Premia Global Advisors LLC bought a new stake in Lincoln National Co. (NYSE:LNC) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,815 shares of the financial services provider’s stock, valued at approximately $216,000.
Other hedge funds also recently bought and sold shares of the company. Rowland & Co. Investment Counsel ADV acquired a new stake in shares of Lincoln National in the fourth quarter valued at about $108,000. Cerebellum GP LLC acquired a new stake in shares of Lincoln National in the fourth quarter valued at about $123,000. Resources Investment Advisors Inc. grew its stake in shares of Lincoln National by 125.0% in the fourth quarter. Resources Investment Advisors Inc. now owns 1,800 shares of the financial services provider’s stock valued at $138,000 after buying an additional 1,000 shares in the last quarter. Focused Wealth Management Inc acquired a new stake in shares of Lincoln National in the fourth quarter valued at about $169,000. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of Lincoln National in the third quarter valued at about $171,000. Institutional investors and hedge funds own 82.30% of the company’s stock.
A number of equities research analysts have recently issued reports on the company. Barclays reiterated a “buy” rating and issued a $90.00 target price on shares of Lincoln National in a research note on Tuesday, January 9th. ValuEngine upgraded Lincoln National from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 7th. Deutsche Bank initiated coverage on Lincoln National in a research note on Tuesday, January 2nd. They set a “buy” rating and a $84.00 price objective for the company. JPMorgan Chase & Co. upgraded Lincoln National from a “neutral” rating to an “overweight” rating and set a $87.00 price objective for the company in a research note on Tuesday, January 2nd. Finally, Zacks Investment Research lowered Lincoln National from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Lincoln National has a consensus rating of “Hold” and a consensus price target of $83.33.
In related news, EVP Ellen Cooper sold 7,300 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $85.01, for a total value of $620,573.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Dennis R. Glass sold 102,367 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $84.71, for a total value of $8,671,508.57. The disclosure for this sale can be found here. In the last three months, insiders sold 143,199 shares of company stock worth $12,108,644. Company insiders own 1.12% of the company’s stock.
Lincoln National Co. (NYSE:LNC) opened at $78.41 on Tuesday. The company has a market capitalization of $17,179.05, a P/E ratio of 10.12, a PEG ratio of 1.16 and a beta of 1.97. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.10 and a quick ratio of 0.10. Lincoln National Co. has a 12-month low of $61.45 and a 12-month high of $86.68.
Lincoln National (NYSE:LNC) last issued its earnings results on Wednesday, January 31st. The financial services provider reported $1.98 EPS for the quarter, topping the consensus estimate of $1.94 by $0.04. The company had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.65 billion. Lincoln National had a return on equity of 10.86% and a net margin of 14.48%. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.77 EPS. research analysts expect that Lincoln National Co. will post 8.5 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Tuesday, April 10th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Monday, April 9th. Lincoln National’s dividend payout ratio (DPR) is 14.29%.
Lincoln National announced that its Board of Directors has initiated a stock repurchase program on Friday, January 19th that authorizes the company to repurchase outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
ILLEGAL ACTIVITY WARNING: “Premia Global Advisors LLC Acquires New Holdings in Lincoln National Co. (LNC)” was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this article on another publication, it was stolen and republished in violation of United States and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.dispatchtribunal.com/2018/03/13/premia-global-advisors-llc-acquires-new-holdings-in-lincoln-national-co-lnc.html.
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.
Want to see what other hedge funds are holding LNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lincoln National Co. (NYSE:LNC).
Receive News & Ratings for Lincoln National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lincoln National and related companies with MarketBeat.com's FREE daily email newsletter.