Cetera Investment Advisers increased its holdings in shares of Lincoln National Co. (NYSE:LNC – Free Report) by 384.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,634 shares of the financial services provider after purchasing an additional 47,312 shares during the quarter. Cetera Investment Advisers’ holdings in Lincoln National were worth $1,904,000 at the end of the most recent reporting period.

Other major investors also recently bought and sold shares of the company. Global Retirement Partners LLC increased its holdings in shares of Lincoln National by 32.6% in the 1st quarter. Global Retirement Partners LLC now owns 1,667 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 410 shares in the last quarter. Yousif Capital Management LLC increased its holdings in shares of Lincoln National by 0.6% in the 4th quarter. Yousif Capital Management LLC now owns 91,833 shares of the financial services provider’s stock worth $2,477,000 after acquiring an additional 535 shares in the last quarter. Amalgamated Bank increased its holdings in shares of Lincoln National by 0.8% in the 4th quarter. Amalgamated Bank now owns 76,960 shares of the financial services provider’s stock worth $2,076,000 after acquiring an additional 635 shares in the last quarter. Sound View Wealth Advisors Group LLC increased its holdings in shares of Lincoln National by 5.1% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 13,510 shares of the financial services provider’s stock worth $364,000 after acquiring an additional 661 shares in the last quarter. Finally, 180 Wealth Advisors LLC increased its holdings in shares of Lincoln National by 5.0% in the first quarter. 180 Wealth Advisors LLC now owns 14,243 shares of the financial services provider’s stock worth $455,000 after acquiring an additional 676 shares during the period. Institutional investors and hedge funds own 72.81% of the company’s stock.

Price development of Lincoln National shares

Shares of NYSE:LNC opened at $29.17 on Tuesday. The company has a debt-to-equity ratio of 0.82, a current debt ratio of 0.26, and a current debt to equity ratio of 0.27. Lincoln National Co. has a twelve-month low of $20.85 and a twelve-month high of $36.46. The company has a market cap of $4.96 billion, a P/E ratio of 3.99, a price-to-earnings-growth ratio of 0.29, and a beta of 1.84. The company has a 50-day moving average of $31.59 and a 200-day moving average of $29.73.

Lincoln National (NYSE:LNC – Get Free Report) last released its quarterly earnings results on Thursday, August 1. The financial services provider reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.07. Lincoln National had a net margin of 12.24% and a return on equity of 17.13%. The company had revenue of $5.15 billion for the quarter, compared to analyst estimates of $4.65 billion. During the same period last year, the company reported earnings per share of $2.02. On average, equities analysts forecast that Lincoln National Co. will post earnings per share of $5.83 for the current fiscal year.

Dividend announcement from Lincoln National

The company also recently declared a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, July 10th. This represents an annualized dividend of $1.80 and a dividend yield of 6.17%. Lincoln National’s Dividend Payout Ratio (DPR) is currently 24.62%.

Insider buying and selling at Lincoln National

In related news, EVP Sean Woodroffe sold 55,127 shares of the company’s stock on Tuesday, May 28. The shares were sold at an average price of $32.57, for a total transaction of $1,795,486.39. Following the sale, the executive vice president now owns 198,255 shares of the company’s stock, valued at approximately $6,457,165.35. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.54% of the company’s stock.

Wall Street analysts predict growth

Several analysts have recently commented on the company. Wells Fargo & Company decreased their price target on Lincoln National from $28.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Friday, May 10th. Piper Sandler increased their price target on shares of Lincoln National from $30.00 to $34.00 and gave the stock a “neutral” rating in a research note on Friday, June 28th. Jefferies Financial Group increased their price target on shares of Lincoln National from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, June 28th. Bank of America decreased their price target on Lincoln National from $32.00 to $31.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Finally, StockNews.com upgraded Lincoln National from a “sell” rating to a “hold” rating in a research report on Monday, April 15. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Lincoln National currently has a consensus rating of “Hold” and a consensus price target of $32.50.

Read our latest research report on LNC

Lincoln National Profile

(Free report)

Lincoln National Corporation, through its subsidiaries, operates several insurance and annuity businesses in the United States. It operates in four segments: Life Insurance, Annuities, Group Insurance, and Retirement Plan Services. The Life Insurance segment offers life insurance products, including term life insurance, universal life (UL), indexed universal life, variable universal life (VUL), UL and VUL linked benefit products, and critical illness and long-term care supplemental insurance.

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