Hexagon Capital Partners LLC Has $110,000 Stock Holdings in Lincoln National Co. (NYSE:LNC)

Hexagon Capital Partners LLC lifted its position in shares of Lincoln National Co. (NYSE:LNC) by 13.3% in the third quarter, Holdings Channel reports. The institutional investor owned 3,502 shares of the financial services provider’s stock after acquiring an additional 411 shares during the period. Hexagon Capital Partners LLC’s holdings in Lincoln National were worth $110,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of LNC. Oracle Alpha Inc. bought a new stake in Lincoln National in the 4th quarter valued at about $425,000. GSA Capital Partners LLP boosted its stake in shares of Lincoln National by 1,032.2% in the fourth quarter. GSA Capital Partners LLP now owns 105,777 shares of the financial services provider’s stock valued at $2,853,000 after buying an additional 96,434 shares during the period. Abel Hall LLC acquired a new stake in Lincoln National during the fourth quarter worth approximately $307,000. Transcendent Capital Group LLC bought a new position in Lincoln National during the 4th quarter worth $35,000. Finally, Vanguard Group Inc. raised its holdings in Lincoln National by 5.3% in the 4th quarter. Vanguard Group Inc. now owns 21,688,670 shares of the financial services provider’s stock valued at $584,943,000 after acquiring an additional 1,094,789 shares in the last quarter. Institutional investors own 72.81% of the company’s stock.

Lincoln National Price Performance

LNC stock opened at $31.44 on Friday. The company has a market capitalization of $5.35 billion, a P/E ratio of 4.30, a PEG ratio of 0.31 and a beta of 1.81. The company has a fifty day moving average price of $30.72 and a 200-day moving average price of $30.79. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.27 and a current ratio of 0.27. Lincoln National Co. has a 52-week low of $20.85 and a 52-week high of $36.46.

Lincoln National (NYSE:LNC) last announced its earnings results on Thursday, August 1st. The financial services provider reported $1.84 EPS for the quarter, topping the consensus estimate of $1.77 by $0.07. The firm had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $4.65 billion. Lincoln National had a return on equity of 17.13% and a net margin of 12.24%. During the same period in the previous year, the business earned $2.02 EPS. As a group, equities analysts expect that Lincoln National Co. will post 5.71 EPS for the current year.

Lincoln National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 5.73%. The ex-dividend date is Thursday, October 10th. Lincoln National’s payout ratio is presently 24.62%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. StockNews.com lowered Lincoln National from a “hold” rating to a “sell” rating in a report on Thursday. Jefferies Financial Group increased their price objective on shares of Lincoln National from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, June 28th. Wells Fargo & Company boosted their target price on shares of Lincoln National from $28.00 to $29.00 and gave the company an “equal weight” rating in a research report on Thursday. JPMorgan Chase & Co. increased their price target on shares of Lincoln National from $28.00 to $34.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 2nd. Finally, Morgan Stanley lowered their price objective on shares of Lincoln National from $30.00 to $29.00 and set an “equal weight” rating for the company in a research report on Monday, August 19th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Lincoln National currently has an average rating of “Hold” and a consensus target price of $33.00.

Lincoln National 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.