New Age Alpha Advisors LLC Makes New Investment in Lincoln National Co. (NYSE:LNC)

New Age Alpha Advisors LLC purchased a new stake in Lincoln National Co. (NYSE:LNC) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 23,508 shares of the financial services provider’s stock, valued at approximately $745,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Lincoln National in the 4th quarter worth $76,951,000. Easterly Investment Partners LLC grew its holdings in shares of Lincoln National by 2.1% in the fourth quarter. Easterly Investment Partners LLC now owns 641,305 shares of the financial services provider’s stock valued at $20,336,000 after purchasing an additional 12,976 shares during the period. Caisse Des Depots ET Consignations acquired a new stake in Lincoln National during the fourth quarter worth about $3,776,000. JPMorgan Chase & Co. raised its stake in Lincoln National by 14.4% during the fourth quarter. JPMorgan Chase & Co. now owns 330,755 shares of the financial services provider’s stock worth $10,488,000 after purchasing an additional 41,533 shares during the period. Finally, Trust Investment Advisors boosted its holdings in Lincoln National by 8.1% in the 4th quarter. Trust Investment Advisors now owns 39,707 shares of the financial services provider’s stock valued at $1,259,000 after purchasing an additional 2,991 shares during the last quarter. Institutional investors and hedge funds own 72.81% of the company’s stock.

Wall Street Analysts Forecast Growth

LNC has been the topic of several analyst reports. Morgan Stanley upped their price objective on Lincoln National from $39.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Wells Fargo & Company upped their price target 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. Barclays raised their price objective on Lincoln National from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Evercore ISI increased their target price on shares of Lincoln National from $41.00 to $44.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Lincoln National from $37.00 to $40.00 and gave the company a “market perform” rating in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $37.40.

Lincoln National Trading Up 0.7 %

Shares of LNC stock opened at $35.93 on Tuesday. Lincoln National Co. has a fifty-two week low of $25.80 and a fifty-two week high of $39.85. The company has a 50 day moving average price of $36.35 and a 200 day moving average price of $34.06. The stock has a market capitalization of $6.12 billion, a P/E ratio of 1.96, a price-to-earnings-growth ratio of 0.30 and a beta of 1.76. 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 data 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 return on equity of 18.47% and a net margin of 17.76%. Equities research analysts predict that Lincoln National Co. will post 7.69 EPS for the current fiscal year.

Lincoln National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 5.01%. The ex-dividend date is Thursday, April 10th. Lincoln National’s payout ratio 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.