Hillsdale Investment Management Inc. Acquires 350 Shares of Lincoln National Co. (NYSE:LNC)

Hillsdale Investment Management Inc. raised its holdings in Lincoln National Co. (NYSE:LNC) by 30.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,500 shares of the financial services provider’s stock after buying an additional 350 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Lincoln National were worth $48,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Larson Financial Group LLC increased its position 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 valued at $34,000 after purchasing an additional 530 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Lincoln National during the fourth quarter valued at about $36,000. Crews Bank & Trust purchased a new position in shares of Lincoln National during the fourth quarter valued at about $51,000. Versant Capital Management Inc raised its stake in Lincoln National by 20.2% in the fourth quarter. Versant Capital Management Inc now owns 2,104 shares of the financial services provider’s stock worth $67,000 after buying an additional 354 shares in the last quarter. Finally, Westend Capital Management LLC lifted its holdings in Lincoln National by 121.7% in the fourth quarter. Westend Capital Management LLC now owns 2,323 shares of the financial services provider’s stock worth $74,000 after buying an additional 1,275 shares during the period. 72.81% of the stock is owned by hedge funds and other institutional investors.

Lincoln National Price Performance

Shares of LNC opened at $37.38 on Tuesday. Lincoln National Co. has a twelve month low of $25.80 and a twelve month high of $39.85. The company has a market capitalization of $6.37 billion, a P/E ratio of 2.03, a price-to-earnings-growth ratio of 0.30 and a beta of 1.76. The firm has a 50 day moving average of $35.94 and a 200 day moving average of $33.79. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.80.

Lincoln National (NYSE:LNC) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.04. Lincoln National had a return on equity of 18.47% and a net margin of 17.76%. As a group, equities research analysts anticipate that Lincoln National Co. will post 7.69 earnings per share for the current fiscal year.

Lincoln National Announces Dividend

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 dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date of this dividend is Thursday, April 10th. Lincoln National’s payout ratio is presently 9.79%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on LNC shares. Keefe, Bruyette & Woods increased their target price on Lincoln National from $37.00 to $40.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 12th. Evercore ISI raised their price objective on Lincoln National from $41.00 to $44.00 and gave the company an “in-line” rating in a research report on Wednesday, February 19th. TD Cowen upped their target price on shares of Lincoln National from $34.00 to $37.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. Wells Fargo & Company boosted their price objective on shares of Lincoln National from $28.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. Finally, Barclays raised their target price on shares of Lincoln National from $36.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, Lincoln National presently has a consensus rating of “Hold” and a consensus price target of $37.40.

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.