2 weeks Ago By ABMN Staff
American Century Companies Inc. grew its holdings in shares of Lincoln National Co. ( NYSE:LNC – Free Report ) by 9.
1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,844 shares of the financial services provider’s stock after buying an additional 3,821 shares during the quarter. American Century Companies Inc.
’s holdings in Lincoln National were worth $1,426,000 at the end of the most recent reporting period. A number of other institutional investors have also recently made changes to their positions in the business. Central Pacific Bank Trust Division purchased a new stake in shares of Lincoln National in the first quarter valued at $25,000.
Whittier Trust Co. raised its position in Lincoln National by 106.7% in the 2nd quarter.
Whittier Trust Co. now owns 835 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 431 shares during the period. Brown Brothers Harriman & Co.
bought a new stake in Lincoln National in the fourth quarter worth about $27,000. Adirondack Trust Co. purchased a new position in shares of Lincoln National during the second quarter valued at approximately $31,000.
Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Lincoln National by 249.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,223 shares of the financial services provider’s stock valued at $39,000 after buying an additional 873 shares during the last quarter.
Institutional investors own 72.81% of the company’s stock. Lincoln National Stock Up 0.
0 % Shares of Lincoln National stock opened at $31.42 on Monday. Lincoln National Co.
has a 52-week low of $20.85 and a 52-week high of $36.46.
The firm’s 50 day moving average price is $31.02 and its 200-day moving average price is $30.63.
The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.
82. The company has a market cap of $5.34 billion, a P/E ratio of 4.
30, a PEG ratio of 0.31 and a beta of 1.81.
Lincoln National Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be paid a dividend of $0.45 per share.
The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.
73%. Lincoln National’s payout ratio is 24.62%.
Wall Street Analyst Weigh In A number of analysts have recently issued reports on LNC shares. Barclays began coverage on shares of Lincoln National in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $35.
00 target price for the company. JPMorgan Chase & Co. lifted their price target on shares of Lincoln National from $28.
00 to $34.00 and gave the company an “underweight” rating in a research note on Tuesday, July 2nd. Piper Sandler increased their price objective on Lincoln National from $30.
00 to $34.00 and gave the stock a “neutral” rating in a research note on Friday, June 28th. Jefferies Financial Group lifted their target price on Lincoln National from $34.
00 to $38.00 and gave the company a “buy” rating in a research report on Friday, June 28th. Finally, Bank of America dropped their price target on Lincoln National from $32.
00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock.
According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $32.64.
Get Our Latest Report on LNC Lincoln National Company Profile ( Free Report ) 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.
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