Quadrature Capital Ltd Makes New $1.90 Million Investment in Lincoln National Co. (NYSE:LNC)

Quadrature Capital Ltd acquired a new position in shares of Lincoln National Co. (NYSE:LNCFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 70,356 shares of the financial services provider’s stock, valued at approximately $1,897,000.

A number of other institutional investors also recently modified their holdings of the stock. Hsbc Holdings PLC raised its holdings in shares of Lincoln National by 2,107.9% during the third 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 period. Norges Bank bought a new stake in shares of Lincoln National during the fourth quarter valued at approximately $54,026,000. Jacobs Levy Equity Management Inc. raised its position in shares of Lincoln National by 53.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 3,157,195 shares of the financial services provider’s stock worth $77,951,000 after purchasing an additional 1,098,532 shares during the period. Assenagon Asset Management S.A. bought a new stake in Lincoln National during the 4th quarter valued at $19,350,000. Finally, International Assets Investment Management LLC raised its holdings in Lincoln National by 2,549.8% during the fourth 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. Institutional investors and hedge funds own 72.81% of the company’s stock.

Lincoln National Stock Performance

NYSE LNC opened at $32.43 on Monday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.26 and a current ratio of 0.26. The company has a market capitalization of $5.51 billion, a PE ratio of 4.44, a price-to-earnings-growth ratio of 0.25 and a beta of 1.85. Lincoln National Co. has a 52-week low of $20.85 and a 52-week high of $33.33. The company has a 50-day simple moving average of $29.96 and a 200 day simple moving average of $28.06.

Lincoln National (NYSE:LNCGet Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.27. Lincoln National had a net margin of 11.31% and a return on equity of 19.50%. The company had revenue of $4.58 billion for the quarter, compared to analysts’ expectations of $4.64 billion. On average, research analysts predict that Lincoln National Co. will post 6 EPS for the current year.

Lincoln National Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $1.80 annualized dividend and a dividend yield of 5.55%. Lincoln National’s payout ratio is 24.62%.

Insider Buying and Selling

In other Lincoln National news, EVP Sean Woodroffe sold 55,127 shares of the stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $32.57, for a total transaction of $1,795,486.39. Following the completion of the transaction, the executive vice president now owns 198,255 shares in the company, valued at $6,457,165.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LNC. Piper Sandler decreased their target price on shares of Lincoln National from $32.00 to $30.00 and set a “neutral” rating for the company in a research report on Monday, May 6th. 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 note on Thursday, April 11th. JPMorgan Chase & Co. upped their price target on Lincoln National from $26.00 to $29.00 and gave the stock an “underweight” rating in a report on Tuesday, April 2nd. Wells Fargo & Company dropped their price objective on Lincoln National from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Friday, May 10th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Lincoln National from $30.00 to $32.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $29.90.

Read Our Latest Analysis on Lincoln National

Lincoln National Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Lincoln National (NYSE:LNC)

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