Oak Thistle LLC Purchases 15,624 Shares of Lincoln National Co. (NYSE:LNC)

Oak Thistle LLC raised its position in Lincoln National Co. (NYSE:LNCFree Report) by 114.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,266 shares of the financial services provider’s stock after acquiring an additional 15,624 shares during the quarter. Oak Thistle LLC’s holdings in Lincoln National were worth $789,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of LNC. Financial Gravity Asset Management Inc. lifted its holdings in Lincoln National by 3,930.8% in the third quarter. Financial Gravity Asset Management Inc. now owns 1,048 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 1,022 shares during the period. Achmea Investment Management B.V. purchased a new stake in Lincoln National in the first quarter worth about $30,000. CVA Family Office LLC purchased a new stake in Lincoln National in the fourth quarter worth about $37,000. Parkside Financial Bank & Trust increased its position in Lincoln National by 115.2% in the third quarter. Parkside Financial Bank & Trust now owns 1,752 shares of the financial services provider’s stock worth $43,000 after buying an additional 938 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in Lincoln National by 47.0% in the third quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the financial services provider’s stock worth $44,000 after buying an additional 571 shares in the last quarter. Institutional investors own 72.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. JPMorgan Chase & Co. upped their price target on Lincoln National from $26.00 to $29.00 and gave the stock an “underweight” rating in a research report on Tuesday. StockNews.com cut Lincoln National from a “hold” rating to a “sell” rating in a research report on Thursday, March 28th. Evercore ISI upped their price target on Lincoln National from $32.00 to $33.00 and gave the stock an “in-line” rating in a research report on Thursday, March 21st. UBS Group increased their target price on Lincoln National from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 10th. Finally, TheStreet cut Lincoln National from a “c” rating to a “d+” rating in a research report on Thursday, February 8th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $26.90.

Check Out Our Latest Stock Report on Lincoln National

Insider Buying and Selling at Lincoln National

In related news, Director Owen Ryan acquired 10,000 shares of the stock in a transaction dated Friday, February 9th. The stock was acquired at an average cost of $25.90 per share, with a total value of $259,000.00. Following the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at $259,000. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.75% of the stock is currently owned by company insiders.

Lincoln National Trading Down 1.6 %

NYSE LNC opened at $31.08 on Wednesday. The business has a 50 day simple moving average of $27.87 and a two-hundred day simple moving average of $25.89. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.26 and a current ratio of 0.26. Lincoln National Co. has a 1-year low of $18.50 and a 1-year high of $32.43.

Lincoln National (NYSE:LNCGet Free Report) last released its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.13. The business had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Lincoln National had a positive return on equity of 20.81% and a negative net margin of 6.46%. On average, sell-side analysts anticipate that Lincoln National Co. will post 6.57 earnings per share for the current fiscal year.

Lincoln National Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 5.79%. The ex-dividend date of this dividend is Tuesday, April 9th. Lincoln National’s dividend payout ratio is presently -36.07%.

Lincoln National Company Profile

(Free Report)

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates in four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders.

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Institutional Ownership by Quarter for Lincoln National (NYSE:LNC)

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