Access Investment Management LLC Has $6.23 Million Stake in Lincoln National Co. (NYSE:LNC)

Access Investment Management LLC cut its position in Lincoln National Co. (NYSE:LNC) by 2.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 196,500 shares of the financial services provider’s stock after selling 5,000 shares during the quarter. Lincoln National accounts for 1.8% of Access Investment Management LLC’s investment portfolio, making the stock its 19th largest holding. Access Investment Management LLC’s holdings in Lincoln National were worth $6,231,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Blue Trust Inc. increased its stake in shares of Lincoln National by 535.5% in the third quarter. Blue Trust Inc. now owns 1,074 shares of the financial services provider’s stock valued at $33,000 after buying an additional 905 shares in the last quarter. Larson Financial Group LLC grew its holdings in Lincoln National by 95.3% during the 3rd quarter. Larson Financial Group LLC now owns 1,086 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 530 shares during the last quarter. Eastern Bank acquired a new stake in Lincoln National in the 3rd quarter valued at about $40,000. Meeder Asset Management Inc. bought a new position in shares of Lincoln National in the third quarter worth about $48,000. Finally, Crews Bank & Trust bought a new position in shares of Lincoln National in the fourth quarter worth about $51,000. 72.81% of the stock is currently owned by institutional investors.

Lincoln National Price Performance

Lincoln National stock opened at $37.55 on Friday. The firm has a market capitalization of $6.40 billion, a P/E ratio of 2.04, a PEG ratio of 0.30 and a beta of 1.79. The business has a 50-day moving average of $33.89 and a 200-day moving average of $32.95. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.80. Lincoln National Co. has a 1 year low of $25.60 and a 1 year high of $39.85.

Lincoln National (NYSE:LNC) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.91 earnings per share for the quarter, topping 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%. On average, equities analysts anticipate that Lincoln National Co. will post 7.69 EPS for the current year.

Lincoln National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.79%. The ex-dividend date of this dividend is Thursday, April 10th. Lincoln National’s dividend payout ratio (DPR) is presently 9.79%.

Analyst Upgrades and Downgrades

LNC has been the subject of a number of research reports. 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. Keefe, Bruyette & Woods lifted their target price on Lincoln National from $37.00 to $40.00 and gave the company a “market perform” rating in a research note on Wednesday, February 12th. StockNews.com raised Lincoln National from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. TD Cowen raised their price target 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 boosted their price objective on Lincoln National from $41.00 to $44.00 and gave the stock an “in-line” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $37.10.

Lincoln National 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.