Cwm LLC Purchases 2,788 Shares of Lincoln National Co. (NYSE:LNC)

Cwm LLC raised its position in shares of Lincoln National Co. (NYSE:LNC) by 43.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,195 shares of the financial services provider’s stock after acquiring an additional 2,788 shares during the period. Cwm LLC’s holdings in Lincoln National were worth $294,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Financial Gravity Asset Management Inc. boosted its holdings in Lincoln National by 3,930.8% during the third quarter. Financial Gravity Asset Management Inc. now owns 1,048 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 1,022 shares during the period. Brown Brothers Harriman & Co. bought a new stake in shares of Lincoln National in the fourth quarter valued at about $27,000. Transcendent Capital Group LLC bought a new stake in shares of Lincoln National in the fourth quarter valued at about $35,000. CVA Family Office LLC bought a new stake in shares of Lincoln National in the fourth quarter valued at about $37,000. Finally, FinTrust Capital Advisors LLC bought a new stake in shares of Lincoln National in the fourth quarter valued at about $38,000. 72.81% of the stock is currently owned by institutional investors.

Lincoln National Stock Performance

NYSE LNC opened at $31.97 on Friday. The firm has a market cap of $5.44 billion, a price-to-earnings ratio of 4.37, a PEG ratio of 0.25 and a beta of 1.85. The company has a 50 day moving average of $30.17 and a 200-day moving average of $28.58. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.87. Lincoln National Co. has a 1-year low of $20.85 and a 1-year high of $33.33.

Lincoln National (NYSE:LNC) last posted its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.27. The company had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.64 billion. Lincoln National had a net margin of 11.31% and a return on equity of 19.50%. On average, equities analysts forecast that Lincoln National Co. will post 6 earnings per share for the current fiscal year.

Lincoln National Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 5.63%. The ex-dividend date is Wednesday, July 10th. Lincoln National’s payout ratio is 24.62%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LNC. Jefferies Financial Group upgraded shares of Lincoln National from a “hold” rating to a “buy” rating and increased their target price for the company from $26.00 to $34.00 in a research note on Wednesday, May 22nd. StockNews.com upgraded shares of Lincoln National from a “sell” rating to a “hold” rating in a research note on Monday, April 15th. Piper Sandler dropped their price target on shares of Lincoln National from $32.00 to $30.00 and set a “neutral” rating for the company in a research report on Monday, May 6th. Keefe, Bruyette & Woods increased their price target on shares of Lincoln National from $30.00 to $32.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 10th. Finally, Wells Fargo & Company dropped their price target on shares of Lincoln National from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday, May 10th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $29.90.

Insider Transactions at Lincoln National

In related news, EVP Sean Woodroffe sold 55,127 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $32.57, for a total value of $1,795,486.39. Following the completion of the sale, the executive vice president now owns 198,255 shares of the company’s stock, valued at $6,457,165.35. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.54% of the company’s stock.

Lincoln National Company Profile

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.