Lincoln National Co. (NYSE:LNC) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC increased its stake in shares of Lincoln National Co. (NYSE:LNC) by 9.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,696 shares of the financial services provider’s stock after purchasing an additional 556 shares during the quarter. GAMMA Investing LLC’s holdings in Lincoln National were worth $212,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of LNC. Blue Trust Inc. increased its stake in shares of Lincoln National by 535.5% during the third quarter. Blue Trust Inc. now owns 1,074 shares of the financial services provider’s stock worth $33,000 after buying an additional 905 shares during the period. Larson Financial Group LLC increased its position in shares of Lincoln National by 95.3% in the 3rd quarter. Larson Financial Group LLC now owns 1,086 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 530 shares during the last quarter. Eastern Bank acquired a new stake in shares of Lincoln National in the 3rd quarter valued at $40,000. Meeder Asset Management Inc. purchased a new stake in shares of Lincoln National during the 3rd quarter worth $48,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Lincoln National by 67.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,044 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 821 shares in the last quarter. Hedge funds and other institutional investors own 72.81% of the company’s stock.

Lincoln National Price Performance

Lincoln National stock opened at $31.77 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.27 and a current ratio of 0.27. Lincoln National Co. has a one year low of $25.09 and a one year high of $36.98. The company has a market cap of $5.41 billion, a P/E ratio of 22.69, a price-to-earnings-growth ratio of 0.29 and a beta of 1.78. The business has a fifty day moving average of $33.64 and a two-hundred day moving average of $32.23.

Lincoln National (NYSE:LNC) last released its quarterly earnings data on Thursday, October 31st. The financial services provider reported $2.06 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.42. Lincoln National had a net margin of 2.51% and a return on equity of 18.15%. The firm had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.61 billion. During the same quarter in the previous year, the firm earned $0.23 earnings per share. The firm’s revenue was down 2.2% on a year-over-year basis. As a group, analysts predict that Lincoln National Co. will post 7.03 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 Monday, February 3rd. Investors of record on Friday, January 10th will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, January 10th. This represents a $1.80 annualized dividend and a yield of 5.67%. Lincoln National’s dividend payout ratio is presently 128.57%.

Insiders Place Their Bets

In other Lincoln National news, EVP John Christopher Kennedy sold 2,863 shares of Lincoln National stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $36.00, for a total transaction of $103,068.00. Following the completion of the transaction, the executive vice president now owns 99,644 shares in the company, valued at approximately $3,587,184. The trade was a 2.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company raised their target price on Lincoln National from $28.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Barclays lowered their price objective on shares of Lincoln National from $38.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Monday. StockNews.com raised shares of Lincoln National from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. TD Cowen raised their price target on Lincoln National from $34.00 to $37.00 and gave the stock a “hold” rating in a report on Wednesday, November 27th. Finally, Piper Sandler reduced their price objective on Lincoln National from $37.00 to $34.00 and set a “neutral” rating for the company in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $33.25.

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.