North Star Investment Management Corp. boosted its stake in shares of Lincoln National Co. (NYSE:LNC) by 45.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,615 shares of the financial services provider’s stock after buying an additional 1,749 shares during the quarter. North Star Investment Management Corp.’s holdings in Lincoln National were worth $432,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Franklin Resources Inc. lifted its holdings in shares of Lincoln National by 69.7% in the second quarter. Franklin Resources Inc. now owns 128,166 shares of the financial services provider’s stock valued at $8,662,000 after purchasing an additional 52,663 shares in the last quarter. Aberdeen Asset Management PLC UK lifted its holdings in shares of Lincoln National by 18.3% in the second quarter. Aberdeen Asset Management PLC UK now owns 67,991 shares of the financial services provider’s stock valued at $4,595,000 after purchasing an additional 10,532 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Lincoln National by 6.3% in the second quarter. Alliancebernstein L.P. now owns 500,750 shares of the financial services provider’s stock valued at $33,841,000 after purchasing an additional 29,524 shares in the last quarter. Capital Fund Management S.A. lifted its holdings in shares of Lincoln National by 631.6% in the second quarter. Capital Fund Management S.A. now owns 23,392 shares of the financial services provider’s stock valued at $1,581,000 after purchasing an additional 27,792 shares in the last quarter. Finally, Stephens Inc. AR lifted its holdings in shares of Lincoln National by 3.9% in the second quarter. Stephens Inc. AR now owns 10,313 shares of the financial services provider’s stock valued at $697,000 after purchasing an additional 387 shares in the last quarter. Institutional investors own 80.32% of the company’s stock.
Lincoln National Co. (LNC) opened at $84.37 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.11 and a current ratio of 0.11. The firm has a market cap of $18,460.00, a P/E ratio of 13.16, a price-to-earnings-growth ratio of 1.15 and a beta of 2.01. Lincoln National Co. has a one year low of $61.45 and a one year high of $84.75.
Lincoln National (NYSE:LNC) last posted its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $2.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.19. The company had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $3.62 billion. Lincoln National had a net margin of 10.50% and a return on equity of 11.16%. Lincoln National’s revenue was down .4% on a year-over-year basis. During the same quarter last year, the firm posted $1.89 earnings per share. equities analysts expect that Lincoln National Co. will post 7.72 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be paid a dividend of $0.33 per share. The ex-dividend date is Tuesday, January 9th. This represents a $1.32 dividend on an annualized basis and a yield of 1.56%. This is an increase from Lincoln National’s previous quarterly dividend of $0.29. Lincoln National’s dividend payout ratio (DPR) is currently 20.59%.
LNC has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Lincoln National from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Morgan Stanley upped their price target on shares of Lincoln National from $77.00 to $79.00 and gave the company an “equal weight” rating in a report on Thursday, November 2nd. Deutsche Bank assumed coverage on shares of Lincoln National in a report on Tuesday, January 2nd. They issued a “buy” rating and a $84.00 price target on the stock. Royal Bank of Canada reissued a “buy” rating and set a $86.00 price objective on shares of Lincoln National in a research note on Friday, December 8th. Finally, B. Riley reissued a “neutral” rating on shares of Lincoln National in a research note on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $83.27.
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Lincoln National Profile
Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The Company sells a range of wealth protection, accumulation and retirement income products and solutions, through its business segments. The Company operates through four segments: Annuities segment, which offers fixed (including indexed) and variable annuities; Retirement Plan Services segment, which provides employers with retirement plan products and services; Life Insurance segment, which focuses on the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products.
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