SignalPoint Asset Management LLC Grows Stake in Lincoln National Co. (NYSE:LNC)

SignalPoint Asset Management LLC raised its stake in Lincoln National Co. (NYSE:LNC) by 42.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,617 shares of the financial services provider’s stock after purchasing an additional 8,289 shares during the quarter. SignalPoint Asset Management LLC’s holdings in Lincoln National were worth $742,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in LNC. American Century Companies Inc. increased its position in shares of Lincoln National by 11.6% during the first quarter. American Century Companies Inc. now owns 17,600 shares of the financial services provider’s stock worth $1,151,000 after acquiring an additional 1,835 shares during the last quarter. Private Advisor Group LLC increased its position in shares of Lincoln National by 4.2% during the first quarter. Private Advisor Group LLC now owns 6,980 shares of the financial services provider’s stock worth $456,000 after acquiring an additional 284 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Lincoln National by 2,066.8% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 17,768 shares of the financial services provider’s stock worth $1,161,000 after acquiring an additional 16,948 shares during the last quarter. MetLife Investment Management LLC increased its position in shares of Lincoln National by 24.7% during the first quarter. MetLife Investment Management LLC now owns 46,808 shares of the financial services provider’s stock worth $3,059,000 after acquiring an additional 9,279 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its position in shares of Lincoln National by 107.8% during the first quarter. Panagora Asset Management Inc. now owns 10,455 shares of the financial services provider’s stock worth $683,000 after acquiring an additional 5,423 shares during the last quarter. 71.89% of the stock is owned by hedge funds and other institutional investors.

Lincoln National Price Performance

LNC stock traded up $0.04 during midday trading on Tuesday, reaching $26.02. The company had a trading volume of 211,397 shares, compared to its average volume of 3,338,396. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.20 and a current ratio of 0.20. The stock has a 50 day moving average price of $26.41 and a 200 day moving average price of $23.96. Lincoln National Co. has a fifty-two week low of $18.50 and a fifty-two week high of $54.59.

Lincoln National (NYSE:LNC) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.10. The company had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.65 billion. Lincoln National had a negative return on equity of 22.54% and a negative net margin of 18.67%. During the same period in the previous year, the firm posted $2.23 earnings per share. On average, equities analysts predict that Lincoln National Co. will post 7.15 earnings per share for the current fiscal year.

Lincoln National Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, October 9th. This represents a $1.80 annualized dividend and a dividend yield of 6.92%. Lincoln National’s dividend payout ratio is presently -10.23%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Piper Sandler lifted their target price on Lincoln National from $21.00 to $27.00 in a research report on Friday, July 7th. StockNews.com started coverage on Lincoln National in a report on Thursday, August 17th. They issued a “hold” rating for the company. Jefferies Financial Group boosted their price objective on Lincoln National from $18.00 to $19.00 and gave the company an “underperform” rating in a report on Thursday, September 14th. Barclays boosted their price objective on Lincoln National from $17.00 to $18.00 and gave the company an “underweight” rating in a report on Monday, August 7th. Finally, Wells Fargo & Company boosted their price objective on Lincoln National from $25.00 to $27.00 and gave the company an “equal weight” rating in a report on Tuesday, August 15th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $30.08.

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: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The company's Life Insurance segment provides life insurance products, including term insurance, such as single and survivorship versions of universal life insurance; variable universal life insurance; indexed universal life insurance products; and critical illness and long-term care riders.