United Services Automobile Association Boosts Stake in Lincoln National Co. (LNC)

United Services Automobile Association lifted its stake in shares of Lincoln National Co. (NYSE:LNC) by 1.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 153,928 shares of the financial services provider’s stock after buying an additional 2,796 shares during the quarter. United Services Automobile Association owned about 0.07% of Lincoln National worth $7,898,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of LNC. JPMorgan Chase & Co. lifted its stake in shares of Lincoln National by 59.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,919,511 shares of the financial services provider’s stock worth $806,475,000 after buying an additional 4,457,743 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in Lincoln National by 5,290.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,956,873 shares of the financial services provider’s stock worth $77,000 after acquiring an additional 3,883,468 shares during the period. Prudential Financial Inc. increased its position in Lincoln National by 109.4% during the fourth quarter. Prudential Financial Inc. now owns 1,328,483 shares of the financial services provider’s stock worth $68,165,000 after acquiring an additional 694,063 shares during the period. Acadian Asset Management LLC increased its position in Lincoln National by 47.4% during the fourth quarter. Acadian Asset Management LLC now owns 1,714,824 shares of the financial services provider’s stock worth $87,992,000 after acquiring an additional 551,058 shares during the period. Finally, Schroder Investment Management Group increased its position in Lincoln National by 69.9% during the third quarter. Schroder Investment Management Group now owns 1,180,918 shares of the financial services provider’s stock worth $79,901,000 after acquiring an additional 486,050 shares during the period. Institutional investors own 78.96% of the company’s stock.

NYSE:LNC opened at $62.72 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.19 and a current ratio of 0.19. Lincoln National Co. has a 52 week low of $48.07 and a 52 week high of $78.35. The stock has a market cap of $12.81 billion, a P/E ratio of 7.40, a price-to-earnings-growth ratio of 0.74 and a beta of 1.93.

Lincoln National (NYSE:LNC) last released its earnings results on Wednesday, February 6th. The financial services provider reported $2.15 EPS for the quarter, beating the consensus estimate of $2.13 by $0.02. Lincoln National had a net margin of 9.92% and a return on equity of 12.41%. The firm had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same period last year, the firm earned $1.98 EPS. The business’s quarterly revenue was up 16.4% compared to the same quarter last year. Equities research analysts anticipate that Lincoln National Co. will post 9.16 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.36%. The ex-dividend date is Tuesday, April 9th. Lincoln National’s dividend payout ratio is currently 17.45%.

In other Lincoln National news, EVP Jamie Ohl sold 7,263 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $61.70, for a total value of $448,127.10. Following the transaction, the executive vice president now directly owns 23,159 shares of the company’s stock, valued at approximately $1,428,910.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Dennis R. Glass sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $60.49, for a total transaction of $604,900.00. The disclosure for this sale can be found here. 6.31% of the stock is owned by company insiders.

A number of research firms recently commented on LNC. ValuEngine raised shares of Lincoln National from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 27th. Zacks Investment Research raised shares of Lincoln National from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a research report on Monday, December 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. Lincoln National currently has an average rating of “Hold” and a consensus target price of $74.69.

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Lincoln National Company Profile

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The company sells a range of wealth protection, accumulation, and retirement income products and solutions.

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Institutional Ownership by Quarter for Lincoln National (NYSE:LNC)

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