Hedeker Wealth LLC Grows Stock Holdings in Lincoln National Co. (NYSE:LNC)

Hedeker Wealth LLC grew its holdings in Lincoln National Co. (NYSE:LNC) by 1.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,368 shares of the financial services provider’s stock after acquiring an additional 1,317 shares during the period. Hedeker Wealth LLC’s holdings in Lincoln National were worth $2,598,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Security Financial Services INC. lifted its stake in shares of Lincoln National by 4.6% in the 4th quarter. Security Financial Services INC. now owns 8,803 shares of the financial services provider’s stock valued at $237,000 after purchasing an additional 385 shares during the period. Allworth Financial LP raised its position in Lincoln National by 14.4% during the fourth quarter. Allworth Financial LP now owns 4,238 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 532 shares during the period. Yousif Capital Management LLC raised its position in Lincoln National by 0.6% during the fourth 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 during the period. Amalgamated Bank raised its position in Lincoln National by 0.8% during the fourth 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 during the period. Finally, Sound View Wealth Advisors Group LLC raised its position in Lincoln National by 5.1% during 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 during the period. 72.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Lincoln National

In other news, EVP Sean Woodroffe sold 55,127 shares of the firm’s 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 transaction, the executive vice president now directly owns 198,255 shares in the company, valued at $6,457,165.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.54% of the company’s stock.

Lincoln National Stock Up 1.2 %

NYSE:LNC traded up $0.37 during mid-day trading on Wednesday, hitting $31.75. The stock had a trading volume of 34,881 shares, compared to its average volume of 1,772,230. The stock has a 50-day simple moving average of $30.71 and a two-hundred day simple moving average of $28.90. The company has a market capitalization of $5.40 billion, a PE ratio of 4.29, a PEG ratio of 0.24 and a beta of 1.84. Lincoln National Co. has a twelve month low of $20.85 and a twelve month high of $33.33. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.87.

Lincoln National (NYSE:LNC) last released its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.27. Lincoln National had a net margin of 11.31% and a return on equity of 19.50%. The company had revenue of $4.58 billion for the quarter, compared to analysts’ expectations of $4.64 billion. On average, equities research analysts anticipate that Lincoln National Co. will post 5.98 EPS for the current year.

Lincoln National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th will be given a dividend of $0.45 per share. The ex-dividend date is Wednesday, July 10th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.67%. Lincoln National’s dividend payout ratio (DPR) is presently 24.62%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LNC. Wells Fargo & Company reduced their target price on shares of Lincoln National from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday, May 10th. Evercore ISI increased their target price on shares of Lincoln National from $33.00 to $35.00 and gave the company an “in-line” rating in a research report on Thursday, April 11th. Piper Sandler upped their price objective on shares of Lincoln National from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Friday, June 28th. Keefe, Bruyette & Woods upped their price objective on shares of Lincoln National from $30.00 to $32.00 and gave the company a “market perform” rating in a report on Wednesday, April 10th. Finally, Jefferies Financial Group upped their price objective on shares of Lincoln National from $34.00 to $38.00 and gave the company a “buy” rating in a report on Friday, June 28th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Lincoln National presently has an average rating of “Hold” and an average price target of $31.20.

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.