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

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

Several other institutional investors have also added to or reduced their stakes in the company. Lecap Asset Management Ltd. bought a new position in shares of Lincoln National during the fourth quarter valued at about $873,000. Hedeker Wealth LLC increased its holdings in Lincoln National by 2.5% during the 4th quarter. Hedeker Wealth LLC now owns 83,464 shares of the financial services provider’s stock valued at $2,647,000 after purchasing an additional 2,062 shares during the period. HFG Advisors Inc. bought a new position in Lincoln National during the 4th quarter valued at approximately $265,000. DAVENPORT & Co LLC lifted its holdings in Lincoln National by 8.6% in the 4th quarter. DAVENPORT & Co LLC now owns 27,300 shares of the financial services provider’s stock worth $866,000 after buying an additional 2,170 shares during the period. Finally, Crews Bank & Trust bought a new stake in shares of Lincoln National in the 4th quarter worth approximately $51,000. Hedge funds and other institutional investors own 72.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on LNC shares. StockNews.com upgraded Lincoln National from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. TD Cowen raised their target price on shares of Lincoln National from $34.00 to $37.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. Barclays boosted their price target on shares of Lincoln National from $36.00 to $38.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Wells Fargo & Company lowered 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 report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $33.60.

Lincoln National Stock Performance

Lincoln National stock opened at $37.01 on Friday. The stock’s 50 day moving average is $32.93 and its 200 day moving average is $32.49. The company has a market capitalization of $6.30 billion, a P/E ratio of 26.44, a PEG ratio of 0.27 and a beta of 1.79. Lincoln National Co. has a twelve month low of $25.09 and a twelve month high of $37.24. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.73.

Lincoln National (NYSE:LNC) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.04. Lincoln National had a return on equity of 18.15% and a net margin of 2.51%. On average, equities research analysts predict that Lincoln National Co. will post 6.97 earnings per share for the current fiscal year.

Lincoln National Dividend Announcement

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

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.