Natixis Advisors LLC Increases Stock Position in Lincoln National Co. (NYSE:LNC)

Natixis Advisors LLC raised its position in Lincoln National Co. (NYSE:LNC) by 53.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,957 shares of the financial services provider’s stock after buying an additional 16,648 shares during the period. Natixis Advisors LLC’s holdings in Lincoln National were worth $1,521,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Larson Financial Group LLC increased its stake 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 in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Lincoln National in the fourth quarter valued at approximately $36,000. Crews Bank & Trust acquired a new position in shares of Lincoln National during the 4th quarter worth approximately $51,000. Versant Capital Management Inc lifted its position in shares of Lincoln National by 20.2% during the 4th quarter. Versant Capital Management Inc now owns 2,104 shares of the financial services provider’s stock valued at $67,000 after buying an additional 354 shares in the last quarter. Finally, Westend Capital Management LLC grew its stake in Lincoln National by 121.7% in the 4th quarter. Westend Capital Management LLC now owns 2,323 shares of the financial services provider’s stock valued at $74,000 after acquiring an additional 1,275 shares during the period. Institutional investors and hedge funds own 72.81% of the company’s stock.

Wall Street Analyst Weigh In

LNC has been the topic of several research analyst reports. TD Cowen lifted their target price on shares of Lincoln National from $34.00 to $37.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. Barclays boosted their price objective on Lincoln National from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. Keefe, Bruyette & Woods raised their target price on Lincoln National from $37.00 to $40.00 and gave the company a “market perform” rating in a research report on Wednesday, February 12th. Wells Fargo & Company boosted their price target on Lincoln National from $28.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. Finally, Evercore ISI raised their price objective on Lincoln National from $41.00 to $44.00 and gave the company an “in-line” rating in a report on Wednesday, February 19th. 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 stock. According to MarketBeat.com, Lincoln National currently has an average rating of “Hold” and an average target price of $37.40.

Lincoln National Stock Up 4.1 %

NYSE LNC opened at $37.38 on Tuesday. The business’s fifty day simple moving average is $35.94 and its 200-day simple moving average is $33.79. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.80. The firm has a market cap of $6.37 billion, a PE ratio of 2.03, a P/E/G ratio of 0.30 and a beta of 1.76. Lincoln National Co. has a 52 week low of $25.80 and a 52 week high of $39.85.

Lincoln National (NYSE:LNC) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.04. Lincoln National had a net margin of 17.76% and a return on equity of 18.47%. As a group, equities analysts anticipate that Lincoln National Co. will post 7.69 earnings per share for the current year.

Lincoln National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a $0.45 dividend. The ex-dividend date is Thursday, April 10th. This represents a $1.80 annualized dividend and a yield of 4.82%. Lincoln National’s payout ratio is 9.79%.

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.