HFG Advisors Inc. Invests $265,000 in Lincoln National Co. (NYSE:LNC)

HFG Advisors Inc. purchased a new position in shares of Lincoln National Co. (NYSE:LNC) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 8,360 shares of the financial services provider’s stock, valued at approximately $265,000.

Several other large investors have also modified their holdings of the stock. State Street Corp lifted its holdings in Lincoln National by 1.3% in the third quarter. State Street Corp now owns 6,227,993 shares of the financial services provider’s stock worth $196,244,000 after acquiring an additional 79,955 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Lincoln National by 4.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,763,703 shares of the financial services provider’s stock worth $150,104,000 after purchasing an additional 193,025 shares in the last quarter. Geode Capital Management LLC raised its holdings in Lincoln National by 4.7% during the third quarter. Geode Capital Management LLC now owns 3,373,487 shares of the financial services provider’s stock worth $106,322,000 after purchasing an additional 152,622 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Lincoln National by 7.2% during the third quarter. Principal Financial Group Inc. now owns 3,309,453 shares of the financial services provider’s stock worth $104,281,000 after purchasing an additional 223,129 shares in the last quarter. Finally, Two Sigma Advisers LP raised its holdings in Lincoln National by 9.7% during the third quarter. Two Sigma Advisers LP now owns 2,355,000 shares of the financial services provider’s stock worth $74,206,000 after purchasing an additional 207,800 shares in the last quarter. Institutional investors own 72.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on LNC shares. StockNews.com upgraded shares of Lincoln National from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Wells Fargo & Company decreased their price target on shares of Lincoln National from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. TD Cowen lifted their price target on shares of Lincoln National from $34.00 to $37.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. Finally, Barclays decreased their price target on shares of Lincoln National from $38.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Lincoln National presently has a consensus rating of “Hold” and an average price target of $33.40.

Lincoln National Trading Down 0.5 %

NYSE LNC opened at $35.18 on Monday. Lincoln National Co. has a twelve month low of $25.09 and a twelve month high of $36.98. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.27 and a current ratio of 0.27. The stock has a market cap of $5.99 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 0.27 and a beta of 1.79. The firm’s 50 day moving average price is $33.00 and its two-hundred day moving average price is $32.40.

Lincoln National (NYSE:LNC) last posted its quarterly earnings results on Thursday, October 31st. The financial services provider reported $2.06 EPS for the quarter, beating the consensus estimate of $1.64 by $0.42. Lincoln National had a net margin of 2.51% and a return on equity of 18.15%. The business had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.61 billion. During the same period in the previous year, the company posted $0.23 EPS. Lincoln National’s revenue was down 2.2% on a year-over-year basis. Equities analysts anticipate that Lincoln National Co. will post 6.97 EPS for the current year.

Lincoln National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 5.12%. The ex-dividend date is Friday, January 10th. Lincoln National’s dividend payout ratio is currently 128.57%.

Insider Activity

In related news, EVP John Christopher Kennedy sold 2,863 shares of Lincoln National stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $36.00, for a total value of $103,068.00. Following the completion of the sale, the executive vice president now owns 99,644 shares of the company’s stock, valued at approximately $3,587,184. The trade was a 2.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.54% of the stock is currently owned by corporate insiders.

About Lincoln National

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.