Wealthcare Advisory Partners LLC Has $528,000 Stock Position in Lincoln National Co. (NYSE:LNC)

Wealthcare Advisory Partners LLC raised its holdings in Lincoln National Co. (NYSE:LNC) by 22.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,560 shares of the financial services provider’s stock after acquiring an additional 3,590 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Lincoln National were worth $528,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of LNC. Financial Gravity Asset Management Inc. raised its position in Lincoln National by 3,930.8% in the third quarter. Financial Gravity Asset Management Inc. now owns 1,048 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,022 shares during the last quarter. CVA Family Office LLC acquired a new position in Lincoln National during the 4th quarter valued at about $37,000. Highlander Capital Management LLC raised its stake in shares of Lincoln National by 200.0% in the fourth quarter. Highlander Capital Management LLC now owns 1,500 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 1,000 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Lincoln National by 115.2% in the third quarter. Parkside Financial Bank & Trust now owns 1,752 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 938 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Lincoln National by 47.0% during the third quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the financial services provider’s stock valued at $44,000 after buying an additional 571 shares during the last quarter. Institutional investors and hedge funds own 72.81% of the company’s stock.

Insider Transactions at Lincoln National

In other news, Director Owen Ryan acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average cost of $25.90 per share, with a total value of $259,000.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at approximately $259,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. UBS Group raised their price objective on Lincoln National from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, January 10th. TheStreet downgraded Lincoln National from a “c” rating to a “d+” rating in a research note on Thursday, February 8th. JPMorgan Chase & Co. increased their price target on Lincoln National from $26.00 to $29.00 and gave the company an “underweight” rating in a research report on Tuesday, April 2nd. Wells Fargo & Company increased their price target on shares of Lincoln National from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Thursday, April 11th. Finally, Keefe, Bruyette & Woods lifted their price objective on Lincoln National from $30.00 to $32.00 and gave the stock a “market perform” rating in a report on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lincoln National has an average rating of “Hold” and a consensus target price of $28.27.

Lincoln National Stock Performance

NYSE LNC opened at $29.30 on Thursday. The company’s 50 day simple moving average is $28.57 and its two-hundred day simple moving average is $26.70. The company has a debt-to-equity ratio of 0.87, 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. The stock has a market capitalization of $4.98 billion, a PE ratio of 4.01, a P/E/G ratio of 0.18 and a beta of 1.80.

Lincoln National (NYSE:LNC) last posted its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.13. Lincoln National had a return on equity of 19.50% and a net margin of 11.31%. The company had revenue of $1.97 billion during the quarter, compared to analyst estimates of $4.44 billion. Analysts predict that Lincoln National Co. will post 6.25 earnings per share for the current fiscal year.

Lincoln National Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 6.14%. The ex-dividend date of this dividend was Tuesday, April 9th. Lincoln National’s dividend payout ratio (DPR) is currently 24.62%.

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.