Lincoln National Co. (NYSE:LNC) Shares Bought by EP Wealth Advisors LLC

EP Wealth Advisors LLC grew its holdings in Lincoln National Co. (NYSE:LNC) by 16.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,539 shares of the financial services provider’s stock after purchasing an additional 1,507 shares during the period. EP Wealth Advisors LLC’s holdings in Lincoln National were worth $334,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. HighPoint Advisor Group LLC lifted its holdings in shares of Lincoln National by 3.2% in the fourth quarter. HighPoint Advisor Group LLC now owns 8,460 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 262 shares in the last quarter. Forvis Mazars Wealth Advisors LLC lifted its holdings in shares of Lincoln National by 3.1% in the fourth quarter. Forvis Mazars Wealth Advisors LLC now owns 11,199 shares of the financial services provider’s stock valued at $355,000 after purchasing an additional 338 shares in the last quarter. Roman Butler Fullerton & Co. lifted its holdings in shares of Lincoln National by 5.5% in the fourth quarter. Roman Butler Fullerton & Co. now owns 6,610 shares of the financial services provider’s stock valued at $224,000 after purchasing an additional 343 shares in the last quarter. Hillsdale Investment Management Inc. lifted its holdings in shares of Lincoln National by 30.4% in the fourth quarter. Hillsdale Investment Management Inc. now owns 1,500 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 350 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of Lincoln National by 0.9% in the fourth quarter. Arizona State Retirement System now owns 49,394 shares of the financial services provider’s stock valued at $1,566,000 after purchasing an additional 436 shares in the last quarter. Hedge funds and other institutional investors own 72.81% of the company’s stock.

Lincoln National Price Performance

Shares of NYSE:LNC opened at $34.99 on Tuesday. Lincoln National Co. has a fifty-two week low of $27.58 and a fifty-two week high of $39.85. The business has a 50-day moving average of $33.36 and a two-hundred day moving average of $34.05. The stock has a market capitalization of $5.97 billion, a P/E ratio of 1.90, a P/E/G ratio of 0.30 and a beta of 1.42. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.27 and a quick ratio of 0.27.

Lincoln National (NYSE:LNC) last announced 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. Lincoln National had a return on equity of 18.47% and a net margin of 17.76%. The company had revenue of $4.69 billion during the quarter, compared to analysts’ expectations of $4.71 billion. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. On average, equities research analysts predict that Lincoln National Co. will post 7.69 EPS for the current fiscal year.

Lincoln National Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.14%. Lincoln National’s payout ratio is presently 25.57%.

Analyst Upgrades and Downgrades

LNC has been the subject of a number of research analyst reports. Piper Sandler reduced their target price on Lincoln National from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Friday. StockNews.com lowered Lincoln National from a “hold” rating to a “sell” rating in a report on Monday. Morgan Stanley cut their price objective on Lincoln National from $42.00 to $32.00 and set an “equal weight” rating for the company in a report on Thursday, April 10th. Wells Fargo & Company cut their price objective on Lincoln National from $36.00 to $31.00 and set an “equal weight” rating for the company in a report on Thursday, April 10th. Finally, Evercore ISI increased their price objective on Lincoln National from $41.00 to $44.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $36.27.

Lincoln National Company 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.