Allen Wealth Management LLC Has $1.80 Million Stake in Lincoln National Co. (NYSE:LNC)

Allen Wealth Management LLC boosted its holdings in Lincoln National Co. (NYSE:LNC) by 8.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 56,693 shares of the financial services provider’s stock after purchasing an additional 4,494 shares during the quarter. Lincoln National comprises approximately 1.3% of Allen Wealth Management LLC’s investment portfolio, making the stock its 16th largest holding. Allen Wealth Management LLC’s holdings in Lincoln National were worth $1,798,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. HighPoint Advisor Group LLC raised its stake in shares of Lincoln National by 3.2% in the fourth quarter. HighPoint Advisor Group LLC now owns 8,460 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 262 shares during the last quarter. Forvis Mazars Wealth Advisors LLC raised its position in Lincoln National by 3.1% in the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 11,199 shares of the financial services provider’s stock valued at $355,000 after buying an additional 338 shares during the last quarter. Roman Butler Fullerton & Co. lifted its stake in Lincoln National by 5.5% during the 4th quarter. Roman Butler Fullerton & Co. now owns 6,610 shares of the financial services provider’s stock valued at $224,000 after acquiring an additional 343 shares in the last quarter. Hillsdale Investment Management Inc. boosted its holdings in Lincoln National by 30.4% during the 4th quarter. Hillsdale Investment Management Inc. now owns 1,500 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 350 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Lincoln National by 20.2% in the 4th quarter. Versant Capital Management Inc now owns 2,104 shares of the financial services provider’s stock worth $67,000 after acquiring an additional 354 shares in the last quarter. Institutional investors own 72.81% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on LNC. Wells Fargo & Company boosted their price target on shares of Lincoln National from $28.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. Morgan Stanley upped their target price on Lincoln National from $39.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Barclays lifted their price target on Lincoln National from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. UBS Group upped their price objective on Lincoln National from $32.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Evercore ISI lifted their target price on Lincoln National from $41.00 to $44.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $37.45.

Lincoln National Price Performance

Shares of NYSE:LNC opened at $37.32 on Thursday. The company has a 50-day moving average price of $36.49 and a two-hundred day moving average price of $34.13. Lincoln National Co. has a twelve month low of $25.80 and a twelve month high of $39.85. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $6.36 billion, a PE ratio of 2.03, a P/E/G ratio of 0.30 and a beta of 1.55.

Lincoln National (NYSE:LNC) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.04. Lincoln National had a return on equity of 18.47% and a net margin of 17.76%. Equities analysts forecast that Lincoln National Co. will post 7.69 EPS for the current year.

Lincoln National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.80 annualized dividend and a yield of 4.82%. Lincoln National’s dividend payout ratio is currently 9.79%.

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.