Waterloo Capital L.P. Raises Stock Holdings in Lincoln National Co. (NYSE:LNC)

Waterloo Capital L.P. raised its position in shares of Lincoln National Co. (NYSE:LNC) by 5.4% during the 4th quarter, Holdings Channel reports. The firm owned 102,679 shares of the financial services provider’s stock after buying an additional 5,230 shares during the quarter. Waterloo Capital L.P.’s holdings in Lincoln National were worth $3,256,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. HighPoint Advisor Group LLC lifted its position in Lincoln National by 3.2% during the fourth quarter. HighPoint Advisor Group LLC now owns 8,460 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 262 shares during the period. Forvis Mazars Wealth Advisors LLC lifted its holdings in shares of Lincoln National by 3.1% in the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 11,199 shares of the financial services provider’s stock valued at $355,000 after buying an additional 338 shares during the period. Roman Butler Fullerton & Co. boosted its stake in shares of Lincoln National by 5.5% in the fourth quarter. Roman Butler Fullerton & Co. now owns 6,610 shares of the financial services provider’s stock worth $224,000 after buying an additional 343 shares during the last quarter. Hillsdale Investment Management Inc. grew its holdings in Lincoln National by 30.4% during the fourth quarter. Hillsdale Investment Management Inc. now owns 1,500 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 350 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in Lincoln National by 20.2% in the fourth quarter. Versant Capital Management Inc now owns 2,104 shares of the financial services provider’s stock valued at $67,000 after acquiring an additional 354 shares during the period. 72.81% of the stock is owned by institutional investors and hedge funds.

Lincoln National Stock Performance

Shares of NYSE:LNC opened at $29.90 on Friday. The business’s 50 day moving average price is $36.42 and its 200-day moving average price is $34.15. Lincoln National Co. has a 1 year low of $25.80 and a 1 year high of $39.85. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market capitalization of $5.10 billion, a PE ratio of 1.63, a P/E/G ratio of 0.30 and a beta of 1.55.

Lincoln National (NYSE:LNC) last released its earnings results on Thursday, February 6th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.04. Lincoln National had a net margin of 17.76% and a return on equity of 18.47%. As a group, equities research analysts expect that Lincoln National Co. will post 7.69 earnings per share for the current fiscal year.

Lincoln National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date is Thursday, April 10th. Lincoln National’s dividend payout ratio (DPR) is 9.79%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Evercore ISI lifted their target price on shares of Lincoln National from $41.00 to $44.00 and gave the company an “in-line” rating in a report on Wednesday, February 19th. Wells Fargo & Company upped their price objective on shares of Lincoln National from $28.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. Keefe, Bruyette & Woods raised their target price on Lincoln National from $37.00 to $40.00 and gave the company a “market perform” rating in a research report on Wednesday, February 12th. Morgan Stanley upped their price target on Lincoln National from $39.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. Finally, Barclays raised their price objective on Lincoln National from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $37.45.

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.