iSAM Funds UK Ltd Has $776,000 Position in Lincoln National Co. (NYSE:LNC)

iSAM Funds UK Ltd grew its holdings in Lincoln National Co. (NYSE:LNC) by 105.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,467 shares of the financial services provider’s stock after purchasing an additional 12,545 shares during the quarter. iSAM Funds UK Ltd’s holdings in Lincoln National were worth $776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of Lincoln National by 14.4% in the 4th quarter. JPMorgan Chase & Co. now owns 330,755 shares of the financial services provider’s stock valued at $10,488,000 after purchasing an additional 41,533 shares during the period. National Bank of Canada FI lifted its stake in shares of Lincoln National by 20,127.5% in the 4th quarter. National Bank of Canada FI now owns 316,965 shares of the financial services provider’s stock valued at $10,051,000 after purchasing an additional 315,398 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of Lincoln National by 19.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 64,658 shares of the financial services provider’s stock valued at $2,050,000 after purchasing an additional 10,560 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Lincoln National in the 4th quarter valued at about $1,050,000. Finally, Amundi lifted its stake in shares of Lincoln National by 92.0% in the 4th quarter. Amundi now owns 119,294 shares of the financial services provider’s stock valued at $3,747,000 after purchasing an additional 57,152 shares during the period. 72.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on LNC shares. Wells Fargo & Company dropped their price objective on Lincoln National from $36.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 10th. Piper Sandler dropped their price target on Lincoln National from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, May 9th. UBS Group upped their price target on Lincoln National from $32.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 2nd. Morgan Stanley upped their price target on Lincoln National from $32.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Monday. Finally, Barclays upped their price target on Lincoln National from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, May 9th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Lincoln National has an average rating of “Hold” and a consensus target price of $36.82.

Lincoln National Trading Down 0.5%

NYSE LNC opened at $34.26 on Tuesday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $5.85 billion, a P/E ratio of 1.86, a PEG ratio of 0.30 and a beta of 1.42. The business has a fifty day simple moving average of $33.31 and a 200 day simple moving average of $34.09. Lincoln National Co. has a 12 month low of $27.58 and a 12 month high of $39.85.

Lincoln National (NYSE:LNC) last issued its quarterly earnings results on Thursday, May 8th. The financial services provider reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.06. The company had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.71 billion. Lincoln National had a net margin of 17.76% and a return on equity of 18.47%. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 EPS. On average, analysts predict that Lincoln National Co. will post 7.69 EPS for the current fiscal year.

Lincoln National Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date was Thursday, April 10th. Lincoln National’s dividend payout ratio (DPR) is currently 25.57%.

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.