BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Lincoln National Co. (NYSE:LNC) by 9.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,438 shares of the financial services provider’s stock after acquiring an additional 6,175 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Lincoln National were worth $3,768,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Commonwealth Bank of Australia boosted its stake in shares of Lincoln National by 18.4% during the fourth quarter. Commonwealth Bank of Australia now owns 54,773 shares of the financial services provider’s stock valued at $2,806,000 after purchasing an additional 8,518 shares in the last quarter. Hsbc Holdings PLC boosted its stake in shares of Lincoln National by 4.6% during the fourth quarter. Hsbc Holdings PLC now owns 365,751 shares of the financial services provider’s stock valued at $18,767,000 after purchasing an additional 16,094 shares in the last quarter. Korea Investment CORP boosted its stake in shares of Lincoln National by 13.2% during the fourth quarter. Korea Investment CORP now owns 513,549 shares of the financial services provider’s stock valued at $26,350,000 after purchasing an additional 59,900 shares in the last quarter. Sound View Wealth Advisors LLC bought a new position in shares of Lincoln National during the fourth quarter valued at approximately $328,000. Finally, JOYN Advisors Inc. boosted its stake in shares of Lincoln National by 24.6% during the fourth quarter. JOYN Advisors Inc. now owns 937 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 185 shares in the last quarter. Institutional investors and hedge funds own 78.96% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Lincoln National from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a research note on Monday, December 10th. ValuEngine raised shares of Lincoln National from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 27th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $74.69.

In other Lincoln National news, EVP Jamie Ohl sold 7,263 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $61.70, for a total value of $448,127.10. Following the completion of the transaction, the executive vice president now owns 23,159 shares of the company’s stock, valued at $1,428,910.30. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Dennis R. Glass sold 10,000 shares of the firm’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $60.49, for a total transaction of $604,900.00. The disclosure for this sale can be found here. Corporate insiders own 6.31% of the company’s stock.

NYSE:LNC opened at $61.74 on Friday. Lincoln National Co. has a 52 week low of $48.07 and a 52 week high of $78.35. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.19 and a quick ratio of 0.19. The company has a market cap of $12.52 billion, a P/E ratio of 7.28, a PEG ratio of 0.74 and a beta of 1.93.

Lincoln National (NYSE:LNC) last posted its earnings results on Wednesday, February 6th. The financial services provider reported $2.15 EPS for the quarter, beating the Zacks’ consensus estimate of $2.13 by $0.02. Lincoln National had a net margin of 9.92% and a return on equity of 12.41%. The company had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.22 billion. During the same quarter in the prior year, the company posted $1.98 earnings per share. Lincoln National’s revenue for the quarter was up 16.4% compared to the same quarter last year. As a group, equities analysts anticipate that Lincoln National Co. will post 9.16 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.48 dividend on an annualized basis and a yield of 2.40%. Lincoln National’s payout ratio is 17.45%.

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Lincoln National Company Profile

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 company sells a range of wealth protection, accumulation, and retirement income products and solutions.

Further Reading: How can you know how many shares are floating?

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Institutional Ownership by Quarter for Lincoln National (NYSE:LNC)

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