Forvis Mazars Wealth Advisors LLC Acquires 338 Shares of Lincoln National Co. (NYSE:LNC)

Forvis Mazars Wealth Advisors LLC grew its holdings in shares of Lincoln National Co. (NYSE:LNC) by 3.1% in the fourth quarter, HoldingsChannel reports. The fund owned 11,199 shares of the financial services provider’s stock after purchasing an additional 338 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in Lincoln National were worth $355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Hussman Strategic Advisors Inc. bought a new stake in shares of Lincoln National during the 4th quarter valued at $666,000. Handelsbanken Fonder AB grew its position in shares of Lincoln National by 30.2% during the 4th quarter. Handelsbanken Fonder AB now owns 34,900 shares of the financial services provider’s stock valued at $1,107,000 after acquiring an additional 8,100 shares during the period. Private Advisor Group LLC grew its position in shares of Lincoln National by 3.5% during the 4th quarter. Private Advisor Group LLC now owns 45,398 shares of the financial services provider’s stock valued at $1,440,000 after acquiring an additional 1,521 shares during the period. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Lincoln National during the 4th quarter valued at $295,000. Finally, Valeo Financial Advisors LLC lifted its stake in shares of Lincoln National by 26.5% during the 4th quarter. Valeo Financial Advisors LLC now owns 9,631 shares of the financial services provider’s stock valued at $305,000 after buying an additional 2,015 shares in the last quarter. Institutional investors own 72.81% of the company’s stock.

Lincoln National Stock Down 0.3 %

Shares of LNC stock opened at $37.42 on Tuesday. The stock has a market cap of $6.37 billion, a P/E ratio of 2.04, a PEG ratio of 0.30 and a beta of 1.79. Lincoln National Co. has a 52 week low of $25.60 and a 52 week high of $39.85. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.80. The company’s fifty day simple moving average is $33.97 and its two-hundred day simple moving average is $33.04.

Lincoln National (NYSE:LNC) last announced 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 17.76% and a return on equity of 18.47%. Analysts predict that Lincoln National Co. will post 7.69 EPS for the current fiscal year.

Lincoln National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 4.81%. The ex-dividend date of this dividend is Thursday, April 10th. Lincoln National’s dividend payout ratio is 9.79%.

Wall Street Analysts Forecast Growth

LNC has been the topic of a number of analyst reports. Morgan Stanley lifted their target price on shares of Lincoln National from $36.00 to $39.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Keefe, Bruyette & Woods lifted their target price on shares of Lincoln National from $37.00 to $40.00 and gave the company a “market perform” rating in a research note on Wednesday, February 12th. TD Cowen lifted their target price on shares of Lincoln National from $34.00 to $37.00 and gave the company a “hold” rating in a research note on Wednesday, November 27th. Barclays lifted their target price on shares of Lincoln National from $36.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. Finally, Wells Fargo & Company lifted their target price on shares of Lincoln National from $28.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $37.10.

About Lincoln National

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.