BI Asset Management Fondsmaeglerselskab A S Makes New Investment in Lincoln National Corporation $LNC

BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Lincoln National Corporation (NYSE:LNC) during the 4th quarter, HoldingsChannel reports. The fund acquired 126,797 shares of the financial services provider’s stock, valued at approximately $5,646,000.

Other institutional investors have also modified their holdings of the company. Prudential PLC acquired a new position in Lincoln National in the 4th quarter valued at $931,000. Vise Technologies Inc. grew its holdings in shares of Lincoln National by 17.0% during the fourth quarter. Vise Technologies Inc. now owns 6,405 shares of the financial services provider’s stock worth $285,000 after buying an additional 932 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Lincoln National by 8.9% in the fourth quarter. CIBC Asset Management Inc now owns 17,351 shares of the financial services provider’s stock valued at $773,000 after buying an additional 1,422 shares during the last quarter. Natixis Advisors LLC raised its position in shares of Lincoln National by 0.8% in the fourth quarter. Natixis Advisors LLC now owns 50,862 shares of the financial services provider’s stock valued at $2,265,000 after buying an additional 422 shares during the last quarter. Finally, Collar Capital Management LLC lifted its stake in shares of Lincoln National by 0.8% in the fourth quarter. Collar Capital Management LLC now owns 91,731 shares of the financial services provider’s stock worth $4,085,000 after buying an additional 688 shares in the last quarter. Institutional investors and hedge funds own 72.81% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on LNC shares. Barclays dropped their price objective on shares of Lincoln National from $44.00 to $42.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. National Bank Financial set a $40.00 target price on shares of Lincoln National in a research note on Thursday, May 21st. UBS Group restated a “neutral” rating and set a $39.00 target price on shares of Lincoln National in a report on Thursday, May 14th. Mizuho dropped their price target on Lincoln National from $54.00 to $48.00 and set an “outperform” rating for the company in a research report on Monday, April 13th. Finally, Wells Fargo & Company lifted their price objective on Lincoln National from $43.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $43.00.

Lincoln National Price Performance

Shares of LNC stock opened at $34.75 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.25 and a quick ratio of 0.25. The company has a market capitalization of $6.65 billion, a PE ratio of 4.03, a price-to-earnings-growth ratio of 2.23 and a beta of 1.17. The firm’s 50-day moving average is $35.56 and its two-hundred day moving average is $38.71. Lincoln National Corporation has a 12 month low of $31.69 and a 12 month high of $46.82.

Lincoln National (NYSE:LNC) last posted its quarterly earnings results on Thursday, May 7th. The financial services provider reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.08. The business had revenue of $4.87 billion during the quarter, compared to analysts’ expectations of $4.93 billion. Lincoln National had a net margin of 9.17% and a return on equity of 18.07%. The business’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.60 EPS. Analysts predict that Lincoln National Corporation will post 7.72 earnings per share for the current year.

Lincoln National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.80 annualized dividend and a yield of 5.2%. Lincoln National’s dividend payout ratio (DPR) is 20.88%.

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.