42,000 Shares in Lincoln National Corporation $LNC Acquired by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. bought a new stake in shares of Lincoln National Corporation (NYSE:LNC) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 42,000 shares of the financial services provider’s stock, valued at approximately $1,694,000.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC grew its stake in shares of Lincoln National by 3.2% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 44,674 shares of the financial services provider’s stock worth $1,802,000 after purchasing an additional 1,388 shares in the last quarter. Sagespring Wealth Partners LLC acquired a new stake in Lincoln National in the third quarter worth about $215,000. Y Intercept Hong Kong Ltd grew its position in Lincoln National by 57.3% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 59,742 shares of the financial services provider’s stock valued at $2,409,000 after buying an additional 21,756 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in Lincoln National by 6.8% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 87,998 shares of the financial services provider’s stock valued at $3,549,000 after buying an additional 5,566 shares during the period. Finally, Johnson Financial Group LLC acquired a new position in Lincoln National during the 3rd quarter valued at about $222,000. Institutional investors and hedge funds own 72.81% of the company’s stock.

Insider Buying and Selling at Lincoln National

In related news, Director Owen Ryan acquired 2,000 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were purchased at an average price of $42.17 per share, for a total transaction of $84,340.00. Following the acquisition, the director owned 12,000 shares in the company, valued at approximately $506,040. This represents a 20.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John Christopher Kennedy sold 3,519 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $44.15, for a total transaction of $155,363.85. Following the sale, the executive vice president directly owned 118,985 shares of the company’s stock, valued at $5,253,187.75. This represents a 2.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.54% of the company’s stock.

Lincoln National Trading Up 0.2%

Shares of NYSE:LNC opened at $40.95 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market capitalization of $7.78 billion, a price-to-earnings ratio of 3.68, a PEG ratio of 0.43 and a beta of 1.32. Lincoln National Corporation has a 1-year low of $27.58 and a 1-year high of $46.82. The company has a 50 day moving average price of $43.14 and a 200 day moving average price of $40.86.

Lincoln National (NYSE:LNC) last posted its quarterly earnings results on Thursday, October 30th. The financial services provider reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.20. The company 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 18.77% and a net margin of 11.49%.During the same quarter in the prior year, the company earned $2.06 earnings per share. On average, research analysts anticipate that Lincoln National Corporation will post 7.69 EPS for the current fiscal year.

Lincoln National Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. TD Cowen reaffirmed a “hold” rating on shares of Lincoln National in a research note on Wednesday. UBS Group boosted their target price on Lincoln National from $42.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Wells Fargo & Company increased their price target on Lincoln National from $39.00 to $41.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. Keefe, Bruyette & Woods lifted their price target on Lincoln National from $43.00 to $44.00 and gave the company a “market perform” rating in a research report on Monday, November 3rd. Finally, National Bankshares set a $45.00 price objective on Lincoln National in a research note on Thursday, January 8th. Four equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $46.25.

Lincoln National Company Profile

Lincoln National Corporation, doing business as Lincoln Financial Group, is a diversified financial services holding company focused on providing retirement, insurance, and wealth management solutions in the United States and select international markets. Headquartered in Radnor, Pennsylvania, the company operates through several business segments, including Retirement Plan Services, Life Insurance, and Group Protection. Its offerings are designed to help individuals, families, and institutions plan and prepare for their financial futures.

The Retirement Plan Services segment delivers recordkeeping, administrative services, and investment management for defined contribution and defined benefit plans.