Cantor Fitzgerald Investment Advisors L.P. Acquires 1,050 Shares of Lincoln National Co. (NYSE:LNC)

Cantor Fitzgerald Investment Advisors L.P. raised its position in shares of Lincoln National Co. (NYSE:LNC) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 85,832 shares of the financial services provider’s stock after acquiring an additional 1,050 shares during the quarter. Cantor Fitzgerald Investment Advisors L.P. owned approximately 0.05% of Lincoln National worth $2,722,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Principal Financial Group Inc. increased its position in Lincoln National by 7.2% during the third quarter. Principal Financial Group Inc. now owns 3,309,453 shares of the financial services provider’s stock valued at $104,281,000 after acquiring an additional 223,129 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Lincoln National by 2.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,271 shares of the financial services provider’s stock valued at $1,252,000 after buying an additional 1,121 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Lincoln National by 19.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 64,658 shares of the financial services provider’s stock worth $2,050,000 after purchasing an additional 10,560 shares in the last quarter. Range Financial Group LLC bought a new position in Lincoln National during the fourth quarter valued at approximately $1,075,000. Finally, Geode Capital Management LLC increased its position in Lincoln National by 4.7% in the third quarter. Geode Capital Management LLC now owns 3,373,487 shares of the financial services provider’s stock worth $106,322,000 after purchasing an additional 152,622 shares during the last quarter. 72.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have 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 stock an “equal weight” rating in a report on Friday. TD Cowen boosted their price objective on shares of Lincoln National from $34.00 to $37.00 and gave the stock a “hold” rating in a research note on Wednesday, November 27th. Wells Fargo & Company lowered their price target on shares of Lincoln National from $29.00 to $28.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Finally, StockNews.com upgraded Lincoln National from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $33.60.

Lincoln National Trading Up 3.5 %

NYSE LNC opened at $37.01 on Friday. The firm has a market cap of $6.30 billion, a PE ratio of 2.01, a P/E/G ratio of 0.28 and a beta of 1.79. Lincoln National Co. has a one year low of $25.09 and a one year high of $37.24. The firm’s fifty day moving average is $32.93 and its two-hundred day moving average is $32.49. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.27 and a current ratio of 0.27.

Lincoln National (NYSE:LNC) last posted its quarterly earnings results 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 net margin of 17.76% and a return on equity of 18.47%. Analysts expect that Lincoln National Co. will post 7.63 earnings per share for the current year.

Lincoln National Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.80 annualized dividend and a yield of 4.86%. Lincoln National’s dividend payout ratio (DPR) is presently 9.79%.

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.