Lincoln National Co. (NYSE:LNC) Holdings Boosted by Farther Finance Advisors LLC

Farther Finance Advisors LLC boosted its position in shares of Lincoln National Co. (NYSE:LNC) by 21.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,452 shares of the financial services provider’s stock after purchasing an additional 2,363 shares during the period. Farther Finance Advisors LLC’s holdings in Lincoln National were worth $424,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA purchased a new position in shares of Lincoln National during the 2nd quarter valued at $142,148,000. Principal Financial Group Inc. grew its holdings in shares of Lincoln National by 59.2% during the 2nd quarter. Principal Financial Group Inc. now owns 3,086,324 shares of the financial services provider’s stock valued at $95,985,000 after acquiring an additional 1,147,896 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Lincoln National by 3,488.2% during the 3rd quarter. International Assets Investment Management LLC now owns 966,379 shares of the financial services provider’s stock valued at $30,669,000 after acquiring an additional 939,447 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in shares of Lincoln National during the 1st quarter valued at $28,649,000. Finally, AQR Capital Management LLC grew its holdings in shares of Lincoln National by 49.5% during the 2nd quarter. AQR Capital Management LLC now owns 2,150,863 shares of the financial services provider’s stock valued at $66,892,000 after acquiring an additional 711,951 shares in the last quarter. 72.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on LNC. Morgan Stanley lowered their price target on shares of Lincoln National from $30.00 to $29.00 and set an “equal weight” rating on the stock in a report on Monday, August 19th. Barclays lifted their price objective on shares of Lincoln National from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Piper Sandler reduced their price objective on shares of Lincoln National from $37.00 to $34.00 and set a “neutral” rating for the company in a research note on Wednesday, October 2nd. StockNews.com raised shares of Lincoln National from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Bank of America reduced their price objective on shares of Lincoln National from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $33.00.

Lincoln National Stock Performance

Shares of NYSE LNC opened at $35.26 on Friday. Lincoln National Co. has a 12 month low of $21.59 and a 12 month high of $36.98. The company has a market cap of $6.01 billion, a P/E ratio of 25.19, a P/E/G ratio of 0.33 and a beta of 1.79. The business’s 50 day moving average is $31.87 and its two-hundred day moving average is $31.29. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.73.

Lincoln National (NYSE:LNC) last announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.42. The business had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.61 billion. Lincoln National had a net margin of 2.51% and a return on equity of 18.15%. Lincoln National’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the company posted $0.23 earnings per share. On average, equities analysts expect that Lincoln National Co. will post 5.88 EPS for the current year.

Lincoln National Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.80 annualized dividend and a dividend yield of 5.10%. Lincoln National’s payout ratio is 128.57%.

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.