Impact Partnership Wealth LLC Has $214,000 Stock Holdings in Lincoln National Co. (NYSE:LNC)

Impact Partnership Wealth LLC decreased its holdings in shares of Lincoln National Co. (NYSE:LNC) by 11.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,868 shares of the financial services provider’s stock after selling 911 shares during the period. Impact Partnership Wealth LLC’s holdings in Lincoln National were worth $214,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. TD Asset Management Inc raised its holdings in Lincoln National by 155.9% during the second quarter. TD Asset Management Inc now owns 58,100 shares of the financial services provider’s stock worth $1,807,000 after buying an additional 35,400 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Lincoln National by 488.6% in the second quarter. Farther Finance Advisors LLC now owns 11,089 shares of the financial services provider’s stock valued at $347,000 after purchasing an additional 9,205 shares during the last quarter. Concurrent Investment Advisors LLC raised its holdings in shares of Lincoln National by 4.2% in the second quarter. Concurrent Investment Advisors LLC now owns 15,750 shares of the financial services provider’s stock valued at $490,000 after purchasing an additional 640 shares during the last quarter. Rothschild Investment LLC purchased a new stake in shares of Lincoln National in the second quarter valued at about $202,000. Finally, Jaffetilchin Investment Partners LLC raised its holdings in shares of Lincoln National by 5.1% in the second quarter. Jaffetilchin Investment Partners LLC now owns 20,241 shares of the financial services provider’s stock valued at $629,000 after purchasing an additional 984 shares during the last quarter. Institutional investors and hedge funds own 72.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on LNC shares. Bank of America lowered their target price on shares of Lincoln National from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. Piper Sandler raised their price objective on shares of Lincoln National from $30.00 to $34.00 and gave the stock a “neutral” rating in a report on Friday, June 28th. Jefferies Financial Group raised their price objective on shares of Lincoln National from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, June 28th. Morgan Stanley decreased their price objective on shares of Lincoln National from $30.00 to $29.00 and set an “equal weight” rating for the company in a report on Monday, August 19th. Finally, Wells Fargo & Company decreased their price objective on shares of Lincoln National from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Friday, May 10th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $32.64.

Lincoln National Price Performance

Shares of NYSE:LNC opened at $31.22 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $5.31 billion, a PE ratio of 4.27, a P/E/G ratio of 0.33 and a beta of 1.84. Lincoln National Co. has a twelve month low of $20.85 and a twelve month high of $36.46. The company has a 50-day moving average price of $31.45 and a two-hundred day moving average price of $30.21.

Lincoln National (NYSE:LNC) last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.07. Lincoln National had a net margin of 12.24% and a return on equity of 17.13%. The company had revenue of $5.15 billion during the quarter, compared to analyst estimates of $4.65 billion. During the same period last year, the business earned $2.02 earnings per share. Equities analysts forecast that Lincoln National Co. will post 5.74 EPS for the current year.

Lincoln National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date of this dividend is Thursday, October 10th. Lincoln National’s dividend payout ratio is currently 24.62%.

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.