Hussman Strategic Advisors Inc. Takes $666,000 Position in Lincoln National Co. (NYSE:LNC)

Hussman Strategic Advisors Inc. acquired a new stake in shares of Lincoln National Co. (NYSE:LNC) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 21,000 shares of the financial services provider’s stock, valued at approximately $666,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. raised its position in shares of Lincoln National by 535.5% during the 3rd quarter. Blue Trust Inc. now owns 1,074 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 905 shares during the period. Larson Financial Group LLC raised its position in shares of Lincoln National by 95.3% during the 3rd quarter. Larson Financial Group LLC now owns 1,086 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 530 shares during the period. Eastern Bank bought a new stake in shares of Lincoln National during the 3rd quarter valued at $40,000. Meeder Asset Management Inc. bought a new stake in shares of Lincoln National during the 3rd quarter valued at $48,000. Finally, Crews Bank & Trust bought a new stake in shares of Lincoln National during the 4th quarter valued at $51,000. 72.81% of the stock is currently owned by institutional investors.

Lincoln National Trading Down 0.7 %

Shares of LNC opened at $38.82 on Friday. Lincoln National Co. has a 1-year low of $25.60 and a 1-year high of $39.85. The company has a 50-day moving average of $33.79 and a 200 day moving average of $32.87. The firm has a market capitalization of $6.61 billion, a price-to-earnings ratio of 2.11, a PEG ratio of 0.30 and a beta of 1.79. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.27 and a quick ratio of 0.27.

Lincoln National (NYSE:LNC) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.91 earnings per share for the quarter, beating 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 expect that Lincoln National Co. will post 7.69 EPS for the current year.

Lincoln National Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 4.64%. Lincoln National’s payout ratio is 9.79%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on LNC shares. Evercore ISI raised their target price on shares of Lincoln National from $41.00 to $44.00 and gave the company an “in-line” rating in a research note on Wednesday. Keefe, Bruyette & Woods raised their target price on shares of Lincoln National from $37.00 to $40.00 and gave the company a “market perform” rating in a research note on Wednesday, February 12th. Wells Fargo & Company raised their target price on shares of Lincoln National from $28.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday. Morgan Stanley raised their target price on shares of Lincoln National from $36.00 to $39.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Finally, TD Cowen raised their target price on shares of Lincoln National from $34.00 to $37.00 and gave the company a “hold” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Lincoln National presently has an average rating of “Hold” and a consensus target price of $37.10.

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.