Triasima Portfolio Management inc. Purchases 699 Shares of Lincoln National Co. (NYSE:LNC)

Triasima Portfolio Management inc. boosted its position in Lincoln National Co. (NYSE:LNC) by 4.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 17,224 shares of the financial services provider’s stock after purchasing an additional 699 shares during the period. Triasima Portfolio Management inc.’s holdings in Lincoln National were worth $546,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in shares of Lincoln National by 7.2% during the third quarter. Principal Financial Group Inc. now owns 3,309,453 shares of the financial services provider’s stock valued at $104,281,000 after acquiring an additional 223,129 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Lincoln National by 2.9% during the second quarter. The Manufacturers Life Insurance Company now owns 40,271 shares of the financial services provider’s stock worth $1,252,000 after buying an additional 1,121 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Lincoln National by 19.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 64,658 shares of the financial services provider’s stock valued at $2,050,000 after acquiring an additional 10,560 shares during the last quarter. Range Financial Group LLC bought a new position in shares of Lincoln National during the 4th quarter valued at approximately $1,075,000. Finally, Geode Capital Management LLC raised its holdings in shares of Lincoln National by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,373,487 shares of the financial services provider’s stock worth $106,322,000 after purchasing an additional 152,622 shares during the period. Hedge funds and other institutional investors own 72.81% of the company’s stock.

Lincoln National Price Performance

Shares of Lincoln National stock opened at $37.01 on Friday. The firm has a market capitalization of $6.30 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 0.27 and a beta of 1.79. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.73. Lincoln National Co. has a 12 month low of $25.09 and a 12 month high of $37.24. The business’s 50-day moving average price is $32.93 and its 200-day moving average price is $32.49.

Lincoln National (NYSE:LNC) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.91 EPS for the quarter, topping the consensus estimate of $1.87 by $0.04. Lincoln National had a net margin of 2.51% and a return on equity of 18.15%. Sell-side analysts forecast that Lincoln National Co. will post 6.97 EPS for the current fiscal year.

Lincoln National Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were given a dividend of $0.45 per share. The ex-dividend date was Friday, January 10th. This represents a $1.80 annualized dividend and a yield of 4.86%. Lincoln National’s payout ratio is 128.57%.

Analysts Set New Price Targets

LNC has been the topic of several research reports. Barclays boosted their target price on Lincoln National from $36.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday. TD Cowen lifted their target price on shares of Lincoln National from $34.00 to $37.00 and gave the stock a “hold” rating in a research note on Wednesday, November 27th. StockNews.com upgraded shares of Lincoln National from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company reduced their price objective on shares of Lincoln National from $29.00 to $28.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $33.60.

Lincoln National Company 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.