Lincoln National Co. (NYSE:LNC) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG raised its position in shares of Lincoln National Co. (NYSE:LNC) by 158.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 247,328 shares of the financial services provider’s stock after purchasing an additional 151,731 shares during the period. Deutsche Bank AG owned 0.15% of Lincoln National worth $7,843,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. M Holdings Securities Inc. acquired a new position in shares of Lincoln National during the fourth quarter valued at $29,000. Kapitalo Investimentos Ltda bought a new position in Lincoln National in the 4th quarter valued at about $32,000. Headlands Technologies LLC acquired a new position in Lincoln National during the 4th quarter valued at about $35,000. SBI Securities Co. Ltd. bought a new stake in shares of Lincoln National during the 4th quarter worth about $36,000. Finally, Aster Capital Management DIFC Ltd lifted its stake in shares of Lincoln National by 182.2% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,250 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 807 shares during the period. Institutional investors own 72.81% of the company’s stock.

Lincoln National Trading Up 1.0%

Shares of LNC opened at $34.43 on Friday. The business’s 50-day moving average price is $33.32 and its 200 day moving average price is $34.09. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $5.88 billion, a P/E ratio of 1.87, a P/E/G ratio of 0.30 and a beta of 1.42. Lincoln National Co. has a 1-year low of $27.58 and a 1-year high of $39.85.

Lincoln National (NYSE:LNC) last released its earnings results on Thursday, May 8th. The financial services provider reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.06. The business had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.71 billion. Lincoln National had a net margin of 17.76% and a return on equity of 18.47%. The firm’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share. Analysts expect that Lincoln National Co. will post 7.69 earnings per share for the current year.

Lincoln National Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were issued a $0.45 dividend. The ex-dividend date was Thursday, April 10th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.23%. Lincoln National’s payout ratio is currently 25.57%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Keefe, Bruyette & Woods lowered their price objective on shares of Lincoln National from $40.00 to $38.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 9th. StockNews.com downgraded Lincoln National from a “hold” rating to a “sell” rating in a research note on Monday, May 12th. Barclays upped their price objective on Lincoln National from $38.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, May 9th. UBS Group lifted their target price on 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 company an “in-line” rating in a report on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Lincoln National currently has an average rating of “Hold” and a consensus target price of $36.27.

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.