Nomura Asset Management Co. Ltd. lifted its position in shares of Lincoln National Co. (NYSE:LNC) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,568 shares of the financial services provider’s stock after purchasing an additional 1,075 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Lincoln National were worth $2,031,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northern Trust Corp raised its holdings in Lincoln National by 1.5% in the fourth quarter. Northern Trust Corp now owns 2,843,419 shares of the financial services provider’s stock valued at $145,896,000 after acquiring an additional 40,857 shares in the last quarter. Blueshift Asset Management LLC acquired a new stake in Lincoln National in the fourth quarter valued at $1,268,000. Burney Co. raised its holdings in Lincoln National by 14.8% in the fourth quarter. Burney Co. now owns 10,416 shares of the financial services provider’s stock valued at $534,000 after acquiring an additional 1,345 shares in the last quarter. Premier Fund Managers Ltd raised its holdings in Lincoln National by 9.6% in the fourth quarter. Premier Fund Managers Ltd now owns 71,392 shares of the financial services provider’s stock valued at $3,641,000 after acquiring an additional 6,243 shares in the last quarter. Finally, Accident Compensation Corp acquired a new stake in Lincoln National in the fourth quarter valued at $729,000. 78.96% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently issued reports on LNC shares. Wells Fargo & Co started coverage on shares of Lincoln National in a report on Tuesday, January 8th. They issued a “market perform” rating and a $63.00 price target on the stock. Zacks Investment Research cut shares of Lincoln National from a “hold” rating to a “sell” rating in a report on Wednesday, January 23rd. Finally, ValuEngine cut shares of Lincoln National from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 11th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. Lincoln National currently has an average rating of “Hold” and an average price target of $74.69.

LNC stock opened at $61.74 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.19 and a quick ratio of 0.19. Lincoln National Co. has a 1-year low of $48.07 and a 1-year high of $78.35. The firm has a market cap of $12.52 billion, a price-to-earnings ratio of 7.28, a price-to-earnings-growth ratio of 0.74 and a beta of 1.93.

Lincoln National (NYSE:LNC) last released its earnings results on Wednesday, February 6th. The financial services provider reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.02. Lincoln National had a net margin of 9.92% and a return on equity of 12.41%. The firm had revenue of $4.39 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same quarter in the previous year, the firm earned $1.98 earnings per share. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. Equities research analysts predict that Lincoln National Co. will post 9.16 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.48 annualized dividend and a yield of 2.40%. Lincoln National’s payout ratio is 17.45%.

In other news, EVP Jamie Ohl sold 7,263 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $61.70, for a total transaction of $448,127.10. Following the completion of the transaction, the executive vice president now owns 23,159 shares in the company, valued at $1,428,910.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dennis R. Glass sold 10,000 shares of the company’s stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $60.49, for a total transaction of $604,900.00. The disclosure for this sale can be found here. 6.31% of the stock is owned by insiders.

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Lincoln National Company Profile

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The company sells a range of wealth protection, accumulation, and retirement income products and solutions.

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Institutional Ownership by Quarter for Lincoln National (NYSE:LNC)

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