Measured Wealth Private Client Group LLC Has $290,000 Stake in Lincoln National Corporation $LNC

Measured Wealth Private Client Group LLC increased its stake in Lincoln National Corporation (NYSE:LNC) by 27.5% in the second quarter, Holdings Channel.com reports. The firm owned 8,373 shares of the financial services provider’s stock after purchasing an additional 1,805 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Lincoln National were worth $290,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisors Asset Management Inc. bought a new stake in shares of Lincoln National in the second quarter valued at about $28,000. Ameritas Advisory Services LLC bought a new position in shares of Lincoln National during the second quarter worth about $29,000. Brooklyn Investment Group raised its position in Lincoln National by 82.9% in the 1st 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 during the last quarter. Friedenthal Financial bought a new stake in Lincoln National in the 2nd quarter valued at approximately $42,000. Finally, Hantz Financial Services Inc. lifted its stake in Lincoln National by 3,927.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,490 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 1,453 shares in the last quarter. Institutional investors and hedge funds own 72.81% of the company’s stock.

Lincoln National Stock Performance

Shares of NYSE LNC opened at $41.14 on Friday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $7.81 billion, a P/E ratio of 7.18, a P/E/G ratio of 0.50 and a beta of 1.49. Lincoln National Corporation has a 12 month low of $27.58 and a 12 month high of $43.66. The stock has a 50 day moving average of $40.27 and a 200-day moving average of $37.85.

Lincoln National (NYSE:LNC) last posted its quarterly earnings results on Thursday, October 30th. The financial services provider reported $2.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.20. Lincoln National had a return on equity of 19.14% and a net margin of 6.34%.The business had revenue of $4.56 billion for the quarter, compared to analysts’ expectations of $4.80 billion. During the same quarter in the prior year, the business earned $2.06 EPS. As a group, equities research analysts predict that Lincoln National Corporation will post 7.69 EPS for the current year.

Lincoln National Dividend Announcement

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

Wall Street Analysts Forecast Growth

LNC has been the subject of several research reports. Wolfe Research raised shares of Lincoln National to a “strong sell” rating in a research note on Tuesday, September 16th. Wells Fargo & Company increased their target price on shares of Lincoln National from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Wall Street Zen raised shares of Lincoln National from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Piper Sandler reissued a “neutral” rating and set a $42.00 price target on shares of Lincoln National in a research report on Tuesday, October 7th. Finally, Evercore ISI increased their price objective on shares of Lincoln National from $45.00 to $46.00 and gave the stock an “in-line” rating in a research note on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $43.40.

Insider Activity at Lincoln National

In related news, Director Owen Ryan bought 2,000 shares of Lincoln National stock in a transaction that occurred on Wednesday, November 12th. The stock was acquired at an average price of $42.17 per share, with a total value of $84,340.00. Following the acquisition, the director owned 12,000 shares of the company’s stock, valued at approximately $506,040. This represents a 20.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.51% of the company’s stock.

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.