Nisa Investment Advisors LLC Has $4.68 Million Stock Holdings in Lincoln National Corporation $LNC

Nisa Investment Advisors LLC boosted its position in Lincoln National Corporation (NYSE:LNC) by 145.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,116 shares of the financial services provider’s stock after buying an additional 68,827 shares during the period. Nisa Investment Advisors LLC’s holdings in Lincoln National were worth $4,683,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Lincoln National during the second quarter valued at approximately $87,362,000. Jennison Associates LLC acquired a new stake in Lincoln National in the 2nd quarter valued at $43,686,000. First Trust Advisors LP grew its position in Lincoln National by 20.0% in the 2nd quarter. First Trust Advisors LP now owns 4,645,447 shares of the financial services provider’s stock valued at $160,732,000 after purchasing an additional 774,721 shares during the period. LSV Asset Management increased its stake in Lincoln National by 16.9% during the 2nd quarter. LSV Asset Management now owns 2,736,180 shares of the financial services provider’s stock valued at $94,672,000 after purchasing an additional 394,584 shares in the last quarter. Finally, Daymark Wealth Partners LLC raised its holdings in Lincoln National by 208.7% during the second quarter. Daymark Wealth Partners LLC now owns 463,619 shares of the financial services provider’s stock worth $16,041,000 after buying an additional 313,418 shares during the last quarter. Institutional investors own 72.81% of the company’s stock.

Insider Activity

In related news, Director Owen Ryan acquired 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The stock was acquired at an average price of $42.17 per share, for a total transaction of $84,340.00. Following the completion of the acquisition, the director 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John Christopher Kennedy sold 3,519 shares of Lincoln National stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $44.15, for a total transaction of $155,363.85. Following the completion of the sale, the executive vice president directly owned 118,985 shares in the company, valued at approximately $5,253,187.75. This represents a 2.87% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.51% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

LNC has been the subject of a number of analyst reports. Keefe, Bruyette & Woods lifted their price objective on shares of Lincoln National from $43.00 to $44.00 and gave the company a “market perform” rating in a report on Monday, November 3rd. Wolfe Research upgraded Lincoln National to a “strong sell” rating in a research note on Tuesday, September 16th. Mizuho began coverage on Lincoln National in a report on Tuesday, December 16th. They set an “outperform” rating and a $52.00 price objective for the company. Wells Fargo & Company raised their target price on Lincoln National from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, October 8th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Lincoln National in a research report on Monday, December 29th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Lincoln National presently has an average rating of “Hold” and an average target price of $46.00.

Lincoln National Stock Performance

LNC stock opened at $43.79 on Monday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.61. The firm has a market cap of $8.32 billion, a PE ratio of 3.93, a P/E/G ratio of 0.44 and a beta of 1.32. The business has a 50 day moving average of $43.04 and a 200-day moving average of $40.32. Lincoln National Corporation has a 12-month low of $27.58 and a 12-month high of $46.82.

Lincoln National (NYSE:LNC) last posted its quarterly earnings data on Thursday, October 30th. The financial services provider reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.20. The business had revenue of $4.56 billion for the quarter, compared to analysts’ expectations of $4.80 billion. Lincoln National had a return on equity of 18.77% and a net margin of 11.49%.During the same quarter in the previous year, the firm earned $2.06 earnings per share. As a group, sell-side analysts expect that Lincoln National Corporation will post 7.69 earnings per share for the current year.

Lincoln National Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, January 12th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, January 12th. Lincoln National’s payout ratio is 16.16%.

About Lincoln National

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.