Lincoln National Co. (NYSE:LNC) Shares Acquired by Everence Capital Management Inc.

Everence Capital Management Inc. increased its holdings in shares of Lincoln National Co. (NYSE:LNC) by 20.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 26,790 shares of the financial services provider’s stock after buying an additional 4,550 shares during the period. Everence Capital Management Inc.’s holdings in Lincoln National were worth $723,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. First Merchants Corp acquired a new stake in shares of Lincoln National in the fourth quarter valued at approximately $269,000. Advisors Preferred LLC acquired a new stake in shares of Lincoln National in the fourth quarter valued at approximately $3,830,000. Capital Advisors Inc. OK acquired a new stake in shares of Lincoln National in the fourth quarter valued at approximately $3,102,000. Jump Financial LLC increased its stake in shares of Lincoln National by 73.7% in the third quarter. Jump Financial LLC now owns 306,565 shares of the financial services provider’s stock valued at $7,569,000 after purchasing an additional 130,047 shares during the period. Finally, Kingsview Wealth Management LLC boosted its holdings in shares of Lincoln National by 862.6% in the third quarter. Kingsview Wealth Management LLC now owns 116,724 shares of the financial services provider’s stock valued at $2,882,000 after acquiring an additional 104,598 shares in the last quarter. Institutional investors and hedge funds own 72.81% of the company’s stock.

Lincoln National Stock Performance

Shares of NYSE:LNC opened at $26.85 on Thursday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.26 and a current ratio of 0.26. Lincoln National Co. has a 52 week low of $18.50 and a 52 week high of $32.43. The firm has a 50 day simple moving average of $28.27 and a 200 day simple moving average of $26.22.

Lincoln National (NYSE:LNC) last issued its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.32 by $0.13. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $4.44 billion. Lincoln National had a negative net margin of 6.46% and a positive return on equity of 20.81%. Research analysts forecast that Lincoln National Co. will post 6.47 EPS for the current fiscal year.

Lincoln National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.70%. The ex-dividend date is Tuesday, April 9th. Lincoln National’s payout ratio is presently -36.07%.

Insider Activity at Lincoln National

In related news, Director Owen Ryan bought 10,000 shares of Lincoln National stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average price of $25.90 per share, for a total transaction of $259,000.00. Following the completion of the purchase, the director now owns 10,000 shares in the company, valued at $259,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.55% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on LNC shares. Jefferies Financial Group upgraded shares of Lincoln National from an “underperform” rating to a “hold” rating in a report on Monday, February 12th. StockNews.com upgraded shares of Lincoln National from a “sell” rating to a “hold” rating in a report on Monday. TheStreet cut shares of Lincoln National from a “c” rating to a “d+” rating in a report on Thursday, February 8th. UBS Group raised their target price on shares of Lincoln National from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, January 10th. Finally, Evercore ISI raised their target price on shares of Lincoln National from $33.00 to $35.00 and gave the stock an “in-line” rating in a report on Thursday, April 11th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $28.45.

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.