18,759,497 Shares in Lincoln National Corporation $LNC Acquired by Bain Capital Prairie LLC

Bain Capital Prairie LLC purchased a new position in Lincoln National Corporation (NYSE:LNC) in the fourth quarter, Holdings Channel reports. The fund purchased 18,759,497 shares of the financial services provider’s stock, valued at approximately $835,360,000. Lincoln National comprises about 100.0% of Bain Capital Prairie LLC’s holdings, making the stock its largest holding. Bain Capital Prairie LLC owned approximately 0.10% of Lincoln National as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Lincoln National in the 4th quarter valued at $101,114,000. Jennison Associates LLC raised its position in Lincoln National by 58.7% in the 4th quarter. Jennison Associates LLC now owns 3,681,158 shares of the financial services provider’s stock valued at $163,922,000 after purchasing an additional 1,361,835 shares during the last quarter. Vanguard Group Inc. raised its position in Lincoln National by 6.3% in the 3rd quarter. Vanguard Group Inc. now owns 19,903,720 shares of the financial services provider’s stock valued at $802,717,000 after purchasing an additional 1,183,934 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Lincoln National by 25.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,730,727 shares of the financial services provider’s stock valued at $231,121,000 after purchasing an additional 1,157,599 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in Lincoln National in the 3rd quarter valued at $29,831,000. Hedge funds and other institutional investors own 72.81% of the company’s stock.

Insider Activity at Lincoln National

In related news, EVP Craigt T. Beazer sold 30,000 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $34.45, for a total value of $1,033,500.00. Following the sale, the executive vice president directly owned 103,906 shares in the company, valued at $3,579,561.70. The trade was a 22.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.03% of the stock is owned by corporate insiders.

Lincoln National Price Performance

Lincoln National stock opened at $37.37 on Thursday. Lincoln National Corporation has a 52 week low of $31.69 and a 52 week high of $46.82. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.65. The firm’s 50-day simple moving average is $35.83 and its 200 day simple moving average is $38.50. The firm has a market capitalization of $7.14 billion, a PE ratio of 4.33, a P/E/G ratio of 2.44 and a beta of 1.17.

Lincoln National (NYSE:LNC) last released its quarterly earnings data on Thursday, May 7th. The financial services provider reported $1.66 EPS for the quarter, topping the consensus estimate of $1.58 by $0.08. Lincoln National had a net margin of 9.17% and a return on equity of 18.07%. The business had revenue of $4.87 billion for the quarter, compared to analyst estimates of $4.93 billion. During the same period in the previous 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. On average, equities research analysts predict that Lincoln National Corporation will post 7.72 EPS for the current fiscal year.

Lincoln National Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Friday, July 10th. This represents a $1.80 annualized dividend and a dividend yield of 4.8%. Lincoln National’s payout ratio is currently 20.88%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LNC. JPMorgan Chase & Co. dropped their price objective on shares of Lincoln National from $42.00 to $40.00 and set an “underweight” rating on the stock in a research note on Thursday, May 7th. Bank of America dropped their price objective on shares of Lincoln National from $41.00 to $37.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Barclays dropped their price objective on shares of 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. TD Cowen dropped their price objective on shares of Lincoln National from $43.00 to $38.00 and set a “hold” rating on the stock in a research note on Monday, March 9th. Finally, National Bank Financial set a $40.00 price target on shares of Lincoln National in a research note on Thursday, May 21st. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.