Lincoln National Co. (NYSE:LNC) Shares Bought by Interval Partners LP

Interval Partners LP grew its stake in shares of Lincoln National Co. (NYSE:LNC) by 153.7% in the fourth quarter, HoldingsChannel reports. The fund owned 81,986 shares of the financial services provider’s stock after buying an additional 49,670 shares during the quarter. Interval Partners LP’s holdings in Lincoln National were worth $2,600,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in shares of Lincoln National by 14.4% during the 4th quarter. JPMorgan Chase & Co. now owns 330,755 shares of the financial services provider’s stock valued at $10,488,000 after acquiring an additional 41,533 shares during the last quarter. National Bank of Canada FI increased its stake in shares of Lincoln National by 20,127.5% during the 4th quarter. National Bank of Canada FI now owns 316,965 shares of the financial services provider’s stock valued at $10,051,000 after acquiring an additional 315,398 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Lincoln National by 19.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 64,658 shares of the financial services provider’s stock valued at $2,050,000 after acquiring an additional 10,560 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Lincoln National during the 4th quarter worth approximately $1,050,000. Finally, Amundi increased its position in Lincoln National by 92.0% during the 4th quarter. Amundi now owns 119,294 shares of the financial services provider’s stock worth $3,747,000 after purchasing an additional 57,152 shares in the last quarter. Institutional investors and hedge funds own 72.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LNC. Morgan Stanley dropped their target price on shares of Lincoln National from $42.00 to $32.00 and set an “equal weight” rating for the company in a research report on Thursday, April 10th. Wells Fargo & Company dropped their target price on shares of Lincoln National from $36.00 to $31.00 and set an “equal weight” rating for the company in a research report on Thursday, April 10th. Barclays increased their target price on shares of Lincoln National from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday. Piper Sandler dropped their target price on shares of Lincoln National from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday. Finally, UBS Group increased their target price on shares of Lincoln National from $32.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $36.27.

Lincoln National Stock Down 0.1%

NYSE LNC opened at $33.34 on Monday. The stock has a market cap of $5.69 billion, a PE ratio of 1.81, a P/E/G ratio of 0.30 and a beta of 1.42. Lincoln National Co. has a fifty-two week low of $27.58 and a fifty-two week high of $39.85. The business has a 50 day moving average price of $33.39 and a two-hundred day moving average price of $34.03. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.80.

Lincoln National (NYSE:LNC) last released its quarterly earnings results on Thursday, May 8th. The financial services provider reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.06. The firm had revenue of $4.69 billion during the quarter, compared to analysts’ expectations of $4.71 billion. Lincoln National had a return on equity of 18.47% and a net margin of 17.76%. Lincoln National’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.41 EPS. As a group, sell-side analysts predict that Lincoln National Co. will post 7.69 EPS for the current fiscal year.

Lincoln National Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 5.40%. The ex-dividend date of this dividend was Thursday, April 10th. Lincoln National’s dividend payout ratio (DPR) is currently 9.79%.

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.