North Star Investment Management Corp. lifted its holdings in Lincoln National Co. (NYSE:LNC) by 45.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,615 shares of the financial services provider’s stock after acquiring an additional 1,749 shares during the period. North Star Investment Management Corp.’s holdings in Lincoln National were worth $432,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in LNC. Teachers Retirement System of The State of Kentucky grew its holdings in Lincoln National by 84.2% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 544,208 shares of the financial services provider’s stock valued at $36,777,000 after purchasing an additional 248,800 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in Lincoln National during the 2nd quarter valued at $1,759,000. First Merchants Corp acquired a new stake in Lincoln National during the 3rd quarter valued at $735,000. Csenge Advisory Group acquired a new stake in Lincoln National during the 3rd quarter valued at $272,000. Finally, Twin Capital Management Inc. grew its holdings in Lincoln National by 8.5% during the 3rd quarter. Twin Capital Management Inc. now owns 201,505 shares of the financial services provider’s stock valued at $14,806,000 after purchasing an additional 15,803 shares in the last quarter. 80.32% of the stock is owned by institutional investors.
Lincoln National Co. (NYSE:LNC) opened at $84.37 on Friday. The firm has a market cap of $18,460.00, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 1.15 and a beta of 2.01. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.30. Lincoln National Co. has a fifty-two week low of $61.45 and a fifty-two week high of $84.75.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be given a $0.33 dividend. This is an increase from Lincoln National’s previous quarterly dividend of $0.29. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Tuesday, January 9th. Lincoln National’s dividend payout ratio (DPR) is presently 20.59%.
LNC has been the subject of a number of recent analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $86.00 price target on shares of Lincoln National in a report on Friday, December 8th. Zacks Investment Research lowered shares of Lincoln National from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Goldman Sachs Group initiated coverage on shares of Lincoln National in a report on Wednesday, October 18th. They set a “sell” rating and a $71.00 price target for the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $89.00 price target on shares of Lincoln National in a report on Friday, December 22nd. Finally, Wells Fargo & Co set a $80.00 price target on shares of Lincoln National and gave the company a “hold” rating in a report on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. Lincoln National has an average rating of “Buy” and a consensus target price of $83.27.
Lincoln National Company Profile
Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The Company sells a range of wealth protection, accumulation and retirement income products and solutions, through its business segments. The Company operates through four segments: Annuities segment, which offers fixed (including indexed) and variable annuities; Retirement Plan Services segment, which provides employers with retirement plan products and services; Life Insurance segment, which focuses on the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products.
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