AlphaQuest LLC Purchases 14,256 Shares of Lincoln National Co. (NYSE:LNC)

AlphaQuest LLC lifted its position in Lincoln National Co. (NYSE:LNC) by 188.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,829 shares of the financial services provider’s stock after buying an additional 14,256 shares during the quarter. AlphaQuest LLC’s holdings in Lincoln National were worth $692,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC grew its stake in shares of Lincoln National by 95.3% in the third quarter. Larson Financial Group LLC now owns 1,086 shares of the financial services provider’s stock valued at $34,000 after buying an additional 530 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Lincoln National in the fourth quarter valued at $36,000. Meeder Asset Management Inc. bought a new position in shares of Lincoln National in the third quarter valued at $48,000. Crews Bank & Trust bought a new position in shares of Lincoln National in the fourth quarter valued at $51,000. Finally, Venturi Wealth Management LLC lifted its holdings in Lincoln National by 459.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,083 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 1,711 shares during the last quarter. 72.81% of the stock is owned by institutional investors.

Lincoln National Stock Up 1.8 %

LNC stock opened at $34.78 on Wednesday. The company has a market cap of $5.93 billion, a PE ratio of 1.89, a price-to-earnings-growth ratio of 0.30 and a beta of 1.76. The business has a 50-day simple moving average of $35.08 and a 200 day simple moving average of $33.51. Lincoln National Co. has a 52 week low of $25.80 and a 52 week high of $39.85. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.80.

Lincoln National (NYSE:LNC) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.04. Lincoln National had a return on equity of 18.47% and a net margin of 17.76%. Sell-side analysts anticipate that Lincoln National Co. will post 7.69 EPS for the current fiscal year.

Lincoln National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 5.17%. The ex-dividend date of this dividend is Thursday, April 10th. Lincoln National’s dividend payout ratio (DPR) is presently 9.79%.

Analyst Ratings Changes

LNC has been the subject of several research reports. Barclays raised their price target on Lincoln National from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Keefe, Bruyette & Woods raised their price target on Lincoln National from $37.00 to $40.00 and gave the company a “market perform” rating in a report on Wednesday, February 12th. TD Cowen raised their price target on Lincoln National from $34.00 to $37.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. Morgan Stanley raised their price target on Lincoln National from $39.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Finally, Wells Fargo & Company lifted their target price on Lincoln National from $28.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Lincoln National has an average rating of “Hold” and a consensus price target of $37.40.

Lincoln National Company Profile

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.