Prudential PLC Purchases New Position in Lincoln National Corporation $LNC

Prudential PLC acquired a new stake in Lincoln National Corporation (NYSE:LNC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 20,900 shares of the financial services provider’s stock, valued at approximately $931,000.

Other institutional investors have also modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in shares of Lincoln National in the 4th quarter valued at approximately $31,000. JPL Wealth Management LLC bought a new stake in shares of Lincoln National in the 3rd quarter valued at approximately $29,000. Laurel Wealth Advisors LLC bought a new stake in shares of Lincoln National in the 4th quarter valued at approximately $38,000. Larson Financial Group LLC lifted its stake in shares of Lincoln National by 61.8% in the 3rd quarter. Larson Financial Group LLC now owns 1,024 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 391 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in shares of Lincoln National in the 3rd quarter valued at approximately $48,000. 72.81% of the stock is owned by institutional investors.

Lincoln National Price Performance

Shares of LNC stock opened at $34.75 on Monday. Lincoln National Corporation has a 52-week low of $31.69 and a 52-week high of $46.82. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.25 and a current ratio of 0.25. The firm has a market capitalization of $6.65 billion, a P/E ratio of 4.03, a P/E/G ratio of 2.23 and a beta of 1.17. The stock has a 50 day moving average price of $35.56 and a 200 day moving average price of $38.71.

Lincoln National (NYSE:LNC) last issued its quarterly earnings results on Thursday, May 7th. The financial services provider reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.08. The firm had revenue of $4.87 billion during the quarter, compared to analyst estimates of $4.93 billion. Lincoln National had a return on equity of 18.07% and a net margin of 9.17%.Lincoln National’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period last year, the company earned $1.60 EPS. As a group, sell-side analysts predict that Lincoln National Corporation will post 7.72 earnings per share for the current year.

Lincoln National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.80 dividend on an annualized basis and a yield of 5.2%. Lincoln National’s payout ratio is 20.88%.

Analysts Set New Price Targets

LNC has been the subject of several analyst reports. Wells Fargo & Company raised their price objective on Lincoln National from $43.00 to $44.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Bank of America lowered their price objective on Lincoln National from $41.00 to $37.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Morgan Stanley lowered their price objective on Lincoln National from $43.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. Keefe, Bruyette & Woods raised their price objective on Lincoln National from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Finally, UBS Group reissued a “neutral” rating and set a $39.00 price target on shares of Lincoln National in a research note on Thursday, May 14th. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $43.00.

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.