Quantbot Technologies LP Boosts Stock Holdings in Lincoln National Co. (NYSE:LNC)

Quantbot Technologies LP lifted its holdings in shares of Lincoln National Co. (NYSE:LNC) by 46.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 198,557 shares of the financial services provider’s stock after buying an additional 62,929 shares during the quarter. Quantbot Technologies LP owned about 0.12% of Lincoln National worth $6,175,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GSA Capital Partners LLP boosted its stake in Lincoln National by 1,032.2% in the 4th quarter. GSA Capital Partners LLP now owns 105,777 shares of the financial services provider’s stock worth $2,853,000 after purchasing an additional 96,434 shares during the period. First Eagle Investment Management LLC increased its holdings in Lincoln National by 33.0% during the 1st quarter. First Eagle Investment Management LLC now owns 387,800 shares of the financial services provider’s stock worth $12,382,000 after acquiring an additional 96,200 shares during the period. Cantor Fitzgerald Investment Advisors L.P. purchased a new position in shares of Lincoln National during the 4th quarter valued at $2,263,000. Vanguard Group Inc. increased its holdings in shares of Lincoln National by 0.8% in the first quarter. Vanguard Group Inc. now owns 21,854,837 shares of the financial services provider’s stock worth $697,825,000 after purchasing an additional 166,167 shares during the period. Finally, Crestline Management LP raised its position in shares of Lincoln National by 75.0% in the fourth quarter. Crestline Management LP now owns 105,000 shares of the financial services provider’s stock worth $2,832,000 after buying an additional 45,000 shares in the last quarter. 72.81% of the stock is owned by institutional investors.

Lincoln National Price Performance

Shares of Lincoln National stock opened at $29.45 on Monday. The firm has a market cap of $5.01 billion, a PE ratio of 4.03, a price-to-earnings-growth ratio of 0.29 and a beta of 1.81. The company’s fifty day simple moving average is $31.20 and its two-hundred day simple moving average is $30.34. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.82. Lincoln National Co. has a 12-month low of $20.85 and a 12-month high of $36.46.

Lincoln National (NYSE:LNC) last announced its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.07. Lincoln National had a return on equity of 17.13% and a net margin of 12.24%. The company had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $4.65 billion. During the same quarter in the previous year, the business earned $2.02 EPS. As a group, equities analysts expect that Lincoln National Co. will post 5.74 EPS for the current year.

Lincoln National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.80 annualized dividend and a dividend yield of 6.11%. Lincoln National’s dividend payout ratio is 24.62%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on LNC shares. Jefferies Financial Group upped their target price on Lincoln National from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, June 28th. JPMorgan Chase & Co. increased their price target on shares of Lincoln National from $28.00 to $34.00 and gave the stock an “underweight” rating in a report on Tuesday, July 2nd. Bank of America cut their target price on shares of Lincoln National from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Piper Sandler raised their price target on Lincoln National from $30.00 to $34.00 and gave the company a “neutral” rating in a research report on Friday, June 28th. Finally, Barclays assumed coverage on Lincoln National in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $35.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Lincoln National has an average rating of “Hold” and a consensus price target of $32.64.

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.