Western Wealth Management LLC Makes New $386,000 Investment in Lincoln National Corporation $LNC

Western Wealth Management LLC purchased a new stake in shares of Lincoln National Corporation (NYSE:LNC) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,884 shares of the financial services provider’s stock, valued at approximately $386,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new stake in Lincoln National during the 4th quarter valued at $31,000. Transamerica Financial Advisors LLC acquired a new position in Lincoln National during the fourth quarter valued at $32,000. JPL Wealth Management LLC purchased a new stake in Lincoln National in the 3rd quarter worth about $29,000. Los Angeles Capital Management LLC purchased a new position in Lincoln National during the 4th quarter valued at about $34,000. Finally, Laurel Wealth Advisors LLC acquired a new position in shares of Lincoln National in the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 72.81% of the company’s stock.

Lincoln National Stock Performance

LNC stock opened at $46.97 on Wednesday. The firm has a 50 day moving average of $38.66 and a two-hundred day moving average of $37.49. Lincoln National Corporation has a 12 month low of $32.18 and a 12 month high of $47.08. The company has a market capitalization of $8.99 billion, a price-to-earnings ratio of 4.07, a P/E/G ratio of 1.65 and a beta of 1.15. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.62.

Lincoln National (NYSE:LNC) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.28. Lincoln National had a net margin of 12.21% and a return on equity of 17.35%. The business had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter last year, the firm earned $2.36 EPS. Lincoln National’s revenue for the quarter was up 12.3% on a year-over-year basis. As a group, equities analysts anticipate that Lincoln National Corporation will post 7.85 EPS for the current fiscal year.

Lincoln National Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 3.8%. The ex-dividend date was Friday, July 10th. Lincoln National’s dividend payout ratio (DPR) is 15.60%.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. UBS Group boosted their price objective on shares of Lincoln National from $39.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Keefe, Bruyette & Woods lifted their target price on shares of Lincoln National from $46.00 to $51.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Barclays raised shares of Lincoln National from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $42.00 to $45.00 in a research note on Monday, July 6th. Bank of America reissued a “neutral” rating and set a $47.00 price objective on shares of Lincoln National in a research report on Thursday, July 30th. Finally, Morgan Stanley lowered their target price on Lincoln National from $43.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. Seven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $46.43.

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.