Exchange Traded Concepts LLC Grows Holdings in Lincoln National Corporation $LNC

Exchange Traded Concepts LLC raised its holdings in shares of Lincoln National Corporation (NYSE:LNC) by 47.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 110,741 shares of the financial services provider’s stock after purchasing an additional 35,437 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Lincoln National were worth $4,466,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in LNC. Russell Investments Group Ltd. lifted its holdings in Lincoln National by 4.8% during the 1st quarter. Russell Investments Group Ltd. now owns 29,975 shares of the financial services provider’s stock valued at $1,076,000 after buying an additional 1,384 shares in the last quarter. American Century Companies Inc. increased its position in shares of Lincoln National by 271.2% during the first quarter. American Century Companies Inc. now owns 180,079 shares of the financial services provider’s stock worth $6,467,000 after acquiring an additional 131,566 shares during the period. Raymond James Financial Inc. increased its position in shares of Lincoln National by 3.9% during the first quarter. Raymond James Financial Inc. now owns 267,204 shares of the financial services provider’s stock worth $9,595,000 after acquiring an additional 10,018 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Lincoln National by 6.8% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 43,975 shares of the financial services provider’s stock valued at $1,579,000 after acquiring an additional 2,782 shares in the last quarter. Finally, Ieq Capital LLC raised its stake in shares of Lincoln National by 524.2% during the first quarter. Ieq Capital LLC now owns 41,122 shares of the financial services provider’s stock valued at $1,477,000 after acquiring an additional 34,534 shares in the last quarter. 72.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Morgan Stanley reissued an “overweight” rating on shares of Lincoln National in a research note on Monday, December 15th. Mizuho assumed coverage on Lincoln National in a report on Tuesday, December 16th. They issued an “outperform” rating and a $52.00 target price for the company. Wells Fargo & Company raised their price target on Lincoln National from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. Piper Sandler lifted their price objective on Lincoln National from $42.00 to $48.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Evercore ISI increased their target price on shares of Lincoln National from $45.00 to $46.00 and gave the stock an “in-line” rating in a report on Thursday, October 9th. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Lincoln National has a consensus rating of “Hold” and a consensus price target of $47.17.

Lincoln National Stock Performance

LNC stock opened at $46.01 on Thursday. Lincoln National Corporation has a one year low of $27.58 and a one year high of $46.71. The firm has a market cap of $8.74 billion, a price-to-earnings ratio of 4.13, a PEG ratio of 0.45 and a beta of 1.33. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a 50-day simple moving average of $41.75 and a two-hundred day simple moving average of $39.25.

Lincoln National (NYSE:LNC) last posted its quarterly earnings data on Thursday, October 30th. The financial services provider reported $2.04 EPS for the quarter, topping the consensus estimate of $1.84 by $0.20. Lincoln National had a net margin of 11.49% and a return on equity of 18.77%. The firm had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.80 billion. During the same quarter in the previous year, the business posted $2.06 EPS. On average, equities analysts forecast that Lincoln National Corporation will post 7.69 EPS for the current fiscal year.

Lincoln National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, January 12th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, January 12th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.9%. Lincoln National’s dividend payout ratio is presently 16.16%.

Insider Buying and Selling at Lincoln National

In other Lincoln National news, Director Owen Ryan bought 2,000 shares of Lincoln National stock in a transaction that occurred on Wednesday, November 12th. The shares were bought at an average cost of $42.17 per share, with a total value of $84,340.00. Following the transaction, the director directly owned 12,000 shares of the company’s stock, valued at approximately $506,040. This represents a 20.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John Christopher Kennedy sold 3,519 shares of the stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $44.15, for a total value of $155,363.85. Following the completion of the sale, the executive vice president owned 118,985 shares of the company’s stock, valued at approximately $5,253,187.75. This trade represents a 2.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.51% of the company’s stock.

Lincoln National Company Profile

Lincoln National Corporation, doing business as Lincoln Financial Group, is a diversified financial services holding company focused on providing retirement, insurance, and wealth management solutions in the United States and select international markets. Headquartered in Radnor, Pennsylvania, the company operates through several business segments, including Retirement Plan Services, Life Insurance, and Group Protection. Its offerings are designed to help individuals, families, and institutions plan and prepare for their financial futures.

The Retirement Plan Services segment delivers recordkeeping, administrative services, and investment management for defined contribution and defined benefit plans.