North Star Investment Management Corp. Increases Holdings in Lincoln National Co. (NYSE:LNC)

North Star Investment Management Corp. grew its stake in shares of Lincoln National Co. (NYSE:LNC) by 45.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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.

Other hedge funds also recently added to or reduced their stakes in the company. Sun Life Financial INC grew its position in Lincoln National by 20,600.0% during the second quarter. Sun Life Financial INC now owns 1,656 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 1,648 shares in the last quarter. D.A. Davidson & CO. grew its position in Lincoln National by 8.6% during the second quarter. D.A. Davidson & CO. now owns 1,726 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 136 shares in the last quarter. Valeo Financial Advisors LLC acquired a new stake in Lincoln National in the third quarter valued at approximately $171,000. Eqis Capital Management Inc. acquired a new stake in Lincoln National in the third quarter valued at approximately $227,000. Finally, Institute for Wealth Management LLC. acquired a new stake in Lincoln National in the second quarter valued at approximately $227,000. Institutional investors own 80.35% of the company’s stock.

A number of brokerages have recently weighed in on LNC. Zacks Investment Research cut shares of Lincoln National from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Morgan Stanley upped their target price on shares of Lincoln National from $77.00 to $79.00 and gave the company an “equal weight” rating in a research note on Thursday, November 2nd. Deutsche Bank started coverage on shares of Lincoln National in a research note on Tuesday, January 2nd. They set a “buy” rating and a $84.00 target price for the company. Royal Bank of Canada reiterated a “buy” rating and set a $86.00 target price 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 report on Monday, November 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. Lincoln National has an average rating of “Buy” and an average price target of $83.27.

Shares of Lincoln National Co. (NYSE LNC) opened at $83.17 on Friday. The firm has a market cap of $18,200.00, a P/E ratio of 12.98, a P/E/G ratio of 1.12 and a beta of 2.01. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.11 and a quick ratio of 0.11. Lincoln National Co. has a 52-week low of $61.45 and a 52-week high of $85.20.

Lincoln National (NYSE:LNC) last posted its earnings results on Wednesday, November 1st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.19. Lincoln National had a return on equity of 11.16% and a net margin of 10.50%. The business had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.62 billion. During the same period in the prior year, the business earned $1.89 EPS. Lincoln National’s revenue for the quarter was down .4% compared to the same quarter last year. research analysts predict that Lincoln National Co. will post 7.72 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be paid a dividend of $0.33 per share. This is a boost from Lincoln National’s previous quarterly dividend of $0.29. This represents a $1.32 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Tuesday, January 9th. Lincoln National’s dividend payout ratio (DPR) is currently 20.59%.

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Lincoln National Company 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.

Institutional Ownership by Quarter for Lincoln National (NYSE:LNC)

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