DMC Group LLC Makes New Investment in Lincoln National Co. (NYSE:LNC)

DMC Group LLC acquired a new stake in Lincoln National Co. (NYSE:LNC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 17,499 shares of the financial services provider’s stock, valued at approximately $555,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in 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 purchasing an additional 223,129 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Lincoln National by 2.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,271 shares of the financial services provider’s stock valued at $1,252,000 after buying an additional 1,121 shares during the period. Mackenzie Financial Corp purchased a new stake in shares of Lincoln National in the second quarter worth about $1,548,000. Range Financial Group LLC acquired a new stake in Lincoln National during the fourth quarter worth about $1,075,000. Finally, Nisa Investment Advisors LLC raised its position in 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 valued at $2,050,000 after acquiring an additional 10,560 shares in the last quarter. Institutional investors and hedge funds own 72.81% of the company’s stock.

Lincoln National Trading Up 3.7 %

LNC stock opened at $35.35 on Thursday. Lincoln National Co. has a 12-month low of $25.09 and a 12-month high of $36.98. The business’s 50-day moving average is $33.00 and its 200 day moving average is $32.36. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.73. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of 25.25, a PEG ratio of 0.26 and a beta of 1.78.

Lincoln National (NYSE:LNC) last issued its quarterly earnings results on Thursday, October 31st. The financial services provider reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.42. Lincoln National had a return on equity of 18.15% and a net margin of 2.51%. The firm had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.61 billion. During the same period in the previous year, the company posted $0.23 earnings per share. The business’s revenue was down 2.2% on a year-over-year basis. On average, sell-side analysts anticipate that Lincoln National Co. will post 6.97 EPS for the current fiscal year.

Lincoln National Dividend Announcement

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

Analyst Ratings Changes

LNC has been the topic of several recent research reports. Piper Sandler lowered their price objective on Lincoln National from $37.00 to $34.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 2nd. StockNews.com raised shares of Lincoln National from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Wells Fargo & Company cut their price objective on shares of Lincoln National from $29.00 to $28.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Barclays lowered their target price on shares of Lincoln National from $38.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Finally, TD Cowen lifted their price target on Lincoln National from $34.00 to $37.00 and gave the company a “hold” rating in a research note 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $33.40.

Insider Activity

In related news, EVP John Christopher Kennedy sold 2,863 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now owns 99,644 shares of the company’s stock, valued at approximately $3,587,184. This trade represents a 2.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.54% of the company’s stock.

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.