares of Lincoln National by 2,549.8% during the 4th quarter. International Assets Investment Management LLC now owns 719,801 shares of the financial services provider’s stock worth $19,413,000 after buying an additional 692,637 shares during the last quarter. 72.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Lincoln National news, Director Owen Ryan bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average price of $25.90 per share, with a total value of $259,000.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $259,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.54% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on LNC shares. JPMorgan Chase & Co. upped their price objective on Lincoln National from $26.00 to $29.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 2nd. Keefe, Bruyette & Woods increased their target price on Lincoln National from $30.00 to $32.00 and gave the company a “market perform” rating in a research report on Wednesday, April 10th. StockNews.com upgraded Lincoln National from a “sell” rating to a “hold” rating in a research report on Monday, April 15th. The Goldman Sachs Group increased their target price on Lincoln National from $29.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday, January 9th. Finally, TheStreet downgraded Lincoln National from a “c” rating to a “d+” rating in a research report on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $28.45.

Lincoln National Trading Up 0.7 %

Shares of LNC stock opened at $28.01 on Tuesday. The stock has a 50-day moving average of $28.43 and a 200-day moving average of $26.49. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.26 and a quick ratio of 0.26. Lincoln National Co. has a 1-year low of $18.50 and a 1-year high of $32.43.

Lincoln National (NYSE:LNC) last issued its quarterly earnings results 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 company 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%. As a group, analysts expect that Lincoln National Co. will post 6.47 earnings per share for the current year.

Lincoln National Dividend Announcement

The firm 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 dividend of $0.45 per share. The ex-dividend date is Tuesday, April 9th. This represents a $1.80 annualized dividend and a yield of 6.43%. Lincoln National’s dividend payout ratio is currently -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.