Bearing Point Capital LLC Takes $772,000 Position in Lincoln National Co. (NYSE:LNC)

Bearing Point Capital LLC purchased a new position in shares of Lincoln National Co. (NYSE:LNC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,350 shares of the financial services provider’s stock, valued at approximately $772,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Lincoln National in the fourth quarter worth $76,951,000. Hennessy Advisors Inc. acquired a new stake in shares of Lincoln National in the fourth quarter worth $54,189,000. Arrowstreet Capital Limited Partnership grew its stake in Lincoln National by 84.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,543,624 shares of the financial services provider’s stock valued at $48,948,000 after acquiring an additional 708,584 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Lincoln National by 190.9% during the 4th quarter. LPL Financial LLC now owns 741,330 shares of the financial services provider’s stock valued at $23,508,000 after buying an additional 486,478 shares during the period. Finally, First Trust Advisors LP grew its stake in Lincoln National by 53.1% in the fourth quarter. First Trust Advisors LP now owns 1,258,512 shares of the financial services provider’s stock valued at $39,907,000 after purchasing an additional 436,462 shares in the last quarter. 72.81% of the stock is owned by institutional investors.

Lincoln National Stock Up 3.6 %

NYSE LNC opened at $33.11 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.27 and a quick ratio of 0.27. Lincoln National Co. has a fifty-two week low of $27.58 and a fifty-two week high of $39.85. The stock has a market capitalization of $5.65 billion, a PE ratio of 1.80, a PEG ratio of 0.30 and a beta of 1.42. The business has a fifty day moving average price of $33.81 and a two-hundred day moving average price of $34.01.

Lincoln National (NYSE:LNC) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.04. Lincoln National had a return on equity of 18.47% and a net margin of 17.76%. Equities analysts expect that Lincoln National Co. will post 7.69 earnings per share for the current fiscal year.

Lincoln National Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date of this dividend was Thursday, April 10th. Lincoln National’s dividend payout ratio is currently 9.79%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Barclays raised their target price on shares of Lincoln National from $36.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. Wells Fargo & Company lowered their price objective on Lincoln National from $36.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 10th. Morgan Stanley lowered their price target on Lincoln National from $42.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 10th. UBS Group raised their price objective on shares of Lincoln National from $32.00 to $38.00 and gave the stock a “neutral” rating in a report on Wednesday, April 2nd. Finally, Evercore ISI upped their price target on shares of Lincoln National from $41.00 to $44.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $35.91.

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.