28,943 Shares in Lincoln National Corporation $LNC Bought by Dockside LLC

Dockside LLC acquired a new position in shares of Lincoln National Corporation (NYSE:LNC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 28,943 shares of the financial services provider’s stock, valued at approximately $1,289,000.

Other large investors have also modified their holdings of the company. JPL Wealth Management LLC bought a new stake in shares of Lincoln National during the 3rd quarter worth $29,000. V Square Quantitative Management LLC bought a new stake in shares of Lincoln National during the 4th quarter worth $31,000. Transamerica Financial Advisors LLC bought a new stake in shares of Lincoln National during the 4th quarter worth $32,000. Los Angeles Capital Management LLC bought a new stake in shares of Lincoln National during the 4th quarter worth $34,000. Finally, Laurel Wealth Advisors LLC bought a new stake in shares of Lincoln National during the 4th quarter worth $38,000. 72.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

LNC has been the subject of several recent analyst reports. Wells Fargo & Company upped their price objective on shares of Lincoln National from $43.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Mizuho decreased their price objective on shares of Lincoln National from $54.00 to $48.00 and set an “outperform” rating for the company in a report on Monday, April 13th. TD Cowen decreased their price objective on shares of Lincoln National from $43.00 to $38.00 and set a “hold” rating for the company in a report on Monday, March 9th. National Bank Financial set a $40.00 price objective on shares of Lincoln National in a report on Thursday, May 21st. Finally, Morgan Stanley decreased their price objective on shares of Lincoln National from $43.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $43.00.

Insider Activity at Lincoln National

In other news, EVP Craigt T. Beazer sold 30,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $34.45, for a total transaction of $1,033,500.00. Following the completion of the transaction, the executive vice president directly owned 103,906 shares of the company’s stock, valued at approximately $3,579,561.70. This trade represents a 22.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.03% of the company’s stock.

Lincoln National Stock Performance

NYSE:LNC opened at $37.23 on Monday. The firm’s 50-day moving average is $35.67 and its 200-day moving average is $38.57. Lincoln National Corporation has a 52-week low of $31.69 and a 52-week high of $46.82. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.25 and a current ratio of 0.25. The company has a market cap of $7.12 billion, a price-to-earnings ratio of 4.32, a PEG ratio of 2.39 and a beta of 1.17.

Lincoln National (NYSE:LNC) last posted its quarterly earnings data on Thursday, May 7th. The financial services provider reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.08. Lincoln National had a net margin of 9.17% and a return on equity of 18.07%. The company had revenue of $4.87 billion for the quarter, compared to the consensus estimate of $4.93 billion. During the same quarter in the previous year, the firm posted $1.60 EPS. The business’s revenue was up 13.1% compared to the same quarter last year. Equities research analysts anticipate that Lincoln National Corporation will post 7.72 earnings per share for the current year.

Lincoln National Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, July 10th. Lincoln National’s dividend payout ratio (DPR) is presently 20.88%.

Lincoln National Profile

Lincoln National Corporation, doing business as Lincoln Financial Group, is a diversified financial services holding company focused on providing retirement, insurance, and wealth management solutions in the United States and select international markets. Headquartered in Radnor, Pennsylvania, the company operates through several business segments, including Retirement Plan Services, Life Insurance, and Group Protection. Its offerings are designed to help individuals, families, and institutions plan and prepare for their financial futures.

The Retirement Plan Services segment delivers recordkeeping, administrative services, and investment management for defined contribution and defined benefit plans.