Hantz Financial Services Inc. Boosts Holdings in Lincoln National Corporation $LNC

Hantz Financial Services Inc. increased its holdings in Lincoln National Corporation (NYSE:LNC) by 3,927.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,490 shares of the financial services provider’s stock after purchasing an additional 1,453 shares during the quarter. Hantz Financial Services Inc.’s holdings in Lincoln National were worth $52,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Hollencrest Capital Management boosted its stake in Lincoln National by 383.2% during the first quarter. Hollencrest Capital Management now owns 749 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 594 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Lincoln National during the second quarter valued at approximately $29,000. Brooklyn Investment Group raised its holdings in shares of Lincoln National by 82.9% during the first quarter. Brooklyn Investment Group now owns 1,156 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 524 shares during the last quarter. Friedenthal Financial purchased a new position in shares of Lincoln National during the second quarter valued at approximately $42,000. Finally, CX Institutional grew its position in Lincoln National by 354.2% during the second quarter. CX Institutional now owns 1,685 shares of the financial services provider’s stock valued at $58,000 after buying an additional 1,314 shares during the period. Institutional investors own 72.81% of the company’s stock.

Lincoln National Stock Up 1.2%

LNC stock opened at $40.80 on Thursday. The firm’s fifty day simple moving average is $40.64 and its 200-day simple moving average is $36.90. The company has a market capitalization of $7.73 billion, a P/E ratio of 7.12, a price-to-earnings-growth ratio of 0.50 and a beta of 1.43. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.26 and a quick ratio of 0.26. Lincoln National Corporation has a 12 month low of $27.58 and a 12 month high of $43.66.

Lincoln National (NYSE:LNC) last released its quarterly earnings results on Thursday, October 30th. The financial services provider reported $2.04 EPS for the quarter, beating the consensus estimate of $1.84 by $0.20. The company had revenue of $4.56 billion for the quarter, compared to analyst estimates of $4.80 billion. Lincoln National had a net margin of 6.34% and a return on equity of 19.14%. During the same quarter last year, the business earned $2.06 earnings per share. As a group, equities research analysts forecast that Lincoln National Corporation will post 7.69 earnings per share for the current year.

Lincoln National Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 10th were given a dividend of $0.45 per share. The ex-dividend date was Friday, October 10th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.4%. Lincoln National’s dividend payout ratio (DPR) is currently 16.16%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Barclays upped their price target on shares of Lincoln National from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Piper Sandler reaffirmed a “neutral” rating and set a $42.00 price target on shares of Lincoln National in a research note on Tuesday, October 7th. National Bankshares set a $44.00 price target on shares of Lincoln National in a research note on Monday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Lincoln National in a research note on Wednesday, October 8th. Finally, Cfra Research raised shares of Lincoln National to a “hold” rating in a research note on Wednesday, August 6th. One research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $42.82.

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.