Nisa Investment Advisors LLC Has $1.71 Million Stock Holdings in Lincoln National Co. (NYSE:LNC)

Nisa Investment Advisors LLC boosted its position in shares of Lincoln National Co. (NYSE:LNC) by 11.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 54,098 shares of the financial services provider’s stock after purchasing an additional 5,390 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Lincoln National were worth $1,705,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Lincoln National by 4.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 26,372 shares of the financial services provider’s stock valued at $842,000 after purchasing an additional 1,085 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Lincoln National by 249.4% in 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 in the last quarter. Private Advisor Group LLC boosted its holdings in shares of Lincoln National by 97.3% in the first quarter. Private Advisor Group LLC now owns 75,018 shares of the financial services provider’s stock valued at $2,395,000 after buying an additional 36,992 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in shares of Lincoln National during the first quarter worth $207,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Lincoln National in the 1st quarter valued at $505,000. Institutional investors own 72.81% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on LNC. Piper Sandler lowered their target price on Lincoln National from $37.00 to $34.00 and set a “neutral” rating for the company in a report on Wednesday, October 2nd. StockNews.com lowered Lincoln National from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Morgan Stanley reduced their price target on Lincoln National from $30.00 to $29.00 and set an “equal weight” rating for the company in a research report on Monday, August 19th. Barclays lifted their price objective on shares of Lincoln National from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Finally, Bank of America reduced their target price on shares of Lincoln National from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $33.00.

Lincoln National Trading Down 3.5 %

Lincoln National stock opened at $33.52 on Monday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.27 and a current ratio of 0.27. The stock has a 50-day simple moving average of $31.68 and a 200 day simple moving average of $31.12. The stock has a market capitalization of $5.71 billion, a P/E ratio of 23.94, a PEG ratio of 0.33 and a beta of 1.79. Lincoln National Co. has a 52 week low of $20.85 and a 52 week high of $36.46.

Lincoln National (NYSE:LNC) last posted its earnings results on Thursday, October 31st. The financial services provider reported $2.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.42. Lincoln National had a return on equity of 18.15% and a net margin of 2.51%. The business had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.61 billion. During the same period in the previous year, the firm earned $0.23 EPS. The firm’s revenue was down 2.2% compared to the same quarter last year. Analysts expect that Lincoln National Co. will post 5.73 earnings per share for the current year.

Lincoln National Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date was Thursday, October 10th. Lincoln National’s dividend payout ratio is presently 128.57%.

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.