OneAscent Financial Services LLC Purchases Shares of 6,434 Lincoln National Co. (NYSE:LNC)

OneAscent Financial Services LLC acquired a new position in shares of Lincoln National Co. (NYSE:LNC) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 6,434 shares of the financial services provider’s stock, valued at approximately $204,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. M Holdings Securities Inc. acquired a new position in Lincoln National during the 4th quarter worth $29,000. Headlands Technologies LLC bought a new stake in shares of Lincoln National during the fourth quarter valued at about $35,000. SBI Securities Co. Ltd. acquired a new stake in Lincoln National in the fourth quarter worth about $36,000. Hillsdale Investment Management Inc. grew its position in Lincoln National by 30.4% in the 4th quarter. Hillsdale Investment Management Inc. now owns 1,500 shares of the financial services provider’s stock valued at $48,000 after buying an additional 350 shares in the last quarter. Finally, Crews Bank & Trust acquired a new position in Lincoln National during the 4th quarter valued at about $51,000. 72.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. UBS Group upped their price target on shares of Lincoln National from $32.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday. Morgan Stanley lifted their price target on Lincoln National from $39.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Wells Fargo & Company upped their price objective on Lincoln National from $28.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. 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 report on Wednesday, February 19th. Finally, Barclays upped their price target 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. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Lincoln National has a consensus rating of “Hold” and an average target price of $37.45.

Lincoln National Trading Down 10.3 %

Lincoln National stock opened at $29.90 on Friday. The company has a 50 day moving average price of $36.42 and a 200 day moving average price of $34.12. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.27 and a current ratio of 0.27. Lincoln National Co. has a 52 week low of $25.80 and a 52 week high of $39.85. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 1.63, a P/E/G ratio of 0.30 and a beta of 1.55.

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, beating 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%. Research analysts forecast that Lincoln National Co. will post 7.69 EPS for the current year.

Lincoln National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 6.02%. The ex-dividend date of this dividend is Thursday, April 10th. Lincoln National’s dividend payout ratio is currently 9.79%.

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.