Dimensional Fund Advisors LP Has $275.30 Million Stake in Lincoln National Corporation $LNC

Dimensional Fund Advisors LP lifted its position in shares of Lincoln National Corporation (NYSE:LNC) by 24.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,755,506 shares of the financial services provider’s stock after purchasing an additional 1,522,179 shares during the period. Dimensional Fund Advisors LP’s holdings in Lincoln National were worth $275,304,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in LNC. JPL Wealth Management LLC acquired a new position in Lincoln National in the 3rd quarter valued at $29,000. V Square Quantitative Management LLC bought a new position in Lincoln National during the 4th quarter worth $31,000. Transamerica Financial Advisors LLC acquired a new stake in shares of Lincoln National during the fourth quarter worth $32,000. NBT Bank N A NY lifted its holdings in shares of Lincoln National by 2,051.1% during the first quarter. NBT Bank N A NY now owns 968 shares of the financial services provider’s stock worth $34,000 after buying an additional 923 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Lincoln National in the fourth quarter valued at about $34,000. 72.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Morgan Stanley decreased their price target on shares of Lincoln National from $43.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. UBS Group lifted their price objective on shares of Lincoln National from $39.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Barclays raised shares of Lincoln National from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $42.00 to $45.00 in a report on Monday, July 6th. TD Cowen increased their target price on shares of Lincoln National from $37.00 to $42.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, National Bank Financial set a $51.00 target price on shares of Lincoln National in a report on Thursday, July 9th. Six research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Lincoln National presently has an average rating of “Hold” and an average target price of $45.21.

Lincoln National Trading Down 0.3%

LNC opened at $41.68 on Thursday. Lincoln National Corporation has a twelve month low of $32.18 and a twelve month high of $46.82. The company has a 50-day simple moving average of $37.15 and a 200 day simple moving average of $37.51. 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 stock has a market capitalization of $7.97 billion, a price-to-earnings ratio of 4.84, a P/E/G ratio of 2.96 and a beta of 1.17.

Lincoln National (NYSE:LNC) last released its earnings results on Thursday, May 7th. The financial services provider reported $1.66 EPS for the quarter, beating the consensus estimate of $1.58 by $0.08. The firm had revenue of $4.87 billion for the quarter, compared to analyst estimates of $4.93 billion. Lincoln National had a net margin of 9.17% and a return on equity of 18.07%. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period last year, the firm earned $1.60 EPS. Analysts predict that Lincoln National Corporation will post 7.73 EPS for the current fiscal year.

Lincoln National Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, July 10th. This represents a $1.80 annualized dividend and a dividend yield of 4.3%. Lincoln National’s dividend payout ratio (DPR) is currently 20.88%.

Insider Transactions at Lincoln National

In related news, EVP Craigt T. Beazer sold 30,000 shares of Lincoln National stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $34.45, for a total value of $1,033,500.00. Following the transaction, the executive vice president directly owned 103,906 shares of the company’s stock, valued at $3,579,561.70. This trade represents a 22.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.03% of the stock is owned by company insiders.

About Lincoln National

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.