Lincoln National Corporation $LNC Shares Purchased by Interval Partners LP

Interval Partners LP lifted its position in Lincoln National Corporation (NYSE:LNC) by 305.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 616,491 shares of the financial services provider’s stock after acquiring an additional 464,448 shares during the period. Interval Partners LP owned 0.32% of Lincoln National worth $27,452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in LNC. JPL Wealth Management LLC acquired a new position in Lincoln National during the third quarter worth $29,000. V Square Quantitative Management LLC acquired a new position in Lincoln National during the fourth quarter worth $31,000. Transamerica Financial Advisors LLC acquired a new position in Lincoln National during the fourth quarter worth $32,000. Los Angeles Capital Management LLC acquired a new position in Lincoln National during the fourth quarter worth $34,000. Finally, Laurel Wealth Advisors LLC acquired a new position in Lincoln National during the fourth quarter worth $38,000. 72.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Lincoln National news, EVP Craigt T. Beazer sold 30,000 shares of Lincoln National stock in a transaction on Friday, June 5th. The stock was sold at an average price of $34.45, for a total value of $1,033,500.00. Following the sale, the executive vice president owned 103,906 shares in the company, valued at $3,579,561.70. The trade was a 22.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.03% of the stock is owned by corporate insiders.

Lincoln National Price Performance

NYSE:LNC opened at $37.37 on Thursday. Lincoln National Corporation has a 52 week low of $31.69 and a 52 week high of $46.82. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $7.14 billion, a P/E ratio of 4.33, a P/E/G ratio of 2.44 and a beta of 1.17. The stock’s fifty day moving average is $35.83 and its two-hundred day moving average is $38.50.

Lincoln National (NYSE:LNC) last posted its earnings results on Thursday, May 7th. The financial services provider reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.08. Lincoln National had a return on equity of 18.07% and a net margin of 9.17%.The company had revenue of $4.87 billion for the quarter, compared to the consensus estimate of $4.93 billion. During the same quarter in the previous year, the business earned $1.60 earnings per share. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. Equities analysts expect that Lincoln National Corporation will post 7.72 EPS for the current year.

Lincoln National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be given a $0.45 dividend. The ex-dividend date is Friday, July 10th. This represents a $1.80 dividend on an annualized basis and a yield of 4.8%. Lincoln National’s payout ratio is currently 20.88%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on LNC shares. UBS Group reissued a “neutral” rating and set a $39.00 price objective on shares of Lincoln National in a research note on Thursday, May 14th. Mizuho lowered their price objective on Lincoln National from $54.00 to $48.00 and set an “outperform” rating on the stock in a research note on Monday, April 13th. National Bank Financial set a $40.00 price objective on Lincoln National in a research note on Thursday, May 21st. JPMorgan Chase & Co. lowered their price objective on Lincoln National from $42.00 to $40.00 and set an “underweight” rating on the stock in a research note on Thursday, May 7th. Finally, Bank of America lowered their price objective on Lincoln National from $41.00 to $37.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $43.00.

Lincoln National Profile

Lincoln National Corporation, doing business as Lincoln Financial Group, is a diversified financial services holding company focused on providing retirement, insurance, and wealth management solutions in the United States and select international markets. Headquartered in Radnor, Pennsylvania, the company operates through several business segments, including Retirement Plan Services, Life Insurance, and Group Protection. Its offerings are designed to help individuals, families, and institutions plan and prepare for their financial futures.

The Retirement Plan Services segment delivers recordkeeping, administrative services, and investment management for defined contribution and defined benefit plans.