Prospera Financial Services Inc Has $679,000 Position in Lincoln National Corporation $LNC

Prospera Financial Services Inc grew its holdings in Lincoln National Corporation (NYSE:LNC) by 18.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,634 shares of the financial services provider’s stock after buying an additional 3,014 shares during the quarter. Prospera Financial Services Inc’s holdings in Lincoln National were worth $679,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in Lincoln National by 7.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,084,433 shares of the financial services provider’s stock worth $110,753,000 after acquiring an additional 208,114 shares during the last quarter. Northern Trust Corp raised its stake in shares of Lincoln National by 6.1% in the first quarter. Northern Trust Corp now owns 2,566,274 shares of the financial services provider’s stock worth $92,155,000 after acquiring an additional 146,667 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Lincoln National by 84.5% during the first quarter. AQR Capital Management LLC now owns 2,041,928 shares of the financial services provider’s stock worth $72,039,000 after purchasing an additional 935,225 shares in the last quarter. Invesco Ltd. grew its stake in shares of Lincoln National by 0.4% during the first quarter. Invesco Ltd. now owns 1,597,913 shares of the financial services provider’s stock valued at $57,381,000 after purchasing an additional 5,936 shares during the last quarter. Finally, Jennison Associates LLC acquired a new stake in shares of Lincoln National in the second quarter valued at approximately $43,686,000. 72.81% of the stock is owned by institutional investors.

Lincoln National Trading Down 1.7%

NYSE LNC opened at $41.10 on Friday. Lincoln National Corporation has a 12 month low of $27.58 and a 12 month high of $43.66. The stock has a 50-day simple moving average of $40.43 and a 200 day simple moving average of $37.29. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $7.81 billion, a PE ratio of 7.17, a P/E/G ratio of 0.50 and a beta of 1.49.

Lincoln National (NYSE:LNC) last issued its earnings results on Thursday, October 30th. The financial services provider reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.20. The firm had revenue of $4.56 billion for the quarter, compared to analysts’ expectations of $4.80 billion. Lincoln National had a return on equity of 19.14% and a net margin of 6.34%.During the same quarter last year, the business earned $2.06 earnings per share. Research analysts forecast that Lincoln National Corporation will post 7.69 EPS for the current year.

Lincoln National Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, January 12th will be issued a dividend of $0.45 per share. The ex-dividend date is Monday, January 12th. This represents a $1.80 dividend on an annualized basis and a yield of 4.4%. Lincoln National’s payout ratio is currently 16.16%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LNC. National Bankshares set a $44.00 price objective on Lincoln National in a report on Monday, November 3rd. Keefe, Bruyette & Woods upped their price target on Lincoln National from $43.00 to $44.00 and gave the company a “market perform” rating in a research note on Monday, November 3rd. Piper Sandler reiterated a “neutral” rating and issued a $42.00 price target on shares of Lincoln National in a report on Tuesday, October 7th. Cfra Research upgraded Lincoln National to a “hold” rating in a research report on Wednesday, August 6th. Finally, Zacks Research upgraded shares of Lincoln National from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Lincoln National currently has a consensus rating of “Hold” and a consensus price target of $42.82.

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.