Prevail Innovative Wealth Advisors LLC Has $1.65 Million Stake in Lincoln National Corporation $LNC

Prevail Innovative Wealth Advisors LLC boosted its position in shares of Lincoln National Corporation (NYSE:LNC) by 89.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 40,857 shares of the financial services provider’s stock after purchasing an additional 19,286 shares during the period. Prevail Innovative Wealth Advisors LLC’s holdings in Lincoln National were worth $1,648,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd lifted its holdings in shares of Lincoln National by 45.9% in the third quarter. Dynamic Technology Lab Private Ltd now owns 23,570 shares of the financial services provider’s stock valued at $951,000 after purchasing an additional 7,420 shares in the last quarter. Natixis Advisors LLC grew its holdings in shares of Lincoln National by 24.5% during the third quarter. Natixis Advisors LLC now owns 50,440 shares of the financial services provider’s stock valued at $2,034,000 after buying an additional 9,931 shares in the last quarter. Blair William & Co. IL raised its position in Lincoln National by 11.3% during the third quarter. Blair William & Co. IL now owns 9,972 shares of the financial services provider’s stock valued at $402,000 after buying an additional 1,011 shares during the period. First Trust Advisors LP raised its position in Lincoln National by 5.0% during the third quarter. First Trust Advisors LP now owns 4,879,862 shares of the financial services provider’s stock valued at $196,805,000 after buying an additional 234,415 shares during the period. Finally, Orion Porfolio Solutions LLC lifted its stake in Lincoln National by 314.9% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 30,673 shares of the financial services provider’s stock worth $1,237,000 after acquiring an additional 23,280 shares in the last quarter. 72.81% of the stock is owned by institutional investors and hedge funds.

Lincoln National Stock Performance

Shares of LNC stock opened at $34.03 on Monday. Lincoln National Corporation has a fifty-two week low of $27.58 and a fifty-two week high of $46.82. The stock’s 50-day moving average is $40.49 and its two-hundred day moving average is $41.17. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market cap of $6.47 billion, a P/E ratio of 6.41, a PEG ratio of 1.52 and a beta of 1.30.

Lincoln National (NYSE:LNC) last announced its quarterly earnings results on Thursday, February 12th. The financial services provider reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.35. The business had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.85 billion. Lincoln National had a return on equity of 18.52% and a net margin of 6.46%.The firm’s revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.91 EPS. Analysts predict that Lincoln National Corporation will post 7.69 earnings per share for the current fiscal year.

Lincoln National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 10th will be paid a $0.45 dividend. The ex-dividend date is Friday, April 10th. This represents a $1.80 dividend on an annualized basis and a yield of 5.3%. Lincoln National’s payout ratio is 33.90%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LNC. Morgan Stanley decreased their price objective on Lincoln National from $50.00 to $46.00 and set an “overweight” rating for the company in a research report on Tuesday, March 3rd. Jefferies Financial Group upped their target price on Lincoln National from $52.00 to $59.00 and gave the company a “buy” rating in a report on Monday, December 15th. Weiss Ratings reissued a “buy (b-)” rating on shares of Lincoln National in a research report on Monday, December 29th. TD Cowen reaffirmed a “hold” rating on shares of Lincoln National in a research report on Wednesday, January 28th. Finally, Piper Sandler upped their price objective on shares of Lincoln National from $42.00 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday, December 23rd. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $46.25.

Insider Buying and Selling at Lincoln National

In other Lincoln National news, major shareholder National Life Insuranc Lincoln bought 2,254,486 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was bought at an average cost of $11.09 per share, with a total value of $25,002,249.74. Following the completion of the transaction, the insider directly owned 9,784,322 shares of the company’s stock, valued at approximately $108,508,130.98. The trade was a 29.94% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Sean Woodroffe sold 10,000 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $34.46, for a total transaction of $344,600.00. Following the transaction, the executive vice president owned 206,159 shares in the company, valued at approximately $7,104,239.14. This trade represents a 4.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 16,569 shares of company stock valued at $627,484. 0.54% of the stock is currently owned by insiders.

About Lincoln National

Lincoln National Corporation, doing business as Lincoln Financial Group, is a diversified financial services holding company focused on providing retirement, insurance, and wealth management solutions in the United States and select international markets. Headquartered in Radnor, Pennsylvania, the company operates through several business segments, including Retirement Plan Services, Life Insurance, and Group Protection. Its offerings are designed to help individuals, families, and institutions plan and prepare for their financial futures.

The Retirement Plan Services segment delivers recordkeeping, administrative services, and investment management for defined contribution and defined benefit plans.