Lincoln National Co. (NYSE:LNC) Shares Purchased by Phillips Financial Management LLC

Phillips Financial Management LLC boosted its position in Lincoln National Co. (NYSE:LNC) by 10.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,530 shares of the financial services provider’s stock after acquiring an additional 2,040 shares during the quarter. Phillips Financial Management LLC’s holdings in Lincoln National were worth $683,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its holdings in Lincoln National by 95.3% in the third quarter. Larson Financial Group LLC now owns 1,086 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 530 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Lincoln National in the fourth quarter valued at approximately $36,000. Meeder Asset Management Inc. acquired a new stake in Lincoln National in the third quarter valued at approximately $48,000. Crews Bank & Trust acquired a new stake in Lincoln National during the fourth quarter worth approximately $51,000. Finally, Venturi Wealth Management LLC raised its holdings in Lincoln National by 459.9% during the third quarter. Venturi Wealth Management LLC now owns 2,083 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 1,711 shares in the last quarter. Institutional investors and hedge funds own 72.81% of the company’s stock.

Lincoln National Stock Performance

NYSE:LNC opened at $35.15 on Thursday. The firm’s fifty day moving average price is $35.15 and its 200 day moving average price is $33.52. 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 firm has a market cap of $5.99 billion, a price-to-earnings ratio of 1.91, a price-to-earnings-growth ratio of 0.30 and a beta of 1.76.

Lincoln National (NYSE:LNC) last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.91 earnings per share for the quarter, beating 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%. On average, sell-side analysts expect that Lincoln National Co. will post 7.69 EPS for the current year.

Lincoln National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date of this dividend is Thursday, April 10th. Lincoln National’s dividend payout ratio (DPR) is currently 9.79%.

Analyst Ratings Changes

A number of analysts have weighed in on LNC shares. Barclays raised their price objective on shares of Lincoln National from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Morgan Stanley raised their price objective on shares of Lincoln National from $39.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. Evercore ISI raised their price objective on shares of Lincoln National from $41.00 to $44.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. TD Cowen raised their price objective on shares of Lincoln National from $34.00 to $37.00 and gave the stock a “hold” rating in a report on Wednesday, November 27th. Finally, Wells Fargo & Company raised their price objective on shares of Lincoln National from $28.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $37.40.

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.