Lincoln National (NYSE:LNC) Sets New 1-Year Low at $44.42

Shares of Lincoln National Co. (NYSE:LNCGet Rating) reached a new 52-week low on Friday . The company traded as low as $44.42 and last traded at $44.58, with a volume of 33386 shares traded. The stock had previously closed at $46.69.

Analyst Ratings Changes

Several research firms have recently weighed in on LNC. Wolfe Research reiterated a “peer perform” rating on shares of Lincoln National in a research report on Thursday, June 23rd. Piper Sandler lowered their price objective on shares of Lincoln National from $70.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, July 8th. Evercore ISI reduced their target price on shares of Lincoln National from $78.00 to $66.00 and set an “in-line” rating on the stock in a research report on Wednesday, July 6th. The Goldman Sachs Group lowered their price target on Lincoln National from $78.00 to $60.00 and set a “neutral” rating for the company in a report on Monday, June 6th. Finally, Royal Bank of Canada reduced their price objective on Lincoln National from $71.00 to $57.00 in a report on Friday, August 5th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $61.90.

Lincoln National Price Performance

The firm has a market capitalization of $7.51 billion, a PE ratio of 9.73, a P/E/G ratio of 0.32 and a beta of 1.89. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.19 and a current ratio of 0.19. The stock has a fifty day moving average price of $48.77 and a 200-day moving average price of $54.50.

Lincoln National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Monday, October 10th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, October 6th. This represents a $1.80 dividend on an annualized basis and a yield of 4.08%. Lincoln National’s dividend payout ratio is presently 37.50%.

Institutional Investors Weigh In On Lincoln National

Hedge funds and other institutional investors have recently bought and sold shares of the company. Dodge & Cox increased its holdings in shares of Lincoln National by 0.7% during the second quarter. Dodge & Cox now owns 4,297,162 shares of the financial services provider’s stock valued at $200,978,000 after acquiring an additional 27,805 shares in the last quarter. Lyrical Asset Management LP increased its stake in Lincoln National by 1.2% during the 1st quarter. Lyrical Asset Management LP now owns 4,147,536 shares of the financial services provider’s stock valued at $271,083,000 after purchasing an additional 49,765 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Lincoln National by 19.9% in the first quarter. JPMorgan Chase & Co. now owns 3,401,204 shares of the financial services provider’s stock worth $222,304,000 after buying an additional 564,100 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Lincoln National by 15.9% during the first quarter. Invesco Ltd. now owns 3,005,501 shares of the financial services provider’s stock worth $196,440,000 after buying an additional 411,343 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Lincoln National by 4.1% during the first quarter. Dimensional Fund Advisors LP now owns 2,900,801 shares of the financial services provider’s stock valued at $189,613,000 after buying an additional 113,356 shares during the last quarter. Hedge funds and other institutional investors own 77.37% of the company’s stock.

Lincoln National Company Profile

(Get Rating)

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The Annuities segment offers fixed, variable, and indexed variable annuities.

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