Signaturefd LLC Has $563,000 Position in Lincoln National Co. (NYSE:LNC)

Signaturefd LLC lessened its holdings in Lincoln National Co. (NYSE:LNC) by 14.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,755 shares of the financial services provider’s stock after selling 3,053 shares during the period. Signaturefd LLC’s holdings in Lincoln National were worth $563,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Principal Financial Group Inc. boosted its position in Lincoln National by 7.2% during the 3rd quarter. Principal Financial Group Inc. now owns 3,309,453 shares of the financial services provider’s stock worth $104,281,000 after acquiring an additional 223,129 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Lincoln National by 19.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 64,658 shares of the financial services provider’s stock worth $2,050,000 after purchasing an additional 10,560 shares during the period. Proficio Capital Partners LLC purchased a new position in Lincoln National during the fourth quarter valued at approximately $1,050,000. Range Financial Group LLC acquired a new position in Lincoln National in the 4th quarter valued at approximately $1,075,000. Finally, Amundi lifted its position in Lincoln National by 92.0% in the 4th quarter. Amundi now owns 119,294 shares of the financial services provider’s stock worth $3,747,000 after buying an additional 57,152 shares in the last quarter. Hedge funds and other institutional investors own 72.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on LNC shares. Keefe, Bruyette & Woods upped their price target on shares of Lincoln National from $37.00 to $40.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 12th. Wells Fargo & Company raised their price target 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. Barclays upped their price objective on shares of Lincoln National from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. TD Cowen raised their target price on Lincoln National from $34.00 to $37.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. Finally, Evercore ISI upped their price target on Lincoln National from $41.00 to $44.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Lincoln National presently has a consensus rating of “Hold” and a consensus price target of $37.40.

Lincoln National Price Performance

NYSE LNC opened at $37.04 on Thursday. The stock has a market capitalization of $6.31 billion, a PE ratio of 2.02, a P/E/G ratio of 0.30 and a beta of 1.76. The stock has a 50-day simple moving average of $35.59 and a 200 day simple moving average of $33.67. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.27 and a current ratio of 0.27. Lincoln National Co. has a twelve month low of $25.80 and a twelve month high of $39.85.

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

Lincoln National Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.80 annualized dividend and a yield of 4.86%. Lincoln National’s dividend payout ratio is 9.79%.

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.