Eads & Heald Wealth Management Boosts Stock Holdings in Lincoln National Co. (NYSE:LNC)

Eads & Heald Wealth Management raised its position in Lincoln National Co. (NYSE:LNC) by 7.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,490 shares of the financial services provider’s stock after buying an additional 545 shares during the quarter. Eads & Heald Wealth Management’s holdings in Lincoln National were worth $236,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in Lincoln National by 4.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 26,372 shares of the financial services provider’s stock valued at $842,000 after purchasing an additional 1,085 shares during the last quarter. Diversified Trust Co purchased a new stake in shares of Lincoln National during the 1st quarter valued at approximately $214,000. Allspring Global Investments Holdings LLC grew its stake in Lincoln National by 249.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,223 shares of the financial services provider’s stock valued at $39,000 after buying an additional 873 shares in the last quarter. Private Advisor Group LLC raised its holdings in Lincoln National by 97.3% during the 1st quarter. Private Advisor Group LLC now owns 75,018 shares of the financial services provider’s stock valued at $2,395,000 after acquiring an additional 36,992 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Lincoln National during the first quarter worth $207,000. Hedge funds and other institutional investors own 72.81% of the company’s stock.

Lincoln National Price Performance

LNC opened at $33.52 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $5.71 billion, a P/E ratio of 23.94, a PEG ratio of 0.33 and a beta of 1.79. The stock has a 50-day moving average price of $31.68 and a 200-day moving average price of $31.09. Lincoln National Co. has a 12-month low of $20.85 and a 12-month high of $36.46.

Lincoln National (NYSE:LNC) last issued its earnings results on Thursday, October 31st. The financial services provider reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.42. The business had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.61 billion. Lincoln National had a return on equity of 18.15% and a net margin of 2.51%. Lincoln National’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.23 earnings per share. Equities analysts predict that Lincoln National Co. will post 5.73 earnings per share for the current fiscal year.

Lincoln National Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Thursday, October 10th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 5.37%. The ex-dividend date of this dividend was Thursday, October 10th. Lincoln National’s dividend payout ratio is currently 128.57%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Morgan Stanley decreased their price objective on Lincoln National from $30.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Monday, August 19th. Wells Fargo & Company increased their price target on shares of Lincoln National from $28.00 to $29.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. StockNews.com cut shares of Lincoln National from a “hold” rating to a “sell” rating in a research note on Wednesday. TD Cowen initiated coverage on shares of Lincoln National in a research note on Wednesday, October 9th. They issued a “hold” rating and a $34.00 target price on the stock. Finally, Barclays boosted their price target on shares of Lincoln National from $35.00 to $36.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $33.00.

Lincoln National 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.