Lincoln National Co. (LNC) Position Boosted by Dimensional Fund Advisors LP

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Dimensional Fund Advisors LP lifted its position in shares of Lincoln National Co. (NYSE:LNC) by 2.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,216,834 shares of the financial services provider’s stock after buying an additional 57,696 shares during the period. Dimensional Fund Advisors LP’s holdings in Lincoln National were worth $113,748,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in Lincoln National by 59.7% during the third quarter. JPMorgan Chase & Co. now owns 11,919,511 shares of the financial services provider’s stock worth $806,475,000 after purchasing an additional 4,457,743 shares during the period. Oregon Public Employees Retirement Fund raised its stake in Lincoln National by 5,290.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,956,873 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 3,883,468 shares during the period. Prudential Financial Inc. raised its stake in Lincoln National by 109.4% during the fourth quarter. Prudential Financial Inc. now owns 1,328,483 shares of the financial services provider’s stock worth $68,165,000 after purchasing an additional 694,063 shares during the period. Acadian Asset Management LLC raised its stake in Lincoln National by 47.4% during the fourth quarter. Acadian Asset Management LLC now owns 1,714,824 shares of the financial services provider’s stock worth $87,992,000 after purchasing an additional 551,058 shares during the period. Finally, Investec Asset Management LTD raised its stake in Lincoln National by 50.0% during the fourth quarter. Investec Asset Management LTD now owns 1,189,032 shares of the financial services provider’s stock worth $61,009,000 after purchasing an additional 396,228 shares during the period. 84.49% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Gary C. Kelly sold 17,040 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $66.63, for a total value of $1,135,375.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jamie Ohl sold 7,263 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $61.70, for a total transaction of $448,127.10. Following the completion of the sale, the executive vice president now directly owns 23,159 shares of the company’s stock, valued at approximately $1,428,910.30. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

A number of equities analysts have weighed in on the stock. ValuEngine raised shares of Lincoln National from a “strong sell” rating to a “sell” rating in a research note on Wednesday, February 27th. Zacks Investment Research downgraded shares of Lincoln National from a “buy” rating to a “hold” rating in a research note on Monday. UBS Group increased their price target on shares of Lincoln National from $62.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 9th. Finally, JPMorgan Chase & Co. set a $92.00 price target on shares of Lincoln National and gave the stock a “buy” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $75.92.

NYSE:LNC opened at $64.14 on Wednesday. Lincoln National Co. has a fifty-two week low of $48.07 and a fifty-two week high of $71.27. The company has a market cap of $13.22 billion, a price-to-earnings ratio of 7.56, a P/E/G ratio of 0.78 and a beta of 1.95. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.34.

Lincoln National (NYSE:LNC) last released its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.06. Lincoln National had a net margin of 9.02% and a return on equity of 12.32%. The company had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.25 billion. During the same quarter in the prior year, the business earned $1.97 earnings per share. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. On average, equities analysts predict that Lincoln National Co. will post 9.29 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.31%. The ex-dividend date was Tuesday, April 9th. Lincoln National’s payout ratio is currently 17.45%.

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Lincoln National Company Profile

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The Annuities segment offers variable, fixed, and indexed variable annuities.

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

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