Lincoln National Co. (NYSE:LNC) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its position in shares of Lincoln National Co. (NYSE:LNC) by 19.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 64,658 shares of the financial services provider’s stock after buying an additional 10,560 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Lincoln National were worth $2,050,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LNC. Principal Financial Group Inc. increased its stake in shares of Lincoln National by 7.2% in the 3rd quarter. Principal Financial Group Inc. now owns 3,309,453 shares of the financial services provider’s stock valued at $104,281,000 after purchasing an additional 223,129 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Lincoln National by 2.9% in the second quarter. The Manufacturers Life Insurance Company now owns 40,271 shares of the financial services provider’s stock valued at $1,252,000 after purchasing an additional 1,121 shares during the period. Mackenzie Financial Corp purchased a new stake in shares of Lincoln National in the second quarter valued at approximately $1,548,000. Range Financial Group LLC purchased a new position in shares of Lincoln National during the 4th quarter valued at approximately $1,075,000. Finally, Geode Capital Management LLC grew its stake in Lincoln National by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,373,487 shares of the financial services provider’s stock valued at $106,322,000 after acquiring an additional 152,622 shares during the period. Hedge funds and other institutional investors own 72.81% of the company’s stock.

Insider Activity

In other news, EVP John Christopher Kennedy sold 2,863 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $36.00, for a total value of $103,068.00. Following the sale, the executive vice president now directly owns 99,644 shares of the company’s stock, valued at approximately $3,587,184. The trade was a 2.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Lincoln National Trading Down 0.6 %

Shares of LNC stock opened at $33.28 on Monday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.73. Lincoln National Co. has a twelve month low of $25.09 and a twelve month high of $36.98. The company’s 50-day moving average price is $33.00 and its 200-day moving average price is $32.32. The stock has a market cap of $5.67 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 0.26 and a beta of 1.78.

Lincoln National (NYSE:LNC) last posted its earnings results on Thursday, October 31st. The financial services provider reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.42. The company had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.61 billion. Lincoln National had a net margin of 2.51% and a return on equity of 18.15%. Lincoln National’s revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.23 EPS. As a group, equities analysts predict that Lincoln National Co. will post 6.97 earnings per share for the current year.

Lincoln National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be given a $0.45 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.80 dividend on an annualized basis and a yield of 5.41%. Lincoln National’s dividend payout ratio is currently 128.57%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on LNC shares. StockNews.com upgraded shares of Lincoln National from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Piper Sandler decreased their price target on shares of Lincoln National from $37.00 to $34.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 2nd. Wells Fargo & Company cut their price objective on Lincoln National from $29.00 to $28.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Barclays decreased their target price on Lincoln National from $38.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Finally, TD Cowen boosted their price target on Lincoln National from $34.00 to $37.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $33.40.

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.