Oxbow Advisors LLC Grows Stake in Lincoln National Corporation $LNC

Oxbow Advisors LLC grew its stake in shares of Lincoln National Corporation (NYSE:LNC) by 22.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 231,208 shares of the financial services provider’s stock after acquiring an additional 41,817 shares during the period. Lincoln National comprises 0.9% of Oxbow Advisors LLC’s investment portfolio, making the stock its 23rd biggest position. Oxbow Advisors LLC’s holdings in Lincoln National were worth $10,296,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. JPL Wealth Management LLC bought a new stake in shares of Lincoln National in the third quarter valued at $29,000. V Square Quantitative Management LLC purchased a new position in shares of Lincoln National in the fourth quarter worth about $31,000. Laurel Wealth Advisors LLC purchased a new position in shares of Lincoln National in the fourth quarter worth about $38,000. Larson Financial Group LLC raised its position in shares of Lincoln National by 61.8% in the third quarter. Larson Financial Group LLC now owns 1,024 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 391 shares during the period. Finally, CoreCap Advisors LLC lifted its position in shares of Lincoln National by 372.1% during the third quarter. CoreCap Advisors LLC now owns 1,100 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 867 shares in the last quarter. Institutional investors own 72.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. TD Cowen lowered their price target on shares of Lincoln National from $43.00 to $38.00 and set a “hold” rating on the stock in a report on Monday, March 9th. Mizuho decreased their target price on shares of Lincoln National from $54.00 to $48.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. Keefe, Bruyette & Woods reiterated a “moderate buy” rating and issued a $43.00 target price on shares of Lincoln National in a research note on Thursday, March 26th. Morgan Stanley reduced their price target on shares of Lincoln National from $50.00 to $46.00 and set an “overweight” rating for the company in a research report on Tuesday, March 3rd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Lincoln National from $42.00 to $40.00 and set an “underweight” rating on the stock in a report on Thursday. Six equities research 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $43.71.

Lincoln National Trading Down 0.4%

Shares of LNC opened at $35.78 on Friday. Lincoln National Corporation has a 1-year low of $31.61 and a 1-year high of $46.82. The company has a market capitalization of $6.84 billion, a P/E ratio of 4.15, a P/E/G ratio of 2.28 and a beta of 1.20. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.25 and a quick ratio of 0.27. The firm’s 50 day simple moving average is $35.29 and its 200 day simple moving average is $39.52.

Lincoln National (NYSE:LNC) last issued its quarterly earnings results on Thursday, May 7th. The financial services provider reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.08. Lincoln National had a net margin of 9.17% and a return on equity of 18.07%. The firm had revenue of $4.87 billion for the quarter, compared to analyst estimates of $4.93 billion. During the same quarter in the prior year, the firm earned $1.60 EPS. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. Sell-side analysts forecast that Lincoln National Corporation will post 7.73 earnings per share for the current fiscal year.

Lincoln National Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 10th were given a dividend of $0.45 per share. The ex-dividend date was Friday, April 10th. This represents a $1.80 dividend on an annualized basis and a yield of 5.0%. Lincoln National’s dividend payout ratio (DPR) is presently 33.90%.

Insiders Place Their Bets

In related news, EVP James Waltman Reid sold 3,050 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $41.81, for a total transaction of $127,520.50. Following the transaction, the executive vice president directly owned 118,567 shares of the company’s stock, valued at approximately $4,957,286.27. This trade represents a 2.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder National Life Insuranc Lincoln bought 2,254,486 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The stock was purchased at an average price of $11.09 per share, with a total value of $25,002,249.74. Following the transaction, the insider directly owned 9,784,322 shares in the company, valued at $108,508,130.98. The trade was a 29.94% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 21,050 shares of company stock valued at $734,041 over the last 90 days. Insiders own 0.51% of the company’s stock.

More Lincoln National News

Here are the key news stories impacting Lincoln National this week:

• Positive Sentiment: Lincoln National reported Q1 adjusted EPS of $1.66, topping Wall Street estimates and showing improvement from the prior year, which supports the case for stronger underlying profitability. Lincoln National earnings report
• Positive Sentiment: Revenue rose 13.1% year over year to $4.87 billion, suggesting solid business growth despite a tougher market backdrop. Lincoln National earnings report
• Positive Sentiment: A new API integration with Centro Benefits Research should streamline RFP and quoting workflows, potentially improving efficiency and broker experience over time. Centro and Lincoln API integration announcement
• Neutral Sentiment: Several recaps described the quarter as a mix of earnings momentum and market headwinds, with profitability improving but not fully offsetting broader pressure on the business. TipRanks earnings call summary
• Negative Sentiment: JPMorgan lowered its price target on LNC to $40 and kept an underweight rating, which may be weighing on sentiment despite the earnings beat. Benzinga report on JPMorgan target cut
• Negative Sentiment: Lincoln National’s revenue came in slightly below consensus, and one headline noted the quarter as a loss despite stronger operating gains, highlighting the tension between top-line growth and profitability. TipRanks Q1 loss and operating gains summary

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.