Nisa Investment Advisors LLC buys 5,300 shares of Lincoln National Co. (NYSE:LNC)

Nisa Investment Advisors LLC raised its stake in Lincoln National Co. (NYSE:LNC – Free Report) by 12.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 48,708 shares of the financial services provider’s stock after acquiring an additional 5,300 shares during the period. Nisa Investment Advisors LLC’s holdings in Lincoln National were worth $1,515,000 as of its most recent SEC filing.

Other hedge funds have recently modified their positions in the company. GSA Capital Partners LLP boosted its holdings in shares of Lincoln National by 1,032.2% during the 4th quarter. GSA Capital Partners LLP now owns 105,777 shares of the financial services provider’s stock worth $2,853,000 after purchasing another 96,434 shares in the last quarter. First Eagle Investment Management LLC grew its position in Lincoln National by 33.0% in the first quarter. First Eagle Investment Management LLC now owns 387,800 shares of the financial services provider’s stock worth $12,382,000 after purchasing an additional 96,200 shares during the period. Cantor Fitzgerald Investment Advisors LP acquired a new position in Lincoln National in the 4th quarter valued at $2,263,000. Vanguard Group Inc. grew its position in Lincoln National by 0.8% in the first quarter. Vanguard Group Inc. now owns 21,854,837 shares of the financial services provider’s stock worth $697,825,000 after purchasing an additional 166,167 shares during the period. Finally, Crestline Management LP grew its position in Lincoln National by 75.0% in the fourth quarter. Crestline Management LP now owns 105,000 shares of the financial services provider’s stock worth $2,832,000 after buying an additional 45,000 shares during the period. 72.81% of shares are owned by institutional investors.

Lincoln National Stock Performance

NYSE:LNC opened at $31.03 on Friday. Lincoln National Co. it has a one year low of $20.85 and a one year high of $36.46. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.27, and a quick ratio of 0.26. The company’s 50-day simple moving average is $31.37 and its 200-day simple moving average is $29.86. The firm has a market cap of $5.28 billion, a P/E ratio of 4.24, a PEG ratio of 0.29 and a beta of 1.84.

Lincoln National (NYSE:LNC – Get Your Free Report ) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.84 EPS for the quarter, topping the consensus estimate of $1.77 by $0.07. Lincoln National had a net margin of 12.24% and a return on equity of 17.13%. The company had revenue of $5.15 billion for the quarter, compared to analyst estimates of $4.65 billion. In the same quarter last year, the company posted earnings of $2.02 per share. As a group, analysts forecast that Lincoln National Co. will record 5.83 EPS for the current fiscal year.

Lincoln National announces dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be paid a dividend of $0.45 per share. This represents an annualized dividend of $1.80 and a yield of 5.80%. Lincoln National’s payout ratio is currently 24.62%.

Insider buying and selling

In other news, EVP Sean Woodroffe sold 55,127 shares of the company’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 value of $1,795,486.39. Following the transaction, the executive vice president now 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 available at this link. 0.54% of shares are currently owned by insiders.

Changes in Analyst Ratings

A number of equities analysts recently commented on the stock. Piper Sandler lifted their price target on shares of Lincoln National from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, June 28th. Jefferies Financial Group lifted their price target on shares of Lincoln National from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, June 28th. Wells Fargo & Company lowered 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 research report on Friday, May 10th. Morgan Stanley reduced their price objective on shares of Lincoln National from $30.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Monday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Lincoln National from $28.00 to $34.00 and gave the company an “underweight” rating in a research report on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. Lincoln National currently has a consensus rating of “Hold” and an average price target of $32.40, according to MarketBeat.com.

See the latest stock analysis on Lincoln National

Lincoln National Profile

(Free report)

Lincoln National Corporation, through its subsidiaries, operates several insurance and pension businesses in the United States. It operates in four segments: life insurance, annuities, group protection and retirement plan services. The Life Insurance segment offers life insurance products including term insurance, universal life (UL), indexed universal life, variable universal life (VUL), UL and linked benefit VUL products and customers for critical illness and long-term care.

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