Jupiter Asset Management Ltd. Buys Shares of 715,633 Lincoln National Corporation $LNC

Jupiter Asset Management Ltd. bought a new stake in shares of Lincoln National Corporation (NYSE:LNC) during the fourth quarter, HoldingsChannel reports. The fund bought 715,633 shares of the financial services provider’s stock, valued at approximately $31,867,000.

A number of other large investors have also recently bought and sold shares of LNC. Baird Financial Group Inc. acquired a new stake in Lincoln National during the 1st quarter valued at $241,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Lincoln National by 30.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,981 shares of the financial services provider’s stock valued at $2,585,000 after buying an additional 16,991 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Lincoln National by 316.9% during the 1st quarter. Empowered Funds LLC now owns 59,115 shares of the financial services provider’s stock worth $2,123,000 after purchasing an additional 44,936 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Lincoln National by 5.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 623,322 shares of the financial services provider’s stock worth $22,383,000 after purchasing an additional 29,421 shares during the period. Finally, Focus Partners Wealth lifted its stake in shares of Lincoln National by 39.1% during the 1st quarter. Focus Partners Wealth now owns 19,530 shares of the financial services provider’s stock worth $701,000 after purchasing an additional 5,486 shares during the period. Institutional investors and hedge funds own 72.81% of the company’s stock.

Lincoln National Trading Down 0.2%

Shares of LNC opened at $35.12 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $6.71 billion, a P/E ratio of 4.07, a price-to-earnings-growth ratio of 2.26 and a beta of 1.20. The stock’s fifty day simple moving average is $35.55 and its 200 day simple moving average is $38.97. Lincoln National Corporation has a twelve month low of $31.69 and a twelve month high of $46.82.

Lincoln National (NYSE:LNC) last issued its earnings results on Thursday, May 7th. The financial services provider reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.08. The business had revenue of $4.87 billion for the quarter, compared to analyst estimates of $4.93 billion. Lincoln National had a return on equity of 18.07% and a net margin of 9.17%.The business’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period last year, the company posted $1.60 EPS. On average, equities research analysts forecast that Lincoln National Corporation will post 7.7 earnings per share for the current year.

Lincoln National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, July 10th. Lincoln National’s dividend payout ratio (DPR) is 20.88%.

Insider Buying and Selling at Lincoln National

In related news, EVP Sean Woodroffe sold 10,000 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $34.46, for a total value of $344,600.00. Following the transaction, the executive vice president directly owned 206,159 shares of the company’s stock, valued at approximately $7,104,239.14. This trade represents a 4.63% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on LNC shares. Morgan Stanley reduced their price target on Lincoln National from $43.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. JPMorgan Chase & Co. reduced their price target on Lincoln National from $42.00 to $40.00 and set an “underweight” rating on the stock in a research note on Thursday, May 7th. National Bank Financial set a $40.00 price target on Lincoln National in a research note on Thursday, May 21st. Barclays reduced their price target on Lincoln National from $44.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Finally, Weiss Ratings lowered Lincoln National from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Lincoln National has a consensus rating of “Hold” and an average price target of $43.00.

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.