Insight Inv LLC Raises Position in Lincoln National Co. (NYSE:LNC)

Insight Inv LLC raised its position in Lincoln National Co. (NYSE:LNCGet Rating) by 12.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,500 shares of the financial services provider’s stock after acquiring an additional 2,065 shares during the quarter. Insight Inv LLC’s holdings in Lincoln National were worth $1,209,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Johnson Financial Group Inc. bought a new position in shares of Lincoln National in the fourth quarter worth approximately $28,000. Private Capital Group LLC increased its stake in shares of Lincoln National by 48.2% in the first quarter. Private Capital Group LLC now owns 483 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 157 shares in the last quarter. Hanson & Doremus Investment Management boosted its position in shares of Lincoln National by 735.6% during the first quarter. Hanson & Doremus Investment Management now owns 493 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 434 shares during the last quarter. Glassman Wealth Services boosted its position in shares of Lincoln National by 136.6% during the fourth quarter. Glassman Wealth Services now owns 504 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 291 shares during the last quarter. Finally, Confluence Wealth Services Inc. bought a new position in Lincoln National during the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 86.40% of the company’s stock.

Lincoln National Stock Performance

Shares of NYSE LNC opened at $50.60 on Tuesday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.71. Lincoln National Co. has a 12 month low of $44.89 and a 12 month high of $77.57. The company has a 50 day simple moving average of $48.91 and a two-hundred day simple moving average of $58.37. The stock has a market cap of $8.61 billion, a price-to-earnings ratio of 10.50, a PEG ratio of 0.32 and a beta of 1.89.

Lincoln National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Monday, October 10th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.56%. The ex-dividend date is Thursday, October 6th. Lincoln National’s dividend payout ratio (DPR) is 37.50%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LNC. Barclays lowered their target price on shares of Lincoln National to $47.00 in a report on Monday. Piper Sandler cut their target price on shares of Lincoln National from $70.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday, July 8th. JPMorgan Chase & Co. cut their target price on shares of Lincoln National from $83.00 to $77.00 in a research report on Monday, July 11th. Citigroup initiated coverage on shares of Lincoln National in a research report on Monday, May 23rd. They issued a “neutral” rating and a $56.00 price objective on the stock. Finally, Royal Bank of Canada cut their price objective on shares of Lincoln National from $71.00 to $57.00 in a research report on Friday, August 5th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Lincoln National currently has an average rating of “Hold” and an average target price of $61.90.

Lincoln National Profile

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Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The Annuities segment offers fixed, variable, and indexed variable annuities.

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Institutional Ownership by Quarter for Lincoln National (NYSE:LNC)

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