XTX Topco Ltd Invests $1.20 Million in Lincoln National Co. (NYSE:LNC)

XTX Topco Ltd acquired a new stake in Lincoln National Co. (NYSE:LNC) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 38,449 shares of the financial services provider’s stock, valued at approximately $1,196,000.

A number of other large investors have also bought and sold shares of LNC. Fifth Third Bancorp boosted its holdings in shares of Lincoln National by 1.6% in the second quarter. Fifth Third Bancorp now owns 26,341 shares of the financial services provider’s stock valued at $819,000 after buying an additional 420 shares during the period. Gateway Investment Advisers LLC boosted its stake in Lincoln National by 4.4% in the 2nd quarter. Gateway Investment Advisers LLC now owns 10,018 shares of the financial services provider’s stock worth $312,000 after purchasing an additional 426 shares during the period. Whittier Trust Co. increased its holdings in Lincoln National by 106.7% during the 2nd quarter. Whittier Trust Co. now owns 835 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 431 shares in the last quarter. National Bank of Canada FI raised its stake in shares of Lincoln National by 1.0% in the 2nd quarter. National Bank of Canada FI now owns 45,854 shares of the financial services provider’s stock valued at $1,435,000 after purchasing an additional 468 shares during the period. Finally, Cantor Fitzgerald Investment Advisors L.P. boosted its position in shares of Lincoln National by 0.6% during the second quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 84,712 shares of the financial services provider’s stock worth $2,635,000 after buying an additional 495 shares during the period. 72.81% of the stock is owned by institutional investors.

Lincoln National Stock Up 0.1 %

LNC stock opened at $31.94 on Friday. Lincoln National Co. has a 1-year low of $20.85 and a 1-year high of $36.46. The business’s 50 day simple moving average is $31.14 and its 200 day simple moving average is $30.38. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $5.43 billion, a PE ratio of 4.37, a PEG ratio of 0.29 and a beta of 1.81.

Lincoln National (NYSE:LNC) last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.84 EPS for the quarter, beating the consensus estimate of $1.77 by $0.07. The firm had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $4.65 billion. Lincoln National had a net margin of 12.24% and a return on equity of 17.13%. During the same period in the previous year, the company earned $2.02 earnings per share. As a group, research analysts anticipate that Lincoln National Co. will post 5.74 EPS for the current year.

Lincoln National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, October 10th. This represents a $1.80 annualized dividend and a yield of 5.64%. Lincoln National’s dividend payout ratio (DPR) is presently 24.62%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on LNC shares. Barclays assumed coverage on shares of Lincoln National in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $35.00 price objective on the stock. Bank of America cut their price target on shares of Lincoln National from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, July 11th. Morgan Stanley decreased their price objective on Lincoln National from $30.00 to $29.00 and set an “equal weight” rating for the company in a report on Monday, August 19th. JPMorgan Chase & Co. upped their target price on Lincoln National from $28.00 to $34.00 and gave the stock an “underweight” rating in a report on Tuesday, July 2nd. Finally, Piper Sandler raised their price target on Lincoln National from $30.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, June 28th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, Lincoln National currently has an average rating of “Hold” and a consensus price target of $32.64.

About Lincoln National

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.