1,298 Shares in Lincoln National Co. (NYSE:LNC) Acquired by Transcendent Capital Group LLC

Transcendent Capital Group LLC acquired a new stake in shares of Lincoln National Co. (NYSE:LNC) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,298 shares of the financial services provider’s stock, valued at approximately $35,000.

Other large investors have also made changes to their positions in the company. Brown Brothers Harriman & Co. purchased a new stake in Lincoln National in the fourth quarter valued at $27,000. Financial Gravity Asset Management Inc. boosted its stake in shares of Lincoln National by 3,930.8% in the third quarter. Financial Gravity Asset Management Inc. now owns 1,048 shares of the financial services provider’s stock worth $26,000 after buying an additional 1,022 shares during the last quarter. CVA Family Office LLC acquired a new stake in Lincoln National during the fourth quarter worth about $37,000. FinTrust Capital Advisors LLC purchased a new position in Lincoln National during the fourth quarter valued at approximately $38,000. Finally, Highlander Capital Management LLC lifted its holdings in Lincoln National by 200.0% in the fourth quarter. Highlander Capital Management LLC now owns 1,500 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 1,000 shares during the period. 72.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lincoln National

In other news, EVP Sean Woodroffe sold 55,127 shares of Lincoln National stock in a transaction that occurred on Tuesday, May 28th. 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 filing with the SEC, which can be accessed through this link. 0.54% of the stock is currently owned by company insiders.

Lincoln National Price Performance

LNC traded down $0.61 during trading on Friday, reaching $30.44. The company’s stock had a trading volume of 1,016,269 shares, compared to its average volume of 1,502,933. Lincoln National Co. has a 1 year low of $20.85 and a 1 year high of $33.33. The company has a market cap of $5.18 billion, a price-to-earnings ratio of 4.16, a PEG ratio of 0.24 and a beta of 1.85. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.87. The firm has a fifty day simple moving average of $29.97 and a two-hundred day simple moving average of $28.32.

Lincoln National (NYSE:LNC) last issued its earnings results on Thursday, May 2nd. The financial services provider reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.27. Lincoln National had a return on equity of 19.50% and a net margin of 11.31%. The company had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.64 billion. As a group, analysts anticipate that Lincoln National Co. will post 6 EPS for the current year.

Lincoln National Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 10th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 5.91%. The ex-dividend date is Wednesday, July 10th. Lincoln National’s payout ratio is currently 24.62%.

Analysts Set New Price Targets

LNC has been the subject of a number of analyst reports. Jefferies Financial Group upgraded shares of Lincoln National from a “hold” rating to a “buy” rating and upped their price objective for the stock from $26.00 to $34.00 in a research report on Wednesday, May 22nd. Keefe, Bruyette & Woods raised their price objective on Lincoln National from $30.00 to $32.00 and gave the company a “market perform” rating in a report on Wednesday, April 10th. JPMorgan Chase & Co. upped their target price on Lincoln National from $26.00 to $29.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 2nd. StockNews.com raised shares of Lincoln National from a “sell” rating to a “hold” rating in a research note on Monday, April 15th. Finally, Wells Fargo & Company decreased their price objective on shares of Lincoln National from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Friday, May 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $29.90.

About Lincoln National

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.