Smith Graham & Co. Investment Advisors LP boosted its position in Lincoln National Co. (NYSE:LNC) by 5.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 106,503 shares of the financial services provider’s stock after purchasing an additional 5,700 shares during the quarter. Smith Graham & Co. Investment Advisors LP’s holdings in Lincoln National were worth $8,187,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. Zurich Insurance Group Ltd FI acquired a new position in Lincoln National during the 2nd quarter valued at about $1,759,000. First Merchants Corp acquired a new position in Lincoln National during the 3rd quarter valued at about $735,000. Csenge Advisory Group acquired a new position in Lincoln National during the 3rd quarter valued at about $272,000. Twin Capital Management Inc. increased its stake in Lincoln National by 8.5% during the 3rd quarter. Twin Capital Management Inc. now owns 201,505 shares of the financial services provider’s stock valued at $14,806,000 after buying an additional 15,803 shares during the period. Finally, Denali Advisors LLC increased its stake in Lincoln National by 155.1% during the 3rd quarter. Denali Advisors LLC now owns 172,700 shares of the financial services provider’s stock valued at $12,690,000 after buying an additional 105,000 shares during the period. Hedge funds and other institutional investors own 80.32% of the company’s stock.
LNC has been the topic of several research analyst reports. 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 lifted their price objective on shares of Lincoln National from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 5th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $83.00 price objective on shares of Lincoln National in a research note on Tuesday, October 10th. Goldman Sachs Group started coverage on shares of Lincoln National in a research note on Wednesday, October 18th. They issued a “sell” rating and a $71.00 price objective on the stock. Finally, B. Riley reaffirmed 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 assigned a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $83.27.
Lincoln National Co. (NYSE LNC) opened at $83.35 on Tuesday. The stock has a market cap of $18,200.04, a P/E ratio of 13.04, a PEG ratio of 1.12 and a beta of 2.01. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.30. Lincoln National Co. has a 52 week low of $61.45 and a 52 week high of $85.20.
Lincoln National (NYSE:LNC) last announced its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.84 by $0.19. Lincoln National had a net margin of 10.50% and a return on equity of 11.16%. The company had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.62 billion. During the same quarter in the previous year, the company posted $1.89 EPS. The business’s revenue was down .4% compared to the same quarter last year. research analysts expect that Lincoln National Co. will post 7.72 earnings per share for the current fiscal year.
Lincoln National declared that its Board of Directors has approved a stock repurchase program on Friday, January 19th that permits the company to repurchase shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.58%. This is a boost from Lincoln National’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, January 9th. Lincoln National’s dividend payout ratio (DPR) is presently 20.66%.
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About Lincoln National
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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