Creative Planning Boosts Stock Holdings in Lincoln National Co. (NYSE:LNC)

Creative Planning boosted its stake in shares of Lincoln National Co. (NYSE:LNC) by 7.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,922 shares of the financial services provider’s stock after purchasing an additional 1,451 shares during the period. Creative Planning’s holdings in Lincoln National were worth $691,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of LNC. Central Pacific Bank Trust Division purchased a new position in Lincoln National during the first quarter worth approximately $25,000. Whittier Trust Co. raised its stake in shares of Lincoln National by 106.7% in the 2nd quarter. Whittier Trust Co. now owns 835 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 431 shares during the period. Adirondack Trust Co. purchased a new position in shares of Lincoln National in the 2nd quarter valued at $31,000. Allspring Global Investments Holdings LLC raised its stake in shares of Lincoln National by 249.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,223 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 873 shares during the period. Finally, Pathway Financial Advisers LLC purchased a new position in shares of Lincoln National in the 1st quarter valued at $45,000. Hedge funds and other institutional investors own 72.81% of the company’s stock.

Analysts Set New Price Targets

LNC has been the topic of a number of research reports. Bank of America cut their target price on shares of Lincoln National from $32.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, July 11th. Wells Fargo & Company raised their price target on shares of Lincoln National from $28.00 to $29.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. StockNews.com lowered shares of Lincoln National from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Morgan Stanley lowered their price target on shares of Lincoln National from $30.00 to $29.00 and set an “equal weight” rating for the company in a report on Monday, August 19th. Finally, Barclays raised their price target on shares of Lincoln National from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $33.00.

Lincoln National Trading Down 3.5 %

NYSE LNC opened at $33.52 on Monday. Lincoln National Co. has a one year low of $20.85 and a one year high of $36.46. The company has a 50-day simple moving average of $31.68 and a 200-day simple moving average of $31.12. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a market capitalization of $5.71 billion, a PE ratio of 23.94, a price-to-earnings-growth ratio of 0.33 and a beta of 1.79.

Lincoln National (NYSE:LNC) last posted its quarterly earnings results on Thursday, October 31st. The financial services provider reported $2.06 EPS for the quarter, beating the consensus estimate of $1.64 by $0.42. Lincoln National had a net margin of 2.51% and a return on equity of 18.15%. The business had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.61 billion. During the same period in the previous year, the business posted $0.23 EPS. The company’s quarterly revenue was down 2.2% on a year-over-year basis. On average, equities analysts forecast that Lincoln National Co. will post 5.73 earnings per share for the current year.

Lincoln National Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Thursday, October 10th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.80 annualized dividend and a yield of 5.37%. Lincoln National’s dividend payout ratio is presently 128.57%.

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.