Lincoln National Co. (NYSE:LNC) Shares Purchased by HB Wealth Management LLC

HB Wealth Management LLC raised its position in Lincoln National Co. (NYSE:LNC) by 15.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,150 shares of the financial services provider’s stock after acquiring an additional 2,961 shares during the quarter. HB Wealth Management LLC’s holdings in Lincoln National were worth $702,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Blue Trust Inc. boosted its stake in shares of Lincoln National by 535.5% in the third 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 boosted its position in Lincoln National by 95.3% in the 3rd quarter. Larson Financial Group LLC now owns 1,086 shares of the financial services provider’s stock valued at $34,000 after buying an additional 530 shares during the period. Eastern Bank purchased a new stake in shares of Lincoln National during the third quarter worth $40,000. Meeder Asset Management Inc. acquired a new stake in shares of Lincoln National in the third quarter valued at $48,000. Finally, Venturi Wealth Management LLC boosted its holdings in Lincoln National by 459.9% in the third quarter. Venturi Wealth Management LLC now owns 2,083 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 1,711 shares during the period. 72.81% of the stock is currently owned by hedge funds and other institutional investors.

Lincoln National Stock Up 0.4 %

LNC opened at $33.27 on Wednesday. Lincoln National Co. has a one year low of $25.09 and a one year high of $36.98. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.27 and a current ratio of 0.27. The stock has a market capitalization of $5.67 billion, a P/E ratio of 23.76, a price-to-earnings-growth ratio of 0.26 and a beta of 1.78. The business’s 50-day simple moving average is $33.11 and its 200-day simple moving average is $32.27.

Lincoln National (NYSE:LNC) last issued its quarterly earnings data on Thursday, October 31st. The financial services provider reported $2.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.42. The company had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.61 billion. Lincoln National had a return on equity of 18.15% and a net margin of 2.51%. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.23 earnings per share. Analysts anticipate that Lincoln National Co. will post 6.97 EPS for the current year.

Lincoln National Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be paid a $0.45 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.80 dividend on an annualized basis and a yield of 5.41%. Lincoln National’s dividend payout ratio is presently 128.57%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LNC. StockNews.com raised Lincoln National from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. 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 report on Wednesday, November 27th. Wells Fargo & Company lowered their price target on shares of Lincoln National from $29.00 to $28.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Piper Sandler reduced their price objective on shares of Lincoln National from $37.00 to $34.00 and set a “neutral” rating on the stock in a report on Wednesday, October 2nd. Finally, Barclays lowered their target price on shares of Lincoln National from $38.00 to $36.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $33.40.

Insider Activity at Lincoln National

In other news, EVP John Christopher Kennedy sold 2,863 shares of Lincoln National stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $36.00, for a total value of $103,068.00. Following the sale, the executive vice president now owns 99,644 shares of the company’s stock, valued at $3,587,184. The trade was a 2.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.54% of the stock is currently owned by insiders.

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.