Lincoln National Co. (NYSE:LNC) Holdings Raised by BOS Asset Management LLC

BOS Asset Management LLC increased its position in shares of Lincoln National Co. (NYSE:LNC) by 10.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,561 shares of the financial services provider’s stock after purchasing an additional 973 shares during the period. BOS Asset Management LLC’s holdings in Lincoln National were worth $333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division bought a new position in shares of Lincoln National in the 1st quarter worth about $25,000. Whittier Trust Co. raised its stake in Lincoln National by 106.7% during the second quarter. Whittier Trust Co. now owns 835 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 431 shares during the period. Adirondack Trust Co. bought a new position in Lincoln National in the second quarter worth about $31,000. Allspring Global Investments Holdings LLC boosted its stake in Lincoln National by 249.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,223 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 873 shares during the period. Finally, Westend Capital Management LLC bought a new position in shares of Lincoln National during the first quarter valued at approximately $40,000. Institutional investors and hedge funds own 72.81% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on LNC shares. Barclays raised their price target on Lincoln National from $35.00 to $36.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Bank of America reduced their price target on shares of Lincoln National from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. Morgan Stanley dropped their price objective on shares of Lincoln National from $30.00 to $29.00 and set an “equal weight” rating on the stock in a report on Monday, August 19th. Piper Sandler reduced their target price on shares of Lincoln National from $37.00 to $34.00 and set a “neutral” rating for the company in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Company raised their price target on shares of Lincoln National from $28.00 to $29.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, Lincoln National currently has a consensus rating of “Hold” and a consensus target price of $33.00.

Lincoln National Price Performance

Shares of NYSE:LNC opened at $33.62 on Thursday. The stock has a market cap of $5.72 billion, a price-to-earnings ratio of 4.60, a PEG ratio of 0.31 and a beta of 1.81. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.27 and a quick ratio of 0.27. Lincoln National Co. has a 12 month low of $20.85 and a 12 month high of $36.46. The stock’s 50 day moving average price is $31.02 and its 200 day moving average price is $30.84.

Lincoln National (NYSE:LNC) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.07. Lincoln National had a return on equity of 17.13% and a net margin of 12.24%. The company had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $4.65 billion. During the same quarter in the previous year, the business earned $2.02 EPS. Equities research analysts anticipate that Lincoln National Co. will post 5.73 earnings per share for the current fiscal year.

Lincoln National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date is Thursday, October 10th. Lincoln National’s payout ratio is 24.62%.

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.