715,633 Shares in Lincoln National Corporation $LNC Bought by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. bought a new position in shares of Lincoln National Corporation (NYSE:LNC) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 715,633 shares of the financial services provider’s stock, valued at approximately $31,867,000. Jupiter Asset Management Ltd. owned approximately 0.38% of Lincoln National at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. JPL Wealth Management LLC purchased a new stake in Lincoln National during the 3rd quarter worth about $29,000. V Square Quantitative Management LLC acquired a new position in shares of Lincoln National during the 4th quarter worth about $31,000. Laurel Wealth Advisors LLC acquired a new position in shares of Lincoln National during the 4th quarter worth about $38,000. Larson Financial Group LLC boosted its position in shares of Lincoln National by 61.8% during the 3rd quarter. Larson Financial Group LLC now owns 1,024 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 391 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in shares of Lincoln National during the 3rd quarter worth about $48,000. 72.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Barclays lowered their price objective on Lincoln National from $44.00 to $42.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. JPMorgan Chase & Co. lowered their price objective on Lincoln National from $42.00 to $40.00 and set an “underweight” rating for the company in a research report on Thursday, May 7th. UBS Group reaffirmed a “neutral” rating and set a $39.00 price objective on shares of Lincoln National in a research report on Thursday, May 14th. Weiss Ratings cut Lincoln National from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Finally, Keefe, Bruyette & Woods upped their target price on Lincoln National from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Five investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Lincoln National currently has an average rating of “Hold” and a consensus price target of $43.00.

Lincoln National Stock Performance

LNC opened at $35.12 on Friday. The stock has a market cap of $6.71 billion, a P/E ratio of 4.07, a P/E/G ratio of 2.26 and a beta of 1.20. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.25 and a quick ratio of 0.25. The stock’s 50 day simple moving average is $35.55 and its 200 day simple moving average is $38.97. Lincoln National Corporation has a 1-year low of $31.69 and a 1-year high of $46.82.

Lincoln National (NYSE:LNC) last released its quarterly earnings results on Thursday, May 7th. The financial services provider reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.08. The business had revenue of $4.87 billion for the quarter, compared to analysts’ expectations of $4.93 billion. Lincoln National had a return on equity of 18.07% and a net margin of 9.17%.The company’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.60 EPS. As a group, equities analysts anticipate that Lincoln National Corporation will post 7.7 EPS for the current fiscal year.

Lincoln National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Friday, July 10th. Lincoln National’s dividend payout ratio is 20.88%.

Insider Buying and Selling

In other Lincoln National news, EVP Sean Woodroffe sold 8,000 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $32.74, for a total transaction of $261,920.00. Following the sale, the executive vice president owned 198,159 shares in the company, valued at approximately $6,487,725.66. This represents a 3.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.03% of the company’s stock.

About Lincoln National

Lincoln National Corporation, doing business as Lincoln Financial Group, is a diversified financial services holding company focused on providing retirement, insurance, and wealth management solutions in the United States and select international markets. Headquartered in Radnor, Pennsylvania, the company operates through several business segments, including Retirement Plan Services, Life Insurance, and Group Protection. Its offerings are designed to help individuals, families, and institutions plan and prepare for their financial futures.

The Retirement Plan Services segment delivers recordkeeping, administrative services, and investment management for defined contribution and defined benefit plans.