Wealthcare Advisory Partners LLC Purchases 6,528 Shares of Lincoln National Co. (NYSE:LNC)

Wealthcare Advisory Partners LLC increased its position in shares of Lincoln National Co. (NYSE:LNC) by 33.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,088 shares of the financial services provider’s stock after purchasing an additional 6,528 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Lincoln National were worth $833,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of LNC. Financial Gravity Asset Management Inc. increased its holdings in Lincoln National by 3,930.8% in the 3rd 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 last quarter. Brown Brothers Harriman & Co. bought a new stake in Lincoln National in the 4th quarter valued at $27,000. Transcendent Capital Group LLC bought a new stake in Lincoln National in the 4th quarter valued at $35,000. CVA Family Office LLC bought a new stake in Lincoln National in the 4th quarter valued at $37,000. Finally, FinTrust Capital Advisors LLC bought a new stake in Lincoln National in the 4th quarter valued at $38,000. 72.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Lincoln National news, EVP Sean Woodroffe sold 55,127 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 198,255 shares in the company, valued at approximately $6,457,165.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LNC. JPMorgan Chase & Co. lifted their price target on shares of Lincoln National from $26.00 to $29.00 and gave the company an “underweight” rating in a report on Tuesday, April 2nd. Wells Fargo & Company dropped their price objective on shares of Lincoln National from $28.00 to $27.00 and set an “equal weight” rating for the company in a research note on Friday, May 10th. Evercore ISI lifted their price objective on shares of Lincoln National from $33.00 to $35.00 and gave the stock an “in-line” rating in a research note on Thursday, April 11th. Keefe, Bruyette & Woods lifted their price objective on shares of Lincoln National from $30.00 to $32.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 10th. Finally, StockNews.com raised shares of Lincoln National from a “sell” rating to a “hold” rating in a research note on Monday, April 15th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $30.70.

Lincoln National Price Performance

LNC stock opened at $31.07 on Friday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.87. The stock has a market cap of $5.28 billion, a PE ratio of 4.25, a P/E/G ratio of 0.25 and a beta of 1.85. The company has a 50-day moving average price of $30.59 and a 200 day moving average price of $28.80. Lincoln National Co. has a 12 month low of $20.85 and a 12 month high of $33.33.

Lincoln National (NYSE:LNC) last issued its earnings results on Thursday, May 2nd. The financial services provider reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.27. The business had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.64 billion. Lincoln National had a net margin of 11.31% and a return on equity of 19.50%. Equities research analysts anticipate that Lincoln National Co. will post 6 earnings per share for the current year.

Lincoln National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $1.80 dividend on an annualized basis and a yield of 5.79%. Lincoln National’s dividend payout ratio is currently 24.62%.

Lincoln National 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.