Caisse Des Depots ET Consignations Takes $3.78 Million Position in Lincoln National Co. (NYSE:LNC)

Caisse Des Depots ET Consignations purchased a new position in shares of Lincoln National Co. (NYSE:LNC) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 119,079 shares of the financial services provider’s stock, valued at approximately $3,776,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Forvis Mazars Wealth Advisors LLC raised its stake in Lincoln National by 3.1% in the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 11,199 shares of the financial services provider’s stock valued at $355,000 after acquiring an additional 338 shares during the period. Roman Butler Fullerton & Co. grew its stake in Lincoln National by 5.5% in the 4th quarter. Roman Butler Fullerton & Co. now owns 6,610 shares of the financial services provider’s stock valued at $224,000 after buying an additional 343 shares during the last quarter. Hillsdale Investment Management Inc. lifted its position in Lincoln National by 30.4% during the fourth quarter. Hillsdale Investment Management Inc. now owns 1,500 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 350 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Lincoln National by 20.2% during the fourth quarter. Versant Capital Management Inc now owns 2,104 shares of the financial services provider’s stock worth $67,000 after acquiring an additional 354 shares during the period. Finally, Arizona State Retirement System boosted its holdings in shares of Lincoln National by 0.9% during the fourth quarter. Arizona State Retirement System now owns 49,394 shares of the financial services provider’s stock worth $1,566,000 after acquiring an additional 436 shares during the period. Institutional investors own 72.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LNC. Keefe, Bruyette & Woods lifted their price target on Lincoln National from $37.00 to $40.00 and gave the stock a “market perform” rating in a report on Wednesday, February 12th. TD Cowen boosted their target price on shares of Lincoln National from $34.00 to $37.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. Wells Fargo & Company upped their target price on Lincoln National from $28.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 19th. Evercore ISI lifted their price objective on shares of Lincoln National from $41.00 to $44.00 and gave the company an “in-line” rating in a research note on Wednesday, February 19th. Finally, Morgan Stanley lifted their price target 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. 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 data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $37.40.

Lincoln National Stock Down 0.7 %

Lincoln National stock opened at $37.41 on Thursday. The firm has a market cap of $6.38 billion, a price-to-earnings ratio of 2.04, a PEG 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 company has a debt-to-equity ratio of 0.80, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a 50 day moving average price of $36.16 and a two-hundred day moving average price of $33.87.

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

Lincoln National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 4.81%. The ex-dividend date of this dividend is Thursday, April 10th. Lincoln National’s dividend payout ratio (DPR) is 9.79%.

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.