Lincoln National Co. (NYSE:LNC) Shares Bought by Gotham Asset Management LLC

Gotham Asset Management LLC raised its stake in Lincoln National Co. (NYSE:LNC) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,720 shares of the financial services provider’s stock after acquiring an additional 524 shares during the quarter. Gotham Asset Management LLC’s holdings in Lincoln National were worth $372,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. M Holdings Securities Inc. acquired a new position in Lincoln National in the fourth quarter valued at approximately $29,000. Kapitalo Investimentos Ltda acquired a new position in Lincoln National in the fourth quarter valued at approximately $32,000. Headlands Technologies LLC acquired a new position in Lincoln National in the fourth quarter valued at approximately $35,000. SBI Securities Co. Ltd. acquired a new position in Lincoln National in the fourth quarter valued at approximately $36,000. Finally, Aster Capital Management DIFC Ltd lifted its holdings in Lincoln National by 182.2% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,250 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 807 shares during the period. 72.81% of the stock is owned by institutional investors and hedge funds.

Lincoln National Stock Down 1.0%

Shares of LNC opened at $33.94 on Wednesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.27 and a current ratio of 0.27. Lincoln National Co. has a one year low of $27.58 and a one year high of $39.85. The stock has a market capitalization of $5.79 billion, a price-to-earnings ratio of 1.85, a PEG ratio of 0.30 and a beta of 1.42. The stock has a 50 day moving average price of $33.30 and a 200 day moving average price of $34.09.

Lincoln National (NYSE:LNC) last issued its quarterly earnings results on Thursday, May 8th. The financial services provider reported $1.60 EPS for the quarter, topping the consensus estimate of $1.54 by $0.06. Lincoln National had a return on equity of 18.47% and a net margin of 17.76%. The firm had revenue of $4.69 billion during the quarter, compared to analysts’ expectations of $4.71 billion. During the same period in the previous year, the business earned $0.41 earnings per share. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. Equities research analysts forecast that Lincoln National Co. will post 7.69 earnings per share for the current fiscal year.

Lincoln National Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 5.30%. The ex-dividend date was Thursday, April 10th. Lincoln National’s payout ratio is currently 25.57%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LNC. Morgan Stanley boosted their price target on Lincoln National from $32.00 to $38.00 and gave the company an “equal weight” rating in a report on Monday. UBS Group boosted their price objective on Lincoln National from $32.00 to $38.00 and gave the company a “neutral” rating in a research report on Wednesday, April 2nd. StockNews.com cut Lincoln National from a “hold” rating to a “sell” rating in a research report on Monday, May 12th. Wells Fargo & Company cut their price objective on Lincoln National from $36.00 to $31.00 and set an “equal weight” rating for the company in a research report on Thursday, April 10th. Finally, Piper Sandler cut their price objective on Lincoln National from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, May 9th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $36.82.

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.