Lincoln National Corporation $LNC Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its position in shares of Lincoln National Corporation (NYSE:LNC) by 17.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,276 shares of the financial services provider’s stock after purchasing an additional 22,431 shares during the period. Thrivent Financial for Lutherans’ holdings in Lincoln National were worth $5,980,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in LNC. Arizona State Retirement System boosted its position in Lincoln National by 1.3% in the 3rd quarter. Arizona State Retirement System now owns 50,466 shares of the financial services provider’s stock valued at $2,035,000 after buying an additional 651 shares during the last quarter. Impact Partnership Wealth LLC acquired a new position in shares of Lincoln National in the third quarter worth about $237,000. Great Lakes Advisors LLC boosted its holdings in Lincoln National by 2,049.8% in the third quarter. Great Lakes Advisors LLC now owns 207,474 shares of the financial services provider’s stock valued at $8,367,000 after purchasing an additional 197,823 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its stake in Lincoln National by 24,933.3% during the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,253 shares of the financial services provider’s stock valued at $91,000 after purchasing an additional 2,244 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. purchased a new stake in Lincoln National during the 3rd quarter worth approximately $1,694,000. Institutional investors and hedge funds own 72.81% of the company’s stock.

Lincoln National Stock Performance

Shares of NYSE LNC opened at $40.34 on Friday. 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’s 50-day moving average price is $43.17 and its two-hundred day moving average price is $41.14. Lincoln National Corporation has a 52-week low of $27.58 and a 52-week high of $46.82. The stock has a market capitalization of $7.66 billion, a P/E ratio of 3.62, a P/E/G ratio of 0.42 and a beta of 1.30.

Lincoln National Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Monday, January 12th were given a dividend of $0.45 per share. The ex-dividend date was Monday, January 12th. This represents a $1.80 dividend on an annualized basis and a yield of 4.5%. Lincoln National’s payout ratio is currently 16.16%.

Analysts Set New Price Targets

LNC has been the subject of a number of recent analyst reports. Morgan Stanley reissued an “overweight” rating on shares of Lincoln National in a research report on Monday, December 15th. UBS Group raised their price objective on shares of Lincoln National from $42.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Mizuho began coverage on shares of Lincoln National in a research note on Tuesday, December 16th. They issued an “outperform” rating and a $52.00 target price on the stock. Zacks Research downgraded Lincoln National from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 4th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Lincoln National in a research note on Monday, December 29th. Four research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $46.25.

Insiders Place Their Bets

In other news, EVP John Christopher Kennedy sold 3,519 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $44.15, for a total transaction of $155,363.85. Following the completion of the transaction, the executive vice president owned 118,985 shares in the company, valued at approximately $5,253,187.75. This represents a 2.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Owen Ryan acquired 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was purchased at an average price of $42.17 per share, for a total transaction of $84,340.00. Following the completion of the transaction, the director owned 12,000 shares in the company, valued at $506,040. The trade was a 20.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.51% of the stock is owned by corporate insiders.

Lincoln National 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.