Y Intercept Hong Kong Ltd Acquires 21,756 Shares of Lincoln National Corporation $LNC

Y Intercept Hong Kong Ltd increased its holdings in shares of Lincoln National Corporation (NYSE:LNC) by 57.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 59,742 shares of the financial services provider’s stock after purchasing an additional 21,756 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Lincoln National were worth $2,409,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of LNC. Phillips Financial Management LLC grew its holdings in shares of Lincoln National by 1.2% during the 3rd quarter. Phillips Financial Management LLC now owns 21,857 shares of the financial services provider’s stock worth $881,000 after purchasing an additional 254 shares in the last quarter. Assetmark Inc. increased its stake in shares of Lincoln National by 5.2% in the second quarter. Assetmark Inc. now owns 5,401 shares of the financial services provider’s stock valued at $187,000 after buying an additional 268 shares during the period. Evergreen Capital Management LLC raised its stake in shares of Lincoln National by 3.2% during the second quarter. Evergreen Capital Management LLC now owns 8,815 shares of the financial services provider’s stock valued at $305,000 after acquiring an additional 275 shares during the last quarter. Signaturefd LLC lifted its holdings in Lincoln National by 1.7% during the 3rd quarter. Signaturefd LLC now owns 17,927 shares of the financial services provider’s stock worth $723,000 after buying an additional 297 shares during the period. Finally, Focus Financial Network Inc. lifted its stake in shares of Lincoln National by 4.0% in the third quarter. Focus Financial Network Inc. now owns 7,821 shares of the financial services provider’s stock worth $315,000 after acquiring an additional 300 shares during the period. 72.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Owen Ryan acquired 2,000 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was bought at an average cost of $42.17 per share, for a total transaction of $84,340.00. Following the purchase, the director owned 12,000 shares in the company, valued at approximately $506,040. This represents a 20.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John Christopher Kennedy sold 3,519 shares of Lincoln National stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $44.15, for a total value of $155,363.85. Following the transaction, the executive vice president owned 118,985 shares in the company, valued at approximately $5,253,187.75. The trade was a 2.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.54% of the company’s stock.

Lincoln National Price Performance

Shares of LNC traded up $0.34 during trading hours on Wednesday, reaching $41.21. 26,658 shares of the stock traded hands, compared to its average volume of 1,621,210. The company’s 50-day moving average price is $43.12 and its two-hundred day moving average price is $40.86. The company has a market cap of $7.83 billion, a P/E ratio of 3.70, a price-to-earnings-growth ratio of 0.44 and a beta of 1.32. Lincoln National Corporation has a 52-week low of $27.58 and a 52-week high of $46.82. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.61.

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, beating the consensus estimate of $1.84 by $0.20. Lincoln National had a return on equity of 18.77% and a net margin of 11.49%.The business had revenue of $4.56 billion during the quarter, compared to analysts’ expectations of $4.80 billion. During the same quarter last year, the business posted $2.06 EPS. On average, analysts anticipate that Lincoln National Corporation will post 7.69 earnings per share for the current year.

Lincoln National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, January 12th will be paid a $0.45 dividend. The ex-dividend date is Monday, January 12th. This represents a $1.80 dividend on an annualized basis and a yield of 4.4%. Lincoln National’s dividend payout ratio (DPR) is 16.16%.

Analyst Upgrades and Downgrades

LNC has been the subject of several research analyst reports. Wells Fargo & Company lifted their price target on shares of Lincoln National from $39.00 to $41.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. Keefe, Bruyette & Woods boosted their price target on shares of Lincoln National from $43.00 to $44.00 and gave the company a “market perform” rating in a research report on Monday, November 3rd. Evercore ISI increased their target price on shares of Lincoln National from $45.00 to $46.00 and gave the stock an “in-line” rating in a research note on Thursday, October 9th. Mizuho assumed coverage on shares of Lincoln National in a research note on Tuesday, December 16th. They set an “outperform” rating and a $52.00 price target on the stock. Finally, Piper Sandler increased their price objective on Lincoln National from $42.00 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, December 23rd. Four equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $46.25.

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.