HB Wealth Management LLC lifted its position in shares of Lincoln National Co. (NYSE:LNC – Get Rating) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,918 shares of the financial services provider’s stock after purchasing an additional 466 shares during the period. HB Wealth Management LLC’s holdings in Lincoln National were worth $458,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Boyd Watterson Asset Management LLC OH bought a new position in Lincoln National in the fourth quarter worth about $26,000. Achmea Investment Management B.V. bought a new position in Lincoln National in the first quarter worth about $30,000. Ronald Blue Trust Inc. raised its stake in Lincoln National by 134.2% in the fourth quarter. Ronald Blue Trust Inc. now owns 712 shares of the financial services provider’s stock worth $31,000 after buying an additional 408 shares in the last quarter. General Partner Inc. purchased a new position in shares of Lincoln National during the fourth quarter valued at approximately $36,000. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Lincoln National by 25.4% during the third quarter. Parkside Financial Bank & Trust now owns 1,017 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 206 shares during the last quarter. 78.00% of the stock is currently owned by hedge funds and other institutional investors.
Lincoln National Trading Up 2.9 %
LNC stock opened at $22.47 on Friday. The firm’s fifty day moving average is $29.42 and its 200 day moving average is $35.86. Lincoln National Co. has a one year low of $19.74 and a one year high of $69.91. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.19 and a current ratio of 0.19.
Lincoln National Dividend Announcement
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the stock. Barclays lowered shares of Lincoln National from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $35.00 to $29.00 in a report on Monday, January 9th. StockNews.com assumed coverage on shares of Lincoln National in a report on Thursday, March 16th. They set a “sell” rating for the company. Evercore ISI lowered their target price on shares of Lincoln National to $33.00 in a report on Monday, December 12th. Piper Sandler decreased their price objective on shares of Lincoln National from $38.00 to $31.00 and set a “neutral” rating for the company in a report on Tuesday, December 20th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Lincoln National from $41.00 to $33.00 in a report on Sunday, December 18th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $36.21.
Lincoln National Company Profile
Lincoln National Corp. is a holding company, which operates multiple insurance and retirement businesses through its subsidiary companies. It provides advice and solutions that help empower people to take charge of their financial lives with confidence and optimism. It operates through the following segments: Annuities, Retirement Plan Services, Life Insurance, Group Protection, and Other Operations.
Further Reading
- Get a free copy of the StockNews.com research report on Lincoln National (LNC)
- What is a Gold IRA, and is it a Viable Investment?
- Is Braze, Inc Ready To Rocket Higher?
- Mullen Automotive Makes Deliveries; Short-Squeeze Possible
- Can Frontline Maintain This Momentum?
- Walmart Shares Jump on Evercore Analyst Upgrade
Want to see what other hedge funds are holding LNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lincoln National Co. (NYSE:LNC – Get Rating).
Receive News & Ratings for Lincoln National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lincoln National and related companies with MarketBeat.com's FREE daily email newsletter.
