Capital Investment Advisory Services LLC Buys 1,352 Shares of Lincoln National Co. (NYSE:LNC)

Capital Investment Advisory Services LLC increased its stake in shares of Lincoln National Co. (NYSE:LNC) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,502 shares of the financial services provider’s stock after acquiring an additional 1,352 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Lincoln National were worth $1,189,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp lifted its stake in shares of Lincoln National by 1.3% in the third quarter. State Street Corp now owns 6,227,993 shares of the financial services provider’s stock valued at $196,244,000 after buying an additional 79,955 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Lincoln National by 4.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,763,703 shares of the financial services provider’s stock valued at $150,104,000 after buying an additional 193,025 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Lincoln National by 4.7% in the third quarter. Geode Capital Management LLC now owns 3,373,487 shares of the financial services provider’s stock valued at $106,322,000 after buying an additional 152,622 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Lincoln National by 7.2% in the third quarter. Principal Financial Group Inc. now owns 3,309,453 shares of the financial services provider’s stock valued at $104,281,000 after buying an additional 223,129 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its stake in shares of Lincoln National by 9.7% in the third quarter. Two Sigma Advisers LP now owns 2,355,000 shares of the financial services provider’s stock valued at $74,206,000 after buying an additional 207,800 shares in the last quarter. 72.81% of the stock is owned by institutional investors.

Insider Activity at Lincoln National

In other news, EVP John Christopher Kennedy sold 2,863 shares of Lincoln National stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $36.00, for a total value of $103,068.00. Following the completion of the transaction, the executive vice president now owns 99,644 shares of the company’s stock, valued at $3,587,184. The trade was a 2.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

LNC has been the topic of a number of recent research reports. Wells Fargo & Company dropped their price objective on shares of Lincoln National from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Barclays dropped their price target on shares of Lincoln National from $38.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. StockNews.com raised shares of Lincoln National from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, TD Cowen raised their price target on shares of Lincoln National from $34.00 to $37.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. 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. According to MarketBeat.com, Lincoln National has an average rating of “Hold” and a consensus price target of $33.40.

Lincoln National Price Performance

Shares of Lincoln National stock opened at $35.36 on Friday. Lincoln National Co. has a 52-week low of $25.09 and a 52-week high of $36.98. The stock has a market capitalization of $6.02 billion, a price-to-earnings ratio of 25.25, a price-to-earnings-growth ratio of 0.27 and a beta of 1.78. The company has a fifty day moving average of $33.01 and a 200-day moving average of $32.39. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.27 and a current ratio of 0.27.

Lincoln National (NYSE:LNC) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.42. The business had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.61 billion. Lincoln National had a net margin of 2.51% and a return on equity of 18.15%. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 EPS. Equities research analysts expect that Lincoln National Co. will post 6.97 EPS for the current year.

Lincoln National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 5.09%. The ex-dividend date of this dividend is Friday, January 10th. Lincoln National’s dividend payout ratio is currently 128.57%.

Lincoln National Company 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.