Prospera Financial Services Inc Acquires 3,014 Shares of Lincoln National Corporation $LNC

Prospera Financial Services Inc grew its holdings in Lincoln National Corporation (NYSE:LNC) by 18.1% in the 2nd quarter, Holdings Channel reports. The fund owned 19,634 shares of the financial services provider’s stock after purchasing an additional 3,014 shares during the quarter. Prospera Financial Services Inc’s holdings in Lincoln National were worth $679,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of LNC. Hollencrest Capital Management grew its position in shares of Lincoln National by 383.2% in the 1st quarter. Hollencrest Capital Management now owns 749 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 594 shares during the period. Ameritas Advisory Services LLC acquired a new stake in Lincoln National during the 2nd quarter worth approximately $29,000. Brooklyn Investment Group lifted its stake in Lincoln National by 82.9% in the first quarter. Brooklyn Investment Group now owns 1,156 shares of the financial services provider’s stock valued at $42,000 after buying an additional 524 shares in the last quarter. Friedenthal Financial acquired a new position in shares of Lincoln National in the second quarter valued at approximately $42,000. Finally, Hantz Financial Services Inc. increased its position in shares of Lincoln National by 3,927.0% during the second quarter. Hantz Financial Services Inc. now owns 1,490 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 1,453 shares in the last quarter. Institutional investors own 72.81% of the company’s stock.

Lincoln National Price Performance

Shares of NYSE LNC opened at $41.10 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.26 and a quick ratio of 0.26. The business has a 50-day moving average of $40.43 and a 200-day moving average of $37.29. The stock has a market capitalization of $7.81 billion, a price-to-earnings ratio of 7.17, a PEG ratio of 0.50 and a beta of 1.49. Lincoln National Corporation has a fifty-two week low of $27.58 and a fifty-two week high of $43.66.

Lincoln National (NYSE:LNC) last issued its quarterly earnings results on Thursday, October 30th. The financial services provider reported $2.04 EPS for the quarter, beating the consensus estimate of $1.84 by $0.20. The firm 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 19.14% and a net margin of 6.34%.During the same period in the prior year, the firm posted $2.06 earnings per share. As a group, sell-side analysts predict that Lincoln National Corporation will post 7.69 earnings per share for the current fiscal year.

Lincoln National Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts recently commented on LNC shares. Piper Sandler reaffirmed a “neutral” rating and issued a $42.00 price objective on shares of Lincoln National in a research report on Tuesday, October 7th. Wall Street Zen upgraded Lincoln National from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Zacks Research raised Lincoln National from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. Cfra Research raised Lincoln National to a “hold” rating in a research report on Wednesday, August 6th. Finally, UBS Group boosted their target price on Lincoln National from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Lincoln National has a consensus rating of “Hold” and a consensus price target of $42.82.

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.