7,247 Shares in Lincoln National Co. (NYSE:LNC) Acquired by MQS Management LLC

MQS Management LLC bought a new position in Lincoln National Co. (NYSE:LNC) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 7,247 shares of the financial services provider’s stock, valued at approximately $228,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in LNC. Massachusetts Financial Services Co. MA bought a new stake in shares of Lincoln National in the 2nd quarter worth approximately $142,148,000. Principal Financial Group Inc. raised its holdings in shares of Lincoln National by 59.2% during the second quarter. Principal Financial Group Inc. now owns 3,086,324 shares of the financial services provider’s stock valued at $95,985,000 after acquiring an additional 1,147,896 shares during the period. International Assets Investment Management LLC lifted its position in shares of Lincoln National by 3,488.2% in the 3rd quarter. International Assets Investment Management LLC now owns 966,379 shares of the financial services provider’s stock valued at $30,669,000 after acquiring an additional 939,447 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new stake in shares of Lincoln National in the 1st quarter valued at approximately $28,649,000. Finally, AQR Capital Management LLC lifted its position in shares of Lincoln National by 49.5% in the 2nd quarter. AQR Capital Management LLC now owns 2,150,863 shares of the financial services provider’s stock valued at $66,892,000 after acquiring an additional 711,951 shares in the last quarter. 72.81% of the stock is currently owned by institutional investors.

Insider Transactions at Lincoln National

In related news, EVP John Christopher Kennedy sold 2,863 shares of the firm’s 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 transaction, the executive vice president now directly owns 99,644 shares in the company, valued at approximately $3,587,184. This trade represents a 2.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.54% of the stock is currently owned by company insiders.

Lincoln National Stock Performance

Shares of LNC opened at $35.35 on Friday. The company’s fifty day moving average is $32.35 and its 200-day moving average is $31.59. Lincoln National Co. has a 12 month low of $23.14 and a 12 month high of $36.98. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of 25.25, a price-to-earnings-growth ratio of 0.31 and a beta of 1.79. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.73.

Lincoln National (NYSE:LNC) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $2.06 EPS for the quarter, topping the consensus estimate of $1.64 by $0.42. Lincoln National had a net margin of 2.51% and a return on equity of 18.15%. The company had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.61 billion. During the same quarter in the prior year, the business posted $0.23 EPS. Lincoln National’s quarterly revenue was down 2.2% on a year-over-year basis. Equities analysts expect that Lincoln National Co. will post 6.53 EPS for the current fiscal year.

Lincoln National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders 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 dividend yield of 5.09%. Lincoln National’s dividend payout ratio (DPR) is 128.57%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on LNC shares. Piper Sandler reduced their price target on shares of Lincoln National from $37.00 to $34.00 and set a “neutral” rating for the company in a research report on Wednesday, October 2nd. Wells Fargo & Company upped their price target on shares of Lincoln National from $28.00 to $29.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. TD Cowen started coverage on shares of Lincoln National in a research report on Wednesday, October 9th. They issued a “hold” rating and a $34.00 price target for the company. Barclays upped their price target on shares of Lincoln National from $35.00 to $36.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Finally, Morgan Stanley reduced their price target on shares of Lincoln National from $30.00 to $29.00 and set an “equal weight” rating for the company in a research report on Monday, August 19th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $33.00.

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.