Virtu Financial LLC Has $606,000 Stock Position in Lincoln National Co. (NYSE:LNC)

Virtu Financial LLC increased its stake in Lincoln National Co. (NYSE:LNC) by 47.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 19,110 shares of the financial services provider’s stock after purchasing an additional 6,114 shares during the quarter. Virtu Financial LLC’s holdings in Lincoln National were worth $606,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Forvis Mazars Wealth Advisors LLC raised its stake in Lincoln National by 3.1% in the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 11,199 shares of the financial services provider’s stock valued at $355,000 after acquiring an additional 338 shares during the period. Roman Butler Fullerton & Co. raised its holdings in Lincoln National by 5.5% in the 4th quarter. Roman Butler Fullerton & Co. now owns 6,610 shares of the financial services provider’s stock valued at $224,000 after acquiring an additional 343 shares during the period. Versant Capital Management Inc lifted its position in Lincoln National by 20.2% during the fourth quarter. Versant Capital Management Inc now owns 2,104 shares of the financial services provider’s stock worth $67,000 after acquiring an additional 354 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Lincoln National by 0.9% during the fourth quarter. Arizona State Retirement System now owns 49,394 shares of the financial services provider’s stock worth $1,566,000 after acquiring an additional 436 shares during the period. Finally, Quarry LP grew its position in shares of Lincoln National by 23.2% in the third quarter. Quarry LP now owns 2,793 shares of the financial services provider’s stock valued at $88,000 after purchasing an additional 526 shares during the last quarter. 72.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LNC has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on Lincoln National from $28.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods boosted their target price on shares of Lincoln National from $37.00 to $40.00 and gave the company a “market perform” rating in a research report on Wednesday, February 12th. Evercore ISI raised their price target on shares of Lincoln National from $41.00 to $44.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 19th. Morgan Stanley boosted their price objective on shares of Lincoln National from $39.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Finally, TD Cowen raised their target price on shares of Lincoln National from $34.00 to $37.00 and gave the stock a “hold” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $37.40.

Lincoln National Trading Up 0.9 %

Shares of LNC stock opened at $37.68 on Wednesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.27 and a current ratio of 0.27. Lincoln National Co. has a fifty-two week low of $25.80 and a fifty-two week high of $39.85. The company has a market cap of $6.42 billion, a PE ratio of 2.05, a P/E/G ratio of 0.30 and a beta of 1.76. The stock’s fifty day moving average price is $36.07 and its two-hundred day moving average price is $33.85.

Lincoln National (NYSE:LNC) last released its earnings results on Thursday, February 6th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.04. Lincoln National had a return on equity of 18.47% and a net margin of 17.76%. Equities analysts predict that Lincoln National Co. will post 7.69 EPS for the current fiscal year.

Lincoln National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a $0.45 dividend. The ex-dividend date is Thursday, April 10th. This represents a $1.80 dividend on an annualized basis and a yield of 4.78%. Lincoln National’s dividend payout ratio is currently 9.79%.

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.