1 week Ago By Defense World Staff
Franklin Resources Inc. grew its position in shares of Lincoln National Co. (NYSE:LNC – Free Report) by 6.
1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 101,511 shares of the financial services provider’s stock after purchasing an additional 5,834 shares during the period. Franklin Resources Inc.
owned about 0.06% of Lincoln National worth $3,219,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors have also recently modified their holdings of the company.
M Holdings Securities Inc. bought a new stake in Lincoln National in the 4th quarter worth approximately $29,000. SBI Securities Co.
Ltd. bought a new stake in shares of Lincoln National in the 4th quarter worth approximately $36,000. Hillsdale Investment Management Inc.
boosted its stake in shares of Lincoln National by 30.4% in the 4th 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. Crews Bank & Trust purchased a new position in Lincoln National in the 4th quarter worth $51,000. Finally, Versant Capital Management Inc raised its position in Lincoln National by 20.
2% in the 4th quarter. Versant Capital Management Inc now owns 2,104 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 354 shares during the period. 72.
81% of the stock is currently owned by hedge funds and other institutional investors. Lincoln National Trading Down 0.9 %NYSE:LNC opened at $29.
52 on Friday. The company has a 50-day moving average price of $35.85 and a 200-day moving average price of $34.
08. The stock has a market cap of $5.03 billion, a price-to-earnings ratio of 1.
61, a P/E/G ratio of 0.30 and a beta of 1.56.
The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.
80. Lincoln National Co. has a 12 month low of $25.
80 and a 12 month high of $39.85. Lincoln National (NYSE:LNC – Get Free Report) last issued its quarterly earnings data on Thursday, February 6th.
The financial services provider reported $1.91 EPS for the quarter, topping the consensus estimate of $1.87 by $0.
04. Lincoln National had a net margin of 17.76% and a return on equity of 18.
47%. Equities analysts predict that Lincoln National Co. will post 7.
69 EPS for the current year. Lincoln National Dividend AnnouncementThe company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a $0.
45 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.
80 annualized dividend and a yield of 6.10%. Lincoln National’s payout ratio is 9.
79%. Wall Street Analysts Forecast GrowthA number of research analysts have recently issued reports on LNC shares. Keefe, Bruyette & Woods reduced their price objective on Lincoln National from $40.
00 to $38.00 and set a “market perform” rating on the stock in a research note on Wednesday. Morgan Stanley decreased their price target on Lincoln National from $42.
00 to $32.00 and set an “equal weight” rating on the stock in a research note on Thursday. Wells Fargo & Company dropped their price objective on Lincoln National from $36.
00 to $31.00 and set an “equal weight” rating for the company in a research note on Thursday. Barclays raised their target price on shares of Lincoln National from $36.
00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Finally, Evercore ISI upped their price target on shares of Lincoln National from $41.
00 to $44.00 and gave the company an “in-line” rating in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company.
Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $35.91.
View Our Latest Report on LNCLincoln National 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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