Strategic Blueprint LLC Buys Shares of 9,612 Lincoln National Co. (NYSE:LNC)

Strategic Blueprint LLC acquired a new stake in shares of Lincoln National Co. (NYSE:LNC) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 9,612 shares of the financial services provider’s stock, valued at approximately $303,000.

Several other large investors have also made changes to their positions in LNC. Central Pacific Bank Trust Division purchased a new position in shares of Lincoln National during the first quarter valued at about $25,000. Whittier Trust Co. boosted its stake in Lincoln National by 106.7% during the second quarter. Whittier Trust Co. now owns 835 shares of the financial services provider’s stock valued at $26,000 after buying an additional 431 shares during the last quarter. Adirondack Trust Co. purchased a new position in Lincoln National during the 2nd quarter valued at approximately $31,000. Blue Trust Inc. increased its stake in Lincoln National by 535.5% in the 3rd quarter. Blue Trust Inc. now owns 1,074 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 905 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Lincoln National by 249.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,223 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 873 shares in the last quarter. 72.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LNC has been the subject of several research reports. Bank of America lowered their price objective on shares of Lincoln National from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Wells Fargo & Company lifted their price target on Lincoln National from $28.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Barclays upped their price objective on Lincoln National from $35.00 to $36.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Morgan Stanley dropped their target price on 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, TD Cowen started coverage on shares of Lincoln National in a research note on Wednesday, October 9th. They issued a “hold” rating and a $34.00 price target on the stock. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $33.00.

Lincoln National Trading Down 3.5 %

LNC opened at $33.52 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.82. The firm has a market cap of $5.71 billion, a price-to-earnings ratio of 23.94, a PEG ratio of 0.32 and a beta of 1.81. Lincoln National Co. has a 12 month low of $20.85 and a 12 month high of $36.46. The stock has a fifty day moving average price of $31.68 and a 200-day moving average price of $31.09.

Lincoln National (NYSE:LNC) last released 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 12.24% and a return on equity of 17.13%. 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 prior year, the firm posted $0.23 earnings per share. The company’s quarterly revenue was down 2.2% on a year-over-year basis. As a group, equities research analysts anticipate that Lincoln National Co. will post 5.73 earnings per share for the current fiscal year.

Lincoln National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.37%. Lincoln National’s payout ratio is 128.57%.

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.