Allen Wealth Management LLC Grows Stake in Lincoln National Co. (NYSE:LNC)

Allen Wealth Management LLC lifted its position in Lincoln National Co. (NYSE:LNC) by 8.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,693 shares of the financial services provider’s stock after purchasing an additional 4,494 shares during the quarter. Lincoln National comprises approximately 1.3% of Allen Wealth Management LLC’s portfolio, making the stock its 16th largest holding. Allen Wealth Management LLC’s holdings in Lincoln National were worth $1,798,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. M Holdings Securities Inc. bought a new position in Lincoln National in the 4th quarter worth about $29,000. Headlands Technologies LLC purchased a new position in shares of Lincoln National during the fourth quarter worth about $35,000. SBI Securities Co. Ltd. bought a new position in shares of Lincoln National in the fourth quarter worth approximately $36,000. Hillsdale Investment Management Inc. raised its stake in Lincoln National by 30.4% in the fourth quarter. Hillsdale Investment Management Inc. now owns 1,500 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 350 shares in the last quarter. Finally, Crews Bank & Trust bought a new stake in Lincoln National during the fourth quarter valued at approximately $51,000. Hedge funds and other institutional investors own 72.81% of the company’s stock.

Lincoln National Stock Performance

NYSE:LNC opened at $37.32 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.27 and a current ratio of 0.27. Lincoln National Co. has a fifty-two week low of $25.80 and a fifty-two week high of $39.85. The firm has a market cap of $6.36 billion, a PE ratio of 2.03, a price-to-earnings-growth ratio of 0.30 and a beta of 1.55. The business has a 50 day moving average price of $36.49 and a 200-day moving average price of $34.13.

Lincoln National (NYSE:LNC) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.04. Lincoln National had a net margin of 17.76% and a return on equity of 18.47%. Equities research analysts predict that Lincoln National Co. will post 7.69 earnings per share for the current year.

Lincoln National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, April 10th. This represents a $1.80 dividend on an annualized basis and a yield of 4.82%. Lincoln National’s dividend payout ratio is presently 9.79%.

Analyst Ratings Changes

LNC has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods increased their price target on shares of Lincoln National from $37.00 to $40.00 and gave the stock a “market perform” rating in a report on Wednesday, February 12th. Morgan Stanley raised their price target on Lincoln National from $39.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Barclays upped their price objective on Lincoln National from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. UBS Group raised their price objective on Lincoln National from $32.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Wells Fargo & Company upped their target price on Lincoln National from $28.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $37.45.

Lincoln National Company 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.