GAMMA Investing LLC Has $193,000 Position in Lincoln National Co. (NYSE:LNC)

GAMMA Investing LLC trimmed its position in Lincoln National Co. (NYSE:LNC) by 7.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,140 shares of the financial services provider’s stock after selling 467 shares during the quarter. GAMMA Investing LLC’s holdings in Lincoln National were worth $193,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP lifted its position in shares of Lincoln National by 1,032.2% during the 4th quarter. GSA Capital Partners LLP now owns 105,777 shares of the financial services provider’s stock valued at $2,853,000 after acquiring an additional 96,434 shares during the period. Abel Hall LLC acquired a new stake in Lincoln National during the fourth quarter worth about $307,000. Transcendent Capital Group LLC bought a new position in Lincoln National in the 4th quarter valued at about $35,000. Vanguard Group Inc. raised its position in shares of Lincoln National by 5.3% in the 4th quarter. Vanguard Group Inc. now owns 21,688,670 shares of the financial services provider’s stock valued at $584,943,000 after buying an additional 1,094,789 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of Lincoln National during the 4th quarter worth approximately $1,897,000. Institutional investors own 72.81% of the company’s stock.

Lincoln National Trading Up 3.2 %

LNC opened at $32.44 on Friday. 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 stock has a market cap of $5.52 billion, a PE ratio of 3.42, a price-to-earnings-growth ratio of 0.31 and a beta of 1.81. The company has a fifty day moving average of $30.77 and a 200-day moving average of $30.81. Lincoln National Co. has a twelve month low of $20.85 and a twelve month high of $36.46.

Lincoln National (NYSE:LNC) last posted its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.07. The firm had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $4.65 billion. Lincoln National had a return on equity of 17.13% and a net margin of 12.24%. During the same period in the prior year, the business earned $2.02 EPS. On average, sell-side analysts predict that Lincoln National Co. will post 5.73 EPS for the current year.

Lincoln National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be given 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 5.55%. Lincoln National’s dividend payout ratio (DPR) is presently 18.99%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on LNC shares. Morgan Stanley decreased their price objective on shares of Lincoln National from $30.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Monday, August 19th. Wells Fargo & Company lifted their price target on Lincoln National from $28.00 to $29.00 and gave the company an “equal weight” rating in a research note on Thursday. Piper Sandler dropped their price objective on Lincoln National from $37.00 to $34.00 and set a “neutral” rating for the company in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. raised 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. Finally, Jefferies Financial Group raised their price objective on Lincoln National from $34.00 to $38.00 and gave the company a “buy” rating in a report on Friday, June 28th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Lincoln National currently has a consensus rating of “Hold” and an average target price of $33.00.

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.