Cwm LLC Buys 590 Shares of Lincoln National Co. (NYSE:LNC)

Cwm LLC raised its stake in Lincoln National Co. (NYSE:LNC) by 4.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,879 shares of the financial services provider’s stock after acquiring an additional 590 shares during the period. Cwm LLC’s holdings in Lincoln National were worth $469,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Lincoln National by 5.3% during the fourth quarter. Vanguard Group Inc. now owns 21,688,670 shares of the financial services provider’s stock worth $584,943,000 after buying an additional 1,094,789 shares during the last quarter. HighPoint Advisor Group LLC bought a new position in Lincoln National in the 4th quarter valued at $226,000. Mather Group LLC. acquired a new position in Lincoln National in the first quarter worth $43,000. Unison Advisors LLC grew its holdings in shares of Lincoln National by 2.3% during the first quarter. Unison Advisors LLC now owns 61,474 shares of the financial services provider’s stock worth $1,963,000 after purchasing an additional 1,393 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC increased its stake in shares of Lincoln National by 33.4% in the first quarter. Wealthcare Advisory Partners LLC now owns 26,088 shares of the financial services provider’s stock valued at $833,000 after buying an additional 6,528 shares in the last quarter. 72.81% of the stock is currently owned by institutional investors and hedge funds.

Lincoln National Stock Performance

Shares of NYSE:LNC opened at $33.49 on Friday. The company has a market capitalization of $5.69 billion, a price-to-earnings ratio of 4.58, a P/E/G ratio of 0.31 and a beta of 1.81. The firm’s 50 day simple moving average is $31.19 and its 200 day simple moving average is $30.88. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.27 and a quick ratio of 0.27. Lincoln National Co. has a fifty-two week low of $20.85 and a fifty-two week high of $36.46.

Lincoln National (NYSE:LNC) last announced its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.07. Lincoln National had a net margin of 12.24% and a return on equity of 17.13%. The company had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $4.65 billion. During the same period last year, the firm posted $2.02 earnings per share. As a group, sell-side analysts forecast that Lincoln National Co. will post 5.73 earnings per share for the current year.

Lincoln National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date of this dividend is Thursday, October 10th. Lincoln National’s dividend payout ratio is currently 24.62%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on LNC shares. Morgan Stanley decreased their price objective 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 increased their price target 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. TD Cowen began coverage on Lincoln National in a report on Wednesday, October 9th. They set a “hold” rating and a $34.00 price objective on the stock. Bank of America lowered their target price on Lincoln National from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th. Finally, Jefferies Financial Group raised their price target on Lincoln National from $34.00 to $38.00 and gave the company a “buy” rating in a report on Friday, June 28th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Lincoln National has a consensus rating of “Hold” and an average price target of $33.00.

Lincoln National Company 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.