Victory Capital Management Inc. Has $18.87 Million Holdings in Lincoln National Co. (NYSE:LNC)

Victory Capital Management Inc. lifted its stake in shares of Lincoln National Co. (NYSE:LNC) by 20.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 699,620 shares of the financial services provider’s stock after buying an additional 117,983 shares during the quarter. Victory Capital Management Inc. owned about 0.41% of Lincoln National worth $18,869,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Hsbc Holdings PLC increased its position in Lincoln National by 2,107.9% in the 3rd quarter. Hsbc Holdings PLC now owns 4,279,462 shares of the financial services provider’s stock valued at $105,703,000 after buying an additional 4,085,637 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Lincoln National by 53.4% during the 3rd 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 purchasing an additional 1,098,532 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Lincoln National by 82.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,758,754 shares of the financial services provider’s stock worth $43,424,000 after purchasing an additional 792,900 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Lincoln National in the fourth quarter worth approximately $19,350,000. Finally, International Assets Investment Management LLC lifted its holdings in shares of 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 valued at $19,413,000 after purchasing an additional 692,637 shares in the last quarter. Institutional investors own 72.81% of the company’s stock.

Lincoln National Price Performance

Shares of NYSE:LNC opened at $29.24 on Friday. Lincoln National Co. has a 12 month low of $18.50 and a 12 month high of $32.43. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.87. The stock has a market cap of $4.97 billion, a P/E ratio of 4.00, a P/E/G ratio of 0.18 and a beta of 1.80. The company has a 50 day moving average of $28.61 and a 200 day moving average of $26.72.

Lincoln National (NYSE:LNC) last released its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.13. The firm had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $4.44 billion. Lincoln National had a net margin of 11.31% and a return on equity of 19.50%. As a group, sell-side analysts forecast that Lincoln National Co. will post 6.25 EPS for the current fiscal year.

Lincoln National Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th were given a dividend of $0.45 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.16%. Lincoln National’s dividend payout ratio (DPR) is presently 24.62%.

Analyst Ratings Changes

Several equities analysts have weighed in on LNC shares. Evercore ISI raised their price objective on Lincoln National from $33.00 to $35.00 and gave the company an “in-line” rating in a research note on Thursday, April 11th. JPMorgan Chase & Co. lifted their target price on Lincoln National from $26.00 to $29.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 2nd. Keefe, Bruyette & Woods increased their price target on shares of Lincoln National from $30.00 to $32.00 and gave the company a “market perform” rating in a research report on Wednesday, April 10th. Wells Fargo & Company increased their target price on shares of Lincoln National from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Thursday, April 11th. Finally, Piper Sandler lowered their price target on shares of Lincoln National from $32.00 to $30.00 and set a “neutral” rating on the stock in a report on Monday. Two 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 company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $28.27.

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.