Lincoln National Co. (NYSE:LNC) Stock Position Lifted by Yousif Capital Management LLC

Yousif Capital Management LLC raised its stake in shares of Lincoln National Co. (NYSE:LNC) by 0.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 91,833 shares of the financial services provider’s stock after buying an additional 535 shares during the period. Yousif Capital Management LLC owned about 0.05% of Lincoln National worth $2,477,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Hsbc Holdings PLC grew its stake in Lincoln National by 2,107.9% in the third quarter. Hsbc Holdings PLC now owns 4,279,462 shares of the financial services provider’s stock valued at $105,703,000 after purchasing an additional 4,085,637 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in Lincoln National by 53.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 3,157,195 shares of the financial services provider’s stock valued at $77,951,000 after acquiring an additional 1,098,532 shares in the last quarter. Principal Financial Group Inc. raised its position in Lincoln National by 82.1% during the third quarter. Principal Financial Group Inc. now owns 1,758,754 shares of the financial services provider’s stock valued at $43,424,000 after acquiring an additional 792,900 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in Lincoln National in the fourth quarter valued at approximately $19,350,000. Finally, International Assets Investment Management LLC grew its position in Lincoln National by 2,549.8% in the fourth quarter. International Assets Investment Management LLC now owns 719,801 shares of the financial services provider’s stock worth $19,413,000 after acquiring an additional 692,637 shares in the last quarter. 72.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lincoln National

In related news, Director Owen Ryan purchased 10,000 shares of the stock in a transaction dated Friday, February 9th. The stock was bought at an average cost of $25.90 per share, with a total value of $259,000.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at approximately $259,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on LNC shares. Wells Fargo & Company raised their target price on Lincoln National from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Thursday, April 11th. Keefe, Bruyette & Woods raised their target price on shares of Lincoln National from $30.00 to $32.00 and gave the company a “market perform” rating in a research note on Wednesday, April 10th. Jefferies Financial Group upgraded Lincoln National from an “underperform” rating to a “hold” rating in a research note on Monday, February 12th. JPMorgan Chase & Co. lifted their price objective on Lincoln National from $26.00 to $29.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 2nd. Finally, UBS Group lifted their target price on Lincoln National from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 10th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Lincoln National currently has a consensus rating of “Hold” and a consensus price target of $28.45.

Lincoln National Stock Up 0.7 %

NYSE LNC opened at $28.01 on Tuesday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.96. The stock’s 50 day moving average is $28.43 and its two-hundred day moving average is $26.49. Lincoln National Co. has a 1-year low of $18.50 and a 1-year high of $32.43.

Lincoln National (NYSE:LNC) last posted its earnings results on Thursday, February 8th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.13. Lincoln National had a negative net margin of 6.46% and a positive return on equity of 20.81%. The company had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $4.44 billion. As a group, equities analysts expect that Lincoln National Co. will post 6.47 EPS for the current year.

Lincoln National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 6.43%. The ex-dividend date of this dividend is Tuesday, April 9th. Lincoln National’s payout ratio is -36.07%.

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.