Lincoln National Co. (NYSE:LNC) Shares Sold by Lincoln National Corp

Lincoln National Corp reduced its stake in shares of Lincoln National Co. (NYSE:LNC) by 8.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,928 shares of the financial services provider’s stock after selling 5,347 shares during the period. Lincoln National Corp’s holdings in Lincoln National were worth $1,589,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in LNC. Financial Gravity Asset Management Inc. boosted its stake in Lincoln National by 3,930.8% during the third quarter. Financial Gravity Asset Management Inc. now owns 1,048 shares of the financial services provider’s stock worth $26,000 after buying an additional 1,022 shares during the last quarter. CVA Family Office LLC purchased a new stake in shares of Lincoln National in the fourth quarter valued at about $37,000. Highlander Capital Management LLC increased its position in Lincoln National by 200.0% during the fourth quarter. Highlander Capital Management LLC now owns 1,500 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 1,000 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in Lincoln National by 115.2% during the third quarter. Parkside Financial Bank & Trust now owns 1,752 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 938 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in Lincoln National by 47.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 571 shares during the last quarter. 72.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LNC. Wells Fargo & Company lifted their price target on shares of Lincoln National from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Thursday, April 11th. Evercore ISI upped their price target on Lincoln National from $33.00 to $35.00 and gave the company an “in-line” rating in a research note on Thursday, April 11th. Keefe, Bruyette & Woods raised their price objective on Lincoln National from $30.00 to $32.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. upped their target price on shares of Lincoln National from $26.00 to $29.00 and gave the company an “underweight” rating in a research report on Tuesday, April 2nd. Finally, The Goldman Sachs Group lifted their price target on shares of Lincoln National from $29.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday, January 9th. Two investment analysts have 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 MarketBeat.com, Lincoln National currently has a consensus rating of “Hold” and a consensus price target of $28.27.

Insider Transactions at Lincoln National

In other Lincoln National news, Director Owen Ryan purchased 10,000 shares of the business’s stock in a transaction on Friday, February 9th. The shares were bought at an average cost of $25.90 per share, for a total transaction of $259,000.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at $259,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Lincoln National Stock Down 0.4 %

NYSE:LNC traded down $0.11 during midday trading on Wednesday, reaching $29.03. The company had a trading volume of 348,307 shares, compared to its average volume of 1,891,104. Lincoln National Co. has a 12-month low of $18.50 and a 12-month high of $32.43. The firm has a market capitalization of $4.94 billion, a price-to-earnings ratio of 3.98, a PEG ratio of 0.18 and a beta of 1.80. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.87. The stock’s fifty day simple moving average is $28.53 and its 200-day simple moving average is $26.68.

Lincoln National (NYSE:LNC) last announced its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.13. Lincoln National had a return on equity of 19.50% and a net margin of 11.31%. The business had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $4.44 billion. On average, sell-side analysts anticipate that Lincoln National Co. will post 6.25 earnings per share for the current fiscal year.

Lincoln National Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th were issued a $0.45 dividend. The ex-dividend date was Tuesday, April 9th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.20%. Lincoln National’s payout ratio is 24.62%.

Lincoln National Company Profile

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.