6,267 Shares in Lincoln National Co. (NYSE:LNC) Bought by Roman Butler Fullerton & Co.

Roman Butler Fullerton & Co. bought a new stake in shares of Lincoln National Co. (NYSE:LNC) in the 3rd quarter, HoldingsChannel reports. The fund bought 6,267 shares of the financial services provider’s stock, valued at approximately $211,000.

Several other institutional investors have also recently added to or reduced their stakes in LNC. Central Pacific Bank Trust Division bought a new stake in Lincoln National during the first quarter valued at $25,000. Whittier Trust Co. lifted its holdings in Lincoln National by 106.7% in the second quarter. Whittier Trust Co. now owns 835 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 431 shares during the period. Adirondack Trust Co. acquired a new stake in Lincoln National in the second quarter worth about $31,000. Blue Trust Inc. lifted its holdings in Lincoln National by 535.5% in the third quarter. Blue Trust Inc. now owns 1,074 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 905 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Lincoln National by 249.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,223 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 873 shares during the period. Institutional investors own 72.81% of the company’s stock.

Analyst Ratings Changes

LNC has been the subject of a number of research analyst reports. Morgan Stanley cut their price target on shares of Lincoln National from $30.00 to $29.00 and set an “equal weight” rating for the company in a report on Monday, August 19th. Bank of America cut their price target on shares of Lincoln National from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. Barclays upped their price target on shares of Lincoln National from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. StockNews.com downgraded shares of Lincoln National from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company upped their price objective on shares of Lincoln National from $28.00 to $29.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Lincoln National presently has an average rating of “Hold” and a consensus target price of $33.00.

Lincoln National Price Performance

Shares of LNC opened at $32.91 on Tuesday. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of 23.51, a P/E/G ratio of 0.33 and a beta of 1.79. Lincoln National Co. has a fifty-two week low of $21.59 and a fifty-two week high of $36.46. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.27 and a quick ratio of 0.27. The business’s 50-day moving average is $31.68 and its 200-day moving average is $31.15.

Lincoln National (NYSE:LNC) last issued its earnings results 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 for the quarter, compared to the consensus estimate of $4.61 billion. Lincoln National had a return on equity of 18.15% and a net margin of 2.51%. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 EPS. Equities research analysts expect that Lincoln National Co. will post 5.73 EPS for the current fiscal year.

Lincoln National Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.47%. Lincoln National’s dividend payout ratio is 128.57%.

Lincoln National 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.