SG Americas Securities LLC Makes New Investment in Lincoln National Co. (NYSE:LNC)

SG Americas Securities LLC bought a new stake in Lincoln National Co. (NYSE:LNC) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 34,506 shares of the financial services provider’s stock, valued at approximately $1,094,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Blue Trust Inc. boosted its stake in Lincoln National by 535.5% in the third quarter. Blue Trust Inc. now owns 1,074 shares of the financial services provider’s stock valued at $33,000 after buying an additional 905 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Lincoln National by 95.3% in the third quarter. Larson Financial Group LLC now owns 1,086 shares of the financial services provider’s stock worth $34,000 after acquiring 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 approximately $40,000. Meeder Asset Management Inc. bought a new stake in shares of Lincoln National during the 3rd quarter valued at approximately $48,000. Finally, Venturi Wealth Management LLC increased its position in Lincoln National by 459.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,083 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 1,711 shares in the last quarter. Institutional investors own 72.81% of the company’s stock.

Lincoln National Stock Up 0.5 %

Lincoln National stock opened at $34.08 on Wednesday. The firm has a market cap of $5.81 billion, a price-to-earnings ratio of 24.34, a PEG ratio of 0.26 and a beta of 1.78. Lincoln National Co. has a 52-week low of $25.09 and a 52-week high of $36.98. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a 50 day moving average price of $32.97 and a two-hundred day moving average price of $32.34.

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

Lincoln National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be paid 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 5.28%. Lincoln National’s dividend payout ratio is currently 128.57%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Lincoln National news, EVP John Christopher Kennedy sold 2,863 shares of Lincoln National stock in a transaction 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

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.