EMC Capital Management Invests $141,000 in Lincoln National Corporation $LNC

EMC Capital Management bought a new stake in shares of Lincoln National Corporation (NYSE:LNC) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,066 shares of the financial services provider’s stock, valued at approximately $141,000.

Other institutional investors also recently bought and sold shares of the company. Traub Capital Management LLC purchased a new position in shares of Lincoln National during the 2nd quarter worth approximately $123,000. LSV Asset Management lifted its stake in shares of Lincoln National by 16.9% in the 2nd quarter. LSV Asset Management now owns 2,736,180 shares of the financial services provider’s stock valued at $94,672,000 after purchasing an additional 394,584 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Lincoln National by 95.6% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 191,933 shares of the financial services provider’s stock valued at $6,641,000 after purchasing an additional 93,815 shares in the last quarter. Hedeker Wealth LLC grew its stake in Lincoln National by 0.9% in the second quarter. Hedeker Wealth LLC now owns 82,327 shares of the financial services provider’s stock worth $2,849,000 after purchasing an additional 709 shares during the period. Finally, Cetera Investment Advisers lifted its position in Lincoln National by 0.4% during the second quarter. Cetera Investment Advisers now owns 80,772 shares of the financial services provider’s stock valued at $2,795,000 after buying an additional 348 shares during the period. 72.81% of the stock is owned by institutional investors.

Lincoln National Price Performance

NYSE LNC opened at $39.91 on Thursday. The stock has a market capitalization of $7.58 billion, a price-to-earnings ratio of 6.97, a PEG ratio of 0.50 and a beta of 1.49. Lincoln National Corporation has a 1-year low of $27.58 and a 1-year high of $43.66. 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’s fifty day moving average price is $40.29 and its 200-day moving average price is $37.53.

Lincoln National (NYSE:LNC) last issued its quarterly earnings data on Thursday, October 30th. The financial services provider reported $2.04 EPS for the quarter, topping the consensus estimate of $1.84 by $0.20. The company had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.80 billion. Lincoln National had a return on equity of 19.14% and a net margin of 6.34%.During the same quarter in the previous year, the company posted $2.06 earnings per share. On average, equities analysts predict 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. Stockholders of record on Monday, January 12th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, January 12th. This represents a $1.80 annualized dividend and a dividend yield of 4.5%. Lincoln National’s dividend payout ratio is presently 16.16%.

Insider Buying and Selling at Lincoln National

In other Lincoln National news, Director Owen Ryan acquired 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were bought at an average price of $42.17 per share, with a total value of $84,340.00. Following the completion of the acquisition, the director owned 12,000 shares in the company, valued at $506,040. This represents a 20.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.54% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LNC. Zacks Research raised shares of Lincoln National from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. UBS Group raised their target price on shares of Lincoln National from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Barclays boosted their price target on Lincoln National from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Cfra Research raised Lincoln National to a “hold” rating in a research report on Wednesday, August 6th. Finally, Piper Sandler reiterated a “neutral” rating and set a $42.00 price objective on shares of Lincoln National in a research note on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $42.82.

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.