Roman Butler Fullerton & Co. Makes New $211,000 Investment in Lincoln National Co. (NYSE:LNC)

Roman Butler Fullerton & Co. bought a new position in shares of Lincoln National Co. (NYSE:LNC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,267 shares of the financial services provider’s stock, valued at approximately $211,000.

Several other institutional investors have also recently made changes to their positions in the business. Central Pacific Bank Trust Division acquired a new stake in Lincoln National during the first quarter valued at $25,000. Whittier Trust Co. boosted its position in Lincoln National by 106.7% during the second quarter. Whittier Trust Co. now owns 835 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 431 shares during the last quarter. Adirondack Trust Co. acquired a new position in Lincoln National during the second quarter worth about $31,000. Blue Trust Inc. raised its stake in Lincoln National by 535.5% during the third quarter. Blue Trust Inc. now owns 1,074 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 905 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in Lincoln National by 249.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,223 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 873 shares during the period. Hedge funds and other institutional investors own 72.81% of the company’s stock.

Analyst Upgrades and Downgrades

LNC has been the topic of a number of research analyst reports. TD Cowen initiated coverage on shares of Lincoln National in a research note on Wednesday, October 9th. They issued a “hold” rating and a $34.00 price target on the stock. Piper Sandler lowered their price target on shares of Lincoln National from $37.00 to $34.00 and set a “neutral” rating for the company in a report on Wednesday, October 2nd. Bank of America lowered their price target on shares of Lincoln National from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. Barclays upped their target price on shares of Lincoln National from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Finally, Wells Fargo & Company upped their price target on shares of Lincoln National from $28.00 to $29.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $33.00.

Lincoln National Stock Performance

Shares of LNC opened at $32.91 on Tuesday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.73. The company has a 50-day simple moving average of $31.68 and a 200-day simple moving average of $31.15. Lincoln National Co. has a 52-week low of $21.59 and a 52-week high of $36.46. The company has a market capitalization of $5.60 billion, a PE ratio of 23.51, a P/E/G ratio of 0.33 and a beta of 1.79.

Lincoln National (NYSE:LNC) last posted its earnings results on Thursday, October 31st. The financial services provider reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.42. The firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.61 billion. Lincoln National had a net margin of 2.51% and a return on equity of 18.15%. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period last year, the firm posted $0.23 EPS. Equities research analysts predict that Lincoln National Co. will post 5.73 earnings per share for the current fiscal year.

Lincoln National Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.47%. Lincoln National’s dividend payout ratio (DPR) is presently 128.57%.

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.