9,290 Shares in Lincoln National Co. (NYSE:LNC) Purchased by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund bought a new position in Lincoln National Co. (NYSE:LNC) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 9,290 shares of the financial services provider’s stock, valued at approximately $295,000.

Several other large investors have also bought and sold shares of LNC. Creative Planning raised its holdings in Lincoln National by 7.1% in the third quarter. Creative Planning now owns 21,922 shares of the financial services provider’s stock worth $691,000 after buying an additional 1,451 shares during the last quarter. Blue Trust Inc. raised its holdings in Lincoln National by 535.5% in the third quarter. Blue Trust Inc. now owns 1,074 shares of the financial services provider’s stock worth $33,000 after buying an additional 905 shares during the last quarter. Raymond James & Associates raised its holdings in Lincoln National by 2.6% in the third quarter. Raymond James & Associates now owns 159,899 shares of the financial services provider’s stock worth $5,038,000 after buying an additional 4,005 shares during the last quarter. OLD National Bancorp IN raised its holdings in Lincoln National by 4.0% in the third quarter. OLD National Bancorp IN now owns 8,415 shares of the financial services provider’s stock worth $265,000 after buying an additional 325 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Lincoln National by 4,737.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 98,887 shares of the financial services provider’s stock worth $3,116,000 after buying an additional 96,843 shares during the last quarter. 72.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LNC has been the subject of several recent analyst reports. Morgan Stanley lifted their target price on shares of Lincoln National from $36.00 to $39.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Barclays boosted their price objective on shares of Lincoln National from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Evercore ISI boosted their price objective on shares of Lincoln National from $41.00 to $44.00 and gave the company an “in-line” rating in a report on Wednesday. TD Cowen boosted their price objective on shares of Lincoln National from $34.00 to $37.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Lincoln National from $37.00 to $40.00 and gave the company a “market perform” rating in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $37.10.

Lincoln National Stock Performance

Shares of NYSE LNC opened at $39.11 on Thursday. The firm has a 50 day moving average of $33.67 and a 200 day moving average of $32.83. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $6.66 billion, a price-to-earnings ratio of 2.13, a price-to-earnings-growth ratio of 0.30 and a beta of 1.79. Lincoln National Co. has a 12-month low of $25.60 and a 12-month high of $39.85.

Lincoln National (NYSE:LNC) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.04. Lincoln National had a net margin of 17.76% and a return on equity of 18.47%. On average, research analysts anticipate that Lincoln National Co. will post 7.71 earnings per share for the current year.

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.