Great Lakes Advisors LLC Purchases 197,823 Shares of Lincoln National Corporation $LNC

Great Lakes Advisors LLC increased its position in shares of Lincoln National Corporation (NYSE:LNC) by 2,049.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 207,474 shares of the financial services provider’s stock after buying an additional 197,823 shares during the period. Great Lakes Advisors LLC owned 0.11% of Lincoln National worth $8,367,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in LNC. Annis Gardner Whiting Capital Advisors LLC grew its position in shares of Lincoln National by 24,933.3% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,253 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 2,244 shares during the period. Hussman Strategic Advisors Inc. bought a new stake in shares of Lincoln National in the 3rd quarter valued at about $1,694,000. Vanguard Personalized Indexing Management LLC lifted its stake in Lincoln National by 3.2% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 44,674 shares of the financial services provider’s stock valued at $1,802,000 after purchasing an additional 1,388 shares during the last quarter. Sagespring Wealth Partners LLC bought a new position in Lincoln National during the third quarter worth about $215,000. Finally, Y Intercept Hong Kong Ltd increased its position in Lincoln National by 57.3% during the third quarter. Y Intercept Hong Kong Ltd now owns 59,742 shares of the financial services provider’s stock worth $2,409,000 after buying an additional 21,756 shares during the last quarter. Institutional investors and hedge funds own 72.81% of the company’s stock.

Analyst Ratings Changes

LNC has been the subject of a number of recent analyst reports. Piper Sandler raised their price objective on Lincoln National from $42.00 to $48.00 and gave the company a “neutral” rating in a research report on Tuesday, December 23rd. Mizuho initiated coverage on Lincoln National in a report on Tuesday, December 16th. They set an “outperform” rating and a $52.00 target price on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of Lincoln National in a report on Monday, December 15th. UBS Group lifted their price objective on shares of Lincoln National from $42.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Finally, Evercore ISI increased their price objective on shares of Lincoln National from $45.00 to $46.00 and gave the company an “in-line” rating in a research report on Thursday, October 9th. Four analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Lincoln National currently has a consensus rating of “Hold” and a consensus target price of $46.25.

Lincoln National Stock Performance

LNC opened at $41.60 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.28 and a quick ratio of 0.28. The business has a fifty day simple moving average of $43.18 and a 200 day simple moving average of $40.87. Lincoln National Corporation has a 1 year low of $27.58 and a 1 year high of $46.82. The company has a market capitalization of $7.90 billion, a PE ratio of 3.73, a price-to-earnings-growth ratio of 0.43 and a beta of 1.32.

Lincoln National (NYSE:LNC) last posted its quarterly earnings data on Thursday, October 30th. The financial services provider reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.20. The firm had revenue of $4.56 billion for the quarter, compared to analysts’ expectations of $4.80 billion. Lincoln National had a return on equity of 18.77% and a net margin of 11.49%.During the same quarter last year, the business earned $2.06 EPS. Research analysts expect that Lincoln National Corporation will post 7.69 EPS for the current year.

Lincoln National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, January 12th will be paid a $0.45 dividend. The ex-dividend date is Monday, January 12th. This represents a $1.80 annualized dividend and a yield of 4.3%. Lincoln National’s payout ratio is 16.16%.

Insider Transactions at Lincoln National

In other news, EVP John Christopher Kennedy sold 3,519 shares of Lincoln National stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $44.15, for a total value of $155,363.85. Following the completion of the sale, the executive vice president directly owned 118,985 shares in the company, valued at approximately $5,253,187.75. The trade was a 2.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Owen Ryan purchased 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was bought at an average price of $42.17 per share, with a total value of $84,340.00. Following the completion of the purchase, the director owned 12,000 shares of the company’s stock, valued at $506,040. This trade represents a 20.00% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.51% of the company’s stock.

Lincoln National Company 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.