The average one-year price target for Lincoln National (NYSE:LNC) has been revised to 30.71 / share. This is an increase of 6.78% from the prior estimate of 28.76 dated March 28, 2024.

The price target is an average of many targets provided by analysts. The latest targets range from a low of 26.26 to a high of 36.75 / share. The average price target represents an increase of 12.50% from the latest reported closing price of 27.30 / share.

Lincoln National Declares $0.45 Dividend

On February 22, 2024 the company declared a regular quarterly dividend of $0.45 per share ($1.80 annualized). Shareholders of record as of April 10, 2024 will receive the payment on May 1, 2024. Previously, the company paid $0.45 per share.

At the current share price of $27.30 / share, the stock's dividend yield is 6.59%.

Looking back five years and taking a sample every week, the average dividend yield has been 4.25%, the lowest has been 2.22%, and the highest has been 9.22%. The standard deviation of yields is 1.94 (n=234).

The current dividend yield is 1.21 standard deviations above the historical average.

Additionally, the company's dividend payout ratio is -0.41. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company's 3-Year dividend growth rate is 0.07%, demonstrating that it has increased its dividend over time.

What is the Fund Sentiment?

There are 893 funds or institutions reporting positions in Lincoln National. This is a decrease of 123 owner(s) or 12.11% in the last quarter. Average portfolio weight of all funds dedicated to LNC is 0.12%, an increase of 28.51%. Total shares owned by institutions decreased in the last three months by 1.30% to 139,218K shares. The put/call ratio of LNC is 1.51, indicating a bearish outlook.

What are Other Shareholders Doing?

IJR - iShares Core S&P Small-Cap ETF holds 7,760K shares representing 4.56% ownership of the company. In it's prior filing, the firm reported owning 7,525K shares, representing an increase of 3.02%. The firm decreased its portfolio allocation in LNC by 2.59% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,310K shares representing 3.12% ownership of the company. In it's prior filing, the firm reported owning 5,290K shares, representing an increase of 0.38%. The firm decreased its portfolio allocation in LNC by 2.01% over the last quarter.

NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 4,320K shares representing 2.54% ownership of the company. In it's prior filing, the firm reported owning 4,368K shares, representing a decrease of 1.12%. The firm decreased its portfolio allocation in LNC by 5.11% over the last quarter.

Hsbc Holdings holds 4,257K shares representing 2.50% ownership of the company. In it's prior filing, the firm reported owning 4,279K shares, representing a decrease of 0.53%. The firm decreased its portfolio allocation in LNC by 85.28% over the last quarter.

Geode Capital Management holds 3,126K shares representing 1.84% ownership of the company. In it's prior filing, the firm reported owning 2,444K shares, representing an increase of 21.80%. The firm increased its portfolio allocation in LNC by 22.69% over the last quarter.

Lincoln National Background Information
(This description is provided by the company.)

Lincoln Financial Group provides advice and solutions that help people take charge of their financial lives with confidence and optimism. Today, more than 17 million customers trust our retirement, insurance and wealth protection expertise to help address their lifestyle, savings and income goals, and guard against long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates. The company had $281 billion in end-of-period account values as of September 30, 2020. Lincoln Financial Group is a committed corporate citizen included on major sustainability indices including the Dow Jones Sustainability Index North America and FTSE4Good. Dedicated to diversity and inclusion, we earned perfect 100 percent scores on the Corporate Equality Index and the Disability Equality Index, and rank among Forbes' World's Best Employers, Best Large Employers, Best Employers for Diversity, and Best Employers for Women, and Newsweek's Most Responsible Companies.