21,399 Shares in Lincoln National Co. (NYSE:LNC) Bought by WBI Investments LLC

WBI Investments LLC acquired a new position in shares of Lincoln National Co. (NYSE:LNC) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 21,399 shares of the financial services provider’s stock, valued at approximately $683,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Security Financial Services INC. raised its position in Lincoln National by 4.6% in the fourth quarter. Security Financial Services INC. now owns 8,803 shares of the financial services provider’s stock valued at $237,000 after purchasing an additional 385 shares during the last quarter. Global Retirement Partners LLC raised its position in Lincoln National by 32.6% in the first quarter. Global Retirement Partners LLC now owns 1,667 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 410 shares during the last quarter. Allworth Financial LP raised its position in Lincoln National by 14.4% in the fourth quarter. Allworth Financial LP now owns 4,238 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 532 shares during the last quarter. Yousif Capital Management LLC raised its position in Lincoln National by 0.6% in the fourth quarter. Yousif Capital Management LLC now owns 91,833 shares of the financial services provider’s stock valued at $2,477,000 after purchasing an additional 535 shares during the last quarter. Finally, Amalgamated Bank raised its position in Lincoln National by 0.8% in the fourth quarter. Amalgamated Bank now owns 76,960 shares of the financial services provider’s stock valued at $2,076,000 after purchasing an additional 635 shares during the last quarter. 72.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Lincoln National news, EVP Sean Woodroffe sold 55,127 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $32.57, for a total value of $1,795,486.39. Following 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 filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Lincoln National Trading Down 0.4 %

NYSE LNC traded down $0.12 during trading hours on Thursday, hitting $31.36. 684,410 shares of the company’s stock were exchanged, compared to its average volume of 1,755,558. The stock has a 50-day simple moving average of $31.10 and a 200 day simple moving average of $29.05. Lincoln National Co. has a 1-year low of $20.85 and a 1-year high of $33.33. The firm has a market cap of $5.33 billion, a price-to-earnings ratio of 4.26, a PEG ratio of 0.24 and a beta of 1.84. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.87.

Lincoln National (NYSE:LNC) last released its earnings results on Thursday, May 2nd. The financial services provider reported $1.37 EPS for the quarter, topping the consensus estimate of $1.10 by $0.27. Lincoln National had a return on equity of 19.50% and a net margin of 11.31%. The business had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.64 billion. On average, equities analysts forecast that Lincoln National Co. will post 5.99 EPS for the current fiscal year.

Lincoln National Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th will be issued a $0.45 dividend. The ex-dividend date is Wednesday, July 10th. This represents a $1.80 annualized dividend and a yield of 5.74%. Lincoln National’s payout ratio is currently 24.62%.

Analysts Set New Price Targets

Several equities analysts have commented on LNC shares. JPMorgan Chase & Co. increased their target price on Lincoln National from $28.00 to $34.00 and gave the company an “underweight” rating in a research report on Tuesday, July 2nd. Keefe, Bruyette & Woods increased their target price on Lincoln National from $30.00 to $32.00 and gave the company a “market perform” rating in a research report on Wednesday, April 10th. Wells Fargo & Company decreased their price target on Lincoln National from $28.00 to $27.00 and set an “equal weight” rating for the company in a research note on Friday, May 10th. Piper Sandler increased their price target on Lincoln National from $30.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, June 28th. Finally, Jefferies Financial Group increased their price target on Lincoln National from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $31.18.

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.