Parametric Portfolio Associates LLC boosted its holdings in shares of Lincoln National Co. (NYSE:LNC) by 2.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,127,315 shares of the financial services provider’s stock after purchasing an additional 32,235 shares during the period. Parametric Portfolio Associates LLC owned 0.52% of Lincoln National worth $82,835,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Sun Life Financial INC increased its holdings in Lincoln National by 20,600.0% during the 2nd quarter. Sun Life Financial INC now owns 1,656 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 1,648 shares in the last quarter. D.A. Davidson & CO. increased its holdings in Lincoln National by 8.6% during the 2nd quarter. D.A. Davidson & CO. now owns 1,726 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 136 shares in the last quarter. Valeo Financial Advisors LLC acquired a new stake in Lincoln National during the 3rd quarter valued at $171,000. Homrich & Berg acquired a new stake in Lincoln National during the 2nd quarter valued at $204,000. Finally, Institute for Wealth Management LLC. acquired a new stake in Lincoln National during the 2nd quarter valued at $227,000. 80.44% of the stock is owned by hedge funds and other institutional investors.
Lincoln National Co. (LNC) opened at $76.19 on Monday. The company has a market capitalization of $16,663.83, a price-to-earnings ratio of 10.06, a price-to-earnings-growth ratio of 1.14 and a beta of 2.01. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.11 and a quick ratio of 0.11. Lincoln National Co. has a 12-month low of $61.45 and a 12-month high of $78.74.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be given a $0.33 dividend. This is a positive change from Lincoln National’s previous quarterly dividend of $0.29. This represents a $1.32 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Tuesday, January 9th. Lincoln National’s dividend payout ratio (DPR) is currently 18.15%.
A number of equities research analysts recently weighed in on LNC shares. Zacks Investment Research raised Lincoln National from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a report on Thursday, August 24th. Royal Bank of Canada reiterated a “buy” rating and issued a $86.00 price objective on shares of Lincoln National in a research report on Friday, December 8th. Goldman Sachs Group initiated coverage on Lincoln National in a research report on Wednesday, October 18th. They issued a “sell” rating and a $71.00 price objective on the stock. Morgan Stanley increased their price objective on Lincoln National from $76.00 to $77.00 and gave the company an “equal weight” rating in a research report on Thursday, October 5th. Finally, Wells Fargo & Company set a $80.00 price objective on Lincoln National and gave the company a “hold” rating in a research report on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $78.70.
Lincoln National Company Profile
Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The Company sells a range of wealth protection, accumulation and retirement income products and solutions, through its business segments. The Company operates through four segments: Annuities segment, which offers fixed (including indexed) and variable annuities; Retirement Plan Services segment, which provides employers with retirement plan products and services; Life Insurance segment, which focuses on the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products.
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