New Age Alpha Advisors LLC Invests $745,000 in Lincoln National Co. (NYSE:LNC)

New Age Alpha Advisors LLC bought a new stake in Lincoln National Co. (NYSE:LNC) during the 4th quarter, Holdings Channel reports. The institutional investor bought 23,508 shares of the financial services provider’s stock, valued at approximately $745,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. M Holdings Securities Inc. acquired a new stake in shares of Lincoln National during the 4th quarter worth about $29,000. SBI Securities Co. Ltd. acquired a new stake in Lincoln National during the fourth quarter worth approximately $36,000. Hillsdale Investment Management Inc. lifted its position in shares of Lincoln National by 30.4% during the 4th quarter. Hillsdale Investment Management Inc. now owns 1,500 shares of the financial services provider’s stock worth $48,000 after buying an additional 350 shares during the last quarter. Crews Bank & Trust acquired a new position in shares of Lincoln National in the 4th quarter valued at $51,000. Finally, Versant Capital Management Inc grew its position in shares of Lincoln National by 20.2% in the 4th quarter. Versant Capital Management Inc now owns 2,104 shares of the financial services provider’s stock valued at $67,000 after buying an additional 354 shares during the last quarter. 72.81% of the stock is currently owned by institutional investors and hedge funds.

Lincoln National Trading Up 0.7 %

NYSE LNC opened at $35.93 on Tuesday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $6.12 billion, a P/E ratio of 1.96, a P/E/G ratio of 0.30 and a beta of 1.76. Lincoln National Co. has a 52-week low of $25.80 and a 52-week high of $39.85. The firm has a 50-day moving average price of $36.35 and a 200 day moving average price of $34.06.

Lincoln National (NYSE:LNC) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.91 earnings per share (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%. Equities research analysts expect that Lincoln National Co. will post 7.69 EPS for the current year.

Lincoln National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date is Thursday, April 10th. Lincoln National’s dividend payout ratio (DPR) is currently 9.79%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LNC. Wells Fargo & Company upped their price objective on shares of Lincoln National from $28.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods raised their price target on Lincoln National from $37.00 to $40.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 12th. Morgan Stanley boosted their price objective on Lincoln National from $39.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Barclays raised their target price on shares of Lincoln National from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Finally, Evercore ISI raised their price objective on shares of Lincoln National from $41.00 to $44.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $37.40.

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.