Lincoln National Co. (NYSE:LNC) Shares Bought by BOS Asset Management LLC

BOS Asset Management LLC increased its stake in Lincoln National Co. (NYSE:LNC) by 10.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,561 shares of the financial services provider’s stock after acquiring an additional 973 shares during the period. BOS Asset Management LLC’s holdings in Lincoln National were worth $333,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Central Pacific Bank Trust Division purchased a new position in Lincoln National during the first quarter worth approximately $25,000. Whittier Trust Co. raised its position in shares of Lincoln National by 106.7% in the 2nd quarter. Whittier Trust Co. now owns 835 shares of the financial services provider’s stock worth $26,000 after buying an additional 431 shares during the period. Adirondack Trust Co. acquired a new position in Lincoln National in the second quarter valued at $31,000. Allspring Global Investments Holdings LLC grew its position in Lincoln National by 249.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,223 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 873 shares during the period. Finally, Westend Capital Management LLC acquired a new stake in Lincoln National during the first quarter worth about $40,000. 72.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Lincoln National from $28.00 to $34.00 and gave the company an “underweight” rating in a research note on Tuesday, July 2nd. 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 research note on Monday, August 19th. StockNews.com downgraded shares of Lincoln National from a “hold” rating to a “sell” rating in a research note on Thursday, October 10th. Bank of America decreased their price target on shares of Lincoln National from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Finally, Wells Fargo & Company raised their price objective on Lincoln National from $28.00 to $29.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Lincoln National currently has an average rating of “Hold” and an average price target of $33.00.

Lincoln National Price Performance

Shares of NYSE LNC opened at $33.62 on Thursday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.82. Lincoln National Co. has a fifty-two week low of $20.85 and a fifty-two week high of $36.46. The business has a 50 day moving average price of $31.02 and a two-hundred day moving average price of $30.84. The firm has a market cap of $5.72 billion, a PE ratio of 4.60, a price-to-earnings-growth ratio of 0.31 and a beta of 1.81.

Lincoln National (NYSE:LNC) last released its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.07. The business had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $4.65 billion. Lincoln National had a net margin of 12.24% and a return on equity of 17.13%. During the same quarter last year, the company earned $2.02 earnings per share. Sell-side analysts expect that Lincoln National Co. will post 5.73 earnings per share for the current fiscal year.

Lincoln National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be paid a $0.45 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.35%. Lincoln National’s dividend payout ratio (DPR) is presently 24.62%.

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.