Forvis Mazars Wealth Advisors LLC Buys 338 Shares of Lincoln National Co. (NYSE:LNC)

Forvis Mazars Wealth Advisors LLC grew its stake in shares of Lincoln National Co. (NYSE:LNC) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,199 shares of the financial services provider’s stock after buying an additional 338 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in Lincoln National were worth $355,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of LNC. Roman Butler Fullerton & Co. lifted its holdings in Lincoln National by 5.5% in the fourth quarter. Roman Butler Fullerton & Co. now owns 6,610 shares of the financial services provider’s stock worth $224,000 after buying an additional 343 shares during the period. Versant Capital Management Inc lifted its holdings in Lincoln National by 20.2% in the fourth quarter. Versant Capital Management Inc now owns 2,104 shares of the financial services provider’s stock worth $67,000 after buying an additional 354 shares during the period. Quarry LP lifted its holdings in Lincoln National by 23.2% in the third quarter. Quarry LP now owns 2,793 shares of the financial services provider’s stock worth $88,000 after buying an additional 526 shares during the period. Larson Financial Group LLC lifted its holdings in 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 worth $34,000 after buying an additional 530 shares during the period. Finally, Eads & Heald Wealth Management lifted its holdings in Lincoln National by 7.8% in the third quarter. Eads & Heald Wealth Management now owns 7,490 shares of the financial services provider’s stock worth $236,000 after buying an additional 545 shares during the period. 72.81% of the stock is owned by institutional investors.

Lincoln National Trading Down 0.3 %

NYSE:LNC opened at $37.42 on Tuesday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.80. Lincoln National Co. has a 12 month low of $25.60 and a 12 month high of $39.85. The company has a market cap of $6.37 billion, a PE ratio of 2.04, a price-to-earnings-growth ratio of 0.30 and a beta of 1.79. The company has a 50 day simple moving average of $33.97 and a two-hundred day simple moving average of $33.04.

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

Lincoln National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date is Thursday, April 10th. Lincoln National’s dividend payout ratio (DPR) is presently 9.79%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Barclays lifted their target price on shares of Lincoln National from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. StockNews.com upgraded shares of Lincoln National from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Evercore ISI lifted their target price on shares of Lincoln National from $41.00 to $44.00 and gave the company an “in-line” rating in a report on Wednesday, February 19th. TD Cowen lifted their target price on shares of Lincoln National from $34.00 to $37.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. Finally, Wells Fargo & Company lifted their target price on shares of Lincoln National from $28.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $37.10.

About Lincoln National

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.