Caisse Des Depots ET Consignations Acquires Shares of 119,079 Lincoln National Co. (NYSE:LNC)

Caisse Des Depots ET Consignations acquired a new position in shares of Lincoln National Co. (NYSE:LNC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 119,079 shares of the financial services provider’s stock, valued at approximately $3,776,000. Caisse Des Depots ET Consignations owned approximately 0.07% of Lincoln National at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of LNC. M Holdings Securities Inc. bought a new position in Lincoln National during the fourth quarter valued at approximately $29,000. Larson Financial Group LLC lifted its stake in shares of Lincoln National by 95.3% in the 3rd quarter. Larson Financial Group LLC now owns 1,086 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 530 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Lincoln National in the fourth quarter worth $36,000. Hillsdale Investment Management Inc. raised its holdings in Lincoln National by 30.4% during the fourth quarter. Hillsdale Investment Management Inc. now owns 1,500 shares of the financial services provider’s stock valued at $48,000 after buying an additional 350 shares in the last quarter. Finally, Crews Bank & Trust acquired a new position in shares of Lincoln National during the 4th quarter valued at about $51,000. 72.81% of the stock is owned by institutional investors and hedge funds.

Lincoln National Stock Down 0.7 %

Shares of Lincoln National stock opened at $37.41 on Thursday. Lincoln National Co. has a 1 year low of $25.80 and a 1 year high of $39.85. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market capitalization of $6.38 billion, a P/E ratio of 2.04, a price-to-earnings-growth ratio of 0.30 and a beta of 1.76. The business has a 50-day moving average of $36.16 and a two-hundred day moving average of $33.87.

Lincoln National (NYSE:LNC) last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.04. Lincoln National had a net margin of 17.76% and a return on equity of 18.47%. As a group, equities analysts predict that Lincoln National Co. will post 7.69 EPS for the current year.

Lincoln National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date is Thursday, April 10th. Lincoln National’s dividend payout ratio is presently 9.79%.

Analyst Ratings Changes

LNC has been the topic of a number of recent analyst reports. TD Cowen lifted their price target on shares of Lincoln National from $34.00 to $37.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. Keefe, Bruyette & Woods raised their price objective on shares of Lincoln National from $37.00 to $40.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 12th. Wells Fargo & Company upped their target price on Lincoln National from $28.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. Evercore ISI increased their price objective on shares of Lincoln National from $41.00 to $44.00 and gave the company an “in-line” rating in a research note on Wednesday, February 19th. Finally, Barclays raised their price target on shares of Lincoln National from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $37.40.

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.