Cigna Investments Inc. New Sells 766 Shares of Lincoln National Co. (NYSE:LNC)

Cigna Investments Inc. New lowered its holdings in Lincoln National Co. (NYSE:LNC) by 12.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,260 shares of the financial services provider’s stock after selling 766 shares during the quarter. Cigna Investments Inc. New’s holdings in Lincoln National were worth $286,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Scout Investments Inc. raised its holdings in shares of Lincoln National by 103.1% in the 4th quarter. Scout Investments Inc. now owns 1,441,180 shares of the financial services provider’s stock valued at $85,044,000 after purchasing an additional 731,540 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Lincoln National by 2.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,353,598 shares of the financial services provider’s stock valued at $81,649,000 after purchasing an additional 33,110 shares in the last quarter. Parametric Portfolio Associates LLC grew its position in shares of Lincoln National by 3.2% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,314,633 shares of the financial services provider’s stock worth $79,299,000 after buying an additional 40,777 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Lincoln National by 43.3% in the 4th quarter. Russell Investments Group Ltd. now owns 1,027,127 shares of the financial services provider’s stock worth $60,495,000 after buying an additional 310,325 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Lincoln National by 18.1% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 987,216 shares of the financial services provider’s stock worth $59,549,000 after buying an additional 150,998 shares during the last quarter. Institutional investors and hedge funds own 80.53% of the company’s stock.

A number of research analysts have recently issued reports on the stock. Morgan Stanley reaffirmed a “buy” rating and issued a $73.00 price objective on shares of Lincoln National in a research report on Monday. TheStreet raised shares of Lincoln National from a “c” rating to a “b-” rating in a research report on Wednesday, February 5th. Wells Fargo & Co reaffirmed a “hold” rating on shares of Lincoln National in a research report on Monday, January 6th. Finally, Zacks Investment Research downgraded shares of Lincoln National from a “hold” rating to a “sell” rating and set a $64.00 price objective on the stock. in a research report on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $70.75.

Shares of Lincoln National stock opened at $61.17 on Friday. The firm’s 50 day moving average price is $58.27 and its 200-day moving average price is $58.24. The company has a quick ratio of 0.21, a current ratio of 0.20 and a debt-to-equity ratio of 0.31. Lincoln National Co. has a 52-week low of $50.81 and a 52-week high of $67.52. The company has a market cap of $11.84 billion, a P/E ratio of 14.13, a PEG ratio of 0.65 and a beta of 1.94.

Lincoln National (NYSE:LNC) last issued its quarterly earnings data on Wednesday, February 5th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.41. The firm had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.49 billion. Lincoln National had a net margin of 5.13% and a return on equity of 9.91%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.15 EPS. As a group, equities research analysts forecast that Lincoln National Co. will post 10.22 EPS for the current fiscal year.

Lincoln National Profile

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The Annuities segment offers variable, fixed, and indexed variable annuities.

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Institutional Ownership by Quarter for Lincoln National (NYSE:LNC)

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