Lincoln National Corporation (LNC) To Go Ex-Dividend on January 12th

Lincoln National Corporation (NYSE:LNC) declared a quarterly dividend on Thursday, November 13th. Shareholders of record on Monday, January 12th will be paid a dividend of 0.45 per share by the financial services provider on Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, January 12th.

Lincoln National has raised its dividend payment by an average of 0.0%annually over the last three years. Lincoln National has a dividend payout ratio of 23.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Lincoln National to earn $8.35 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 21.6%.

Lincoln National Price Performance

NYSE:LNC opened at $43.79 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.61. Lincoln National has a 52 week low of $27.58 and a 52 week high of $46.82. The stock’s 50-day moving average price is $43.04 and its 200-day moving average price is $40.21. The stock has a market capitalization of $8.32 billion, a PE ratio of 3.93, a price-to-earnings-growth ratio of 0.44 and a beta of 1.32.

Lincoln National (NYSE:LNC) last released its quarterly earnings results on Thursday, October 30th. The financial services provider reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.20. The company had revenue of $4.56 billion during the quarter, compared to analysts’ expectations of $4.80 billion. Lincoln National had a return on equity of 18.77% and a net margin of 11.49%.During the same quarter in the prior year, the firm posted $2.06 EPS. As a group, equities analysts expect that Lincoln National will post 7.69 EPS for the current fiscal year.

Insider Transactions at Lincoln National

In other Lincoln National news, Director Owen Ryan purchased 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were purchased at an average cost of $42.17 per share, with a total value of $84,340.00. Following the completion of the purchase, the director owned 12,000 shares in the company, valued at approximately $506,040. This represents a 20.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, EVP John Christopher Kennedy sold 3,519 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $44.15, for a total transaction of $155,363.85. Following the sale, the executive vice president directly owned 118,985 shares of the company’s stock, valued at approximately $5,253,187.75. This represents a 2.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.51% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lincoln National

Institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew its holdings in shares of Lincoln National by 30.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 203,931 shares of the financial services provider’s stock valued at $8,180,000 after purchasing an additional 47,419 shares during the period. Jump Financial LLC boosted its holdings in Lincoln National by 72.9% in the 2nd quarter. Jump Financial LLC now owns 245,776 shares of the financial services provider’s stock valued at $8,504,000 after purchasing an additional 103,591 shares during the last quarter. Focus Financial Network Inc. purchased a new stake in shares of Lincoln National in the 2nd quarter valued at approximately $260,000. Advisors Capital Management LLC increased its holdings in shares of Lincoln National by 1.6% during the 2nd quarter. Advisors Capital Management LLC now owns 550,493 shares of the financial services provider’s stock worth $19,047,000 after buying an additional 8,901 shares during the last quarter. Finally, Osaic Holdings Inc. increased its holdings in shares of Lincoln National by 61.0% during the 2nd quarter. Osaic Holdings Inc. now owns 250,751 shares of the financial services provider’s stock worth $8,678,000 after buying an additional 95,015 shares during the last quarter. Hedge funds and other institutional investors own 72.81% of the company’s stock.

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.