Lincoln National Co. (NYSE:LNC) Shares Sold by BlackDiamond Wealth Management LLC

BlackDiamond Wealth Management LLC lessened its position in Lincoln National Co. (NYSE:LNC) by 8.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 18,418 shares of the financial services provider’s stock after selling 1,805 shares during the period. BlackDiamond Wealth Management LLC’s holdings in Lincoln National were worth $490,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Financial Gravity Asset Management Inc. raised its holdings 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 purchasing an additional 1,022 shares during the last quarter. CVA Family Office LLC purchased a new stake in Lincoln National during the fourth quarter worth $37,000. Highlander Capital Management LLC boosted 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 in the last quarter. Parkside Financial Bank & Trust boosted its position 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 in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Lincoln National by 47.0% during the third quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 571 shares in the last quarter. Institutional investors and hedge funds own 72.81% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on LNC shares. Jefferies Financial Group upgraded Lincoln National from a “hold” rating to a “buy” rating and boosted their target price for the stock from $26.00 to $34.00 in a research report on Wednesday. Wells Fargo & Company cut their price target on Lincoln National from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Friday, May 10th. JPMorgan Chase & Co. boosted their price target on Lincoln National from $26.00 to $29.00 and gave the stock an “underweight” rating in a report on Tuesday, April 2nd. StockNews.com raised Lincoln National from a “sell” rating to a “hold” rating in a report on Monday, April 15th. Finally, TheStreet cut Lincoln National from a “c” rating to a “d+” rating in a report on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $29.90.

Lincoln National Stock Down 1.1 %

LNC traded down $0.34 on Thursday, reaching $31.51. The company’s stock had a trading volume of 587,148 shares, compared to its average volume of 1,830,064. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of 4.36, a price-to-earnings-growth ratio of 0.24 and a beta of 1.80. Lincoln National Co. has a 1 year low of $20.47 and a 1 year high of $32.43. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.26 and a quick ratio of 0.26. The business’s 50 day moving average is $29.20 and its 200 day moving average is $27.26.

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.