Brandywine Global Investment Management LLC Purchases 8,481 Shares of Lincoln National Co. (NYSE:LNC)

Brandywine Global Investment Management LLC raised its stake in Lincoln National Co. (NYSE:LNCGet Rating) by 4.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 183,474 shares of the financial services provider’s stock after purchasing an additional 8,481 shares during the quarter. Brandywine Global Investment Management LLC owned 0.11% of Lincoln National worth $8,581,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Waldron Private Wealth LLC lifted its position in Lincoln National by 3.9% in the second quarter. Waldron Private Wealth LLC now owns 5,385 shares of the financial services provider’s stock valued at $251,000 after purchasing an additional 203 shares during the last quarter. Affinity Wealth Management LLC increased its stake in shares of Lincoln National by 6.4% during the first quarter. Affinity Wealth Management LLC now owns 3,436 shares of the financial services provider’s stock valued at $224,000 after buying an additional 207 shares during the period. Sandy Spring Bank increased its stake in shares of Lincoln National by 8.7% during the second quarter. Sandy Spring Bank now owns 2,989 shares of the financial services provider’s stock valued at $140,000 after buying an additional 240 shares during the period. Dynamic Advisor Solutions LLC increased its stake in shares of Lincoln National by 1.5% during the second quarter. Dynamic Advisor Solutions LLC now owns 18,619 shares of the financial services provider’s stock valued at $871,000 after buying an additional 284 shares during the period. Finally, Private Advisor Group LLC increased its stake in shares of Lincoln National by 4.2% during the first quarter. Private Advisor Group LLC now owns 6,980 shares of the financial services provider’s stock valued at $456,000 after buying an additional 284 shares during the period. Institutional investors own 77.37% of the company’s stock.

Lincoln National Trading Down 0.4 %

Lincoln National stock opened at $38.74 on Thursday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 2.69. The business’s fifty day simple moving average is $44.52 and its two-hundred day simple moving average is $48.21. Lincoln National Co. has a 12 month low of $32.59 and a 12 month high of $76.40. The company has a market capitalization of $6.56 billion, a price-to-earnings ratio of -3.21 and a beta of 1.84.

Lincoln National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 1st. Shareholders of record on Tuesday, January 10th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.65%. The ex-dividend date is Monday, January 9th. Lincoln National’s dividend payout ratio (DPR) is -14.94%.

Analyst Ratings Changes

LNC has been the topic of several research analyst reports. The Goldman Sachs Group raised Lincoln National from a “neutral” rating to a “buy” rating and reduced their target price for the company from $50.00 to $46.00 in a research note on Wednesday, November 16th. Morgan Stanley cut Lincoln National from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $68.00 to $54.00 in a research note on Thursday, November 3rd. Barclays reduced their price target on Lincoln National from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 17th. Bank of America cut Lincoln National from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $78.00 to $40.00 in a research note on Friday, November 4th. Finally, Citigroup reduced their price target on Lincoln National from $53.00 to $36.00 in a research note on Wednesday, November 16th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $46.25.

Lincoln National Profile

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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 Annuities segment offers fixed, variable, and indexed variable annuities.

See Also

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

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