Sapient Capital LLC Purchases Shares of 7,616 Lincoln National Co. (NYSE:LNC)

Sapient Capital LLC acquired a new position in Lincoln National Co. (NYSE:LNC) in the 4th quarter, Holdings Channel reports. The firm acquired 7,616 shares of the financial services provider’s stock, valued at approximately $205,000.

Other hedge funds have also made changes to their positions in the company. Financial Gravity Asset Management Inc. boosted its position in Lincoln National by 3,930.8% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 1,048 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 1,022 shares during the period. CVA Family Office LLC acquired a new position in shares of Lincoln National during the fourth quarter worth about $37,000. Highlander Capital Management LLC boosted its position in shares of Lincoln National by 200.0% in the fourth quarter. Highlander Capital Management LLC now owns 1,500 shares of the financial services provider’s stock worth $40,000 after buying an additional 1,000 shares during the period. Parkside Financial Bank & Trust grew its stake in shares of Lincoln National by 115.2% in the third quarter. Parkside Financial Bank & Trust now owns 1,752 shares of the financial services provider’s stock valued at $43,000 after buying an additional 938 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Lincoln National by 47.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 571 shares in the last quarter. Hedge funds and other institutional investors own 72.81% of the company’s stock.

Lincoln National Price Performance

NYSE LNC opened at $29.13 on Wednesday. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 3.98, a price-to-earnings-growth ratio of 0.18 and a beta of 1.80. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.87. The company has a 50-day moving average price of $28.53 and a two-hundred day moving average price of $26.68. Lincoln National Co. has a 52 week low of $18.50 and a 52 week high of $32.43.

Lincoln National (NYSE:LNC) last issued its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.13. The firm had revenue of $1.97 billion during the quarter, compared to analyst estimates of $4.44 billion. Lincoln National had a return on equity of 19.50% and a net margin of 11.31%. Analysts forecast that Lincoln National Co. will post 6.25 EPS for the current year.

Lincoln National Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th were given a $0.45 dividend. The ex-dividend date was Tuesday, April 9th. This represents a $1.80 dividend on an annualized basis and a yield of 6.18%. Lincoln National’s payout ratio is 24.62%.

Insider Buying and Selling at Lincoln National

In other news, Director Owen Ryan purchased 10,000 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was bought at an average cost of $25.90 per share, with a total value of $259,000.00. Following the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at $259,000. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LNC. JPMorgan Chase & Co. lifted their price objective on shares of Lincoln National from $26.00 to $29.00 and gave the company an “underweight” rating in a research note on Tuesday, April 2nd. Jefferies Financial Group upgraded Lincoln National from an “underperform” rating to a “hold” rating in a research note on Monday, February 12th. UBS Group boosted their target price on shares of Lincoln National from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 10th. Keefe, Bruyette & Woods increased their target price on Lincoln National from $30.00 to $32.00 and gave the stock a “market perform” rating in a report on Wednesday, April 10th. Finally, Piper Sandler dropped their price target on Lincoln National from $32.00 to $30.00 and set a “neutral” rating on the stock in a research report on Monday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Lincoln National currently has an average rating of “Hold” and a consensus price target of $28.27.

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.