Lincoln National Corp Sells 5,347 Shares of Lincoln National Co. (NYSE:LNC)

Lincoln National Corp lessened its stake in Lincoln National Co. (NYSE:LNC) by 8.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,928 shares of the financial services provider’s stock after selling 5,347 shares during the quarter. Lincoln National Corp’s holdings in Lincoln National were worth $1,589,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in LNC. Security Financial Services INC. raised its position in Lincoln National by 4.6% in the 4th quarter. Security Financial Services INC. now owns 8,803 shares of the financial services provider’s stock valued at $237,000 after buying an additional 385 shares during the last quarter. Greenleaf Trust increased its stake in Lincoln National by 3.9% in the 3rd quarter. Greenleaf Trust now owns 12,557 shares of the financial services provider’s stock valued at $310,000 after buying an additional 468 shares during the last quarter. Allworth Financial LP lifted its position in Lincoln National by 14.4% during the 4th quarter. Allworth Financial LP now owns 4,238 shares of the financial services provider’s stock worth $114,000 after buying an additional 532 shares in the last quarter. Yousif Capital Management LLC boosted its stake in shares of Lincoln National by 0.6% during the 4th quarter. Yousif Capital Management LLC now owns 91,833 shares of the financial services provider’s stock worth $2,477,000 after buying an additional 535 shares during the last quarter. Finally, Advisor Partners II LLC grew its holdings in shares of Lincoln National by 1.6% in the 3rd quarter. Advisor Partners II LLC now owns 34,732 shares of the financial services provider’s stock valued at $858,000 after acquiring an additional 550 shares in the last quarter. Institutional investors own 72.81% of the company’s stock.

Lincoln National Stock Performance

Shares of LNC stock traded down $0.11 during trading on Wednesday, reaching $29.03. 348,307 shares of the company’s stock traded hands, compared to its average volume of 1,891,104. The firm’s 50-day moving average is $28.53 and its 200 day moving average is $26.68. The company has a market capitalization of $4.94 billion, a P/E ratio of 3.98, a PEG ratio of 0.18 and a beta of 1.80. Lincoln National Co. has a 1 year low of $18.50 and a 1 year high of $32.43. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.87.

Lincoln National (NYSE:LNC) last posted its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.13. The firm had revenue of $1.97 billion during the quarter, compared to analyst estimates of $4.44 billion. Lincoln National had a return on equity of 19.50% and a net margin of 11.31%. Equities research analysts expect that Lincoln National Co. will post 6.25 EPS for the current year.

Lincoln National Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 6.20%. The ex-dividend date was Tuesday, April 9th. Lincoln National’s payout ratio is 24.62%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on LNC shares. Jefferies Financial Group upgraded Lincoln National from an “underperform” rating to a “hold” rating in a research note on Monday, February 12th. Piper Sandler lowered their target price on Lincoln National from $32.00 to $30.00 and set a “neutral” rating for the company in a report on Monday. The Goldman Sachs Group upped their target price on Lincoln National from $29.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, January 9th. Keefe, Bruyette & Woods boosted 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. Finally, StockNews.com upgraded shares of Lincoln National from a “sell” rating to a “hold” rating in a research report on Monday, April 15th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $28.27.

Insider Buying and Selling at Lincoln National

In related news, Director Owen Ryan bought 10,000 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average cost of $25.90 per share, with a total value of $259,000.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $259,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.54% of the company’s stock.

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.