6,751 Shares in Lincoln National Co. (NYSE:LNC) Bought by Diversify Advisory Services LLC

Diversify Advisory Services LLC bought a new position in shares of Lincoln National Co. (NYSE:LNC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,751 shares of the financial services provider’s stock, valued at approximately $203,000.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in shares of Lincoln National by 535.5% during the third quarter. Blue Trust Inc. now owns 1,074 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 905 shares in the last quarter. Larson Financial Group LLC grew its stake in Lincoln National by 95.3% in the 3rd quarter. Larson Financial Group LLC now owns 1,086 shares of the financial services provider’s stock worth $34,000 after buying an additional 530 shares in the last quarter. Eastern Bank bought a new position in shares of Lincoln National in the 3rd quarter worth $40,000. Meeder Asset Management Inc. purchased a new stake in shares of Lincoln National during the 3rd quarter valued at $48,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Lincoln National by 459.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,083 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 1,711 shares during the last quarter. 72.81% of the stock is currently owned by institutional investors.

Lincoln National Price Performance

Shares of Lincoln National stock opened at $33.50 on Friday. The company’s fifty day simple moving average is $33.04 and its two-hundred day simple moving average is $32.28. Lincoln National Co. has a 12-month low of $25.09 and a 12-month high of $36.98. The firm has a market cap of $5.71 billion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 0.26 and a beta of 1.78. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.73.

Lincoln National (NYSE:LNC) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $2.06 earnings per share (EPS) for the quarter, beating 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 company had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.61 billion. During the same quarter in the previous year, the business earned $0.23 EPS. Lincoln National’s revenue was down 2.2% compared to the same quarter last year. As a group, equities analysts expect that Lincoln National Co. will post 6.97 EPS for the current year.

Lincoln National Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 5.37%. The ex-dividend date is Friday, January 10th. Lincoln National’s dividend payout ratio (DPR) is currently 128.57%.

Insider Buying and Selling at Lincoln National

In other Lincoln National news, EVP John Christopher Kennedy sold 2,863 shares of Lincoln National stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $36.00, for a total transaction of $103,068.00. Following the sale, the executive vice president now directly owns 99,644 shares of the company’s stock, valued at approximately $3,587,184. The trade was a 2.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

LNC has been the topic of a number of research analyst reports. TD Cowen increased their target price on Lincoln National from $34.00 to $37.00 and gave the company a “hold” rating in a research note on Wednesday, November 27th. StockNews.com raised Lincoln National from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Barclays reduced their price target on shares of Lincoln National from $38.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Piper Sandler lowered their price objective on shares of Lincoln National from $37.00 to $34.00 and set a “neutral” rating for the company in a report on Wednesday, October 2nd. Finally, Wells Fargo & Company reduced their target price on shares of Lincoln National from $29.00 to $28.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $33.40.

About Lincoln National

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.