Congress Wealth Management LLC DE Sells 101,535 Shares of Lincoln National Co. (NYSE:LNC)

Congress Wealth Management LLC DE reduced its holdings in shares of Lincoln National Co. (NYSE:LNC) by 50.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,805 shares of the financial services provider’s stock after selling 101,535 shares during the quarter. Congress Wealth Management LLC DE owned 0.06% of Lincoln National worth $3,197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. M Holdings Securities Inc. bought a new stake in Lincoln National in the 4th quarter worth approximately $29,000. Larson Financial Group LLC boosted its stake in shares of Lincoln National by 95.3% in the 3rd quarter. Larson Financial Group LLC now owns 1,086 shares of the financial services provider’s stock worth $34,000 after buying an additional 530 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Lincoln National in the fourth quarter worth $36,000. Hillsdale Investment Management Inc. increased its position in Lincoln National by 30.4% during the fourth quarter. Hillsdale Investment Management Inc. now owns 1,500 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 350 shares during the last quarter. Finally, Crews Bank & Trust purchased a new position in Lincoln National in the fourth quarter worth about $51,000. 72.81% of the stock is owned by hedge funds and other institutional investors.

Lincoln National Trading Down 0.7 %

Shares of Lincoln National stock opened at $37.41 on Thursday. Lincoln National Co. has a fifty-two week low of $25.80 and a fifty-two week high of $39.85. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market capitalization of $6.38 billion, a P/E ratio of 2.04, a P/E/G ratio of 0.30 and a beta of 1.76. The company has a fifty day moving average of $36.16 and a 200 day moving average of $33.87.

Lincoln National (NYSE:LNC) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.04. Lincoln National had a return on equity of 18.47% and a net margin of 17.76%. On average, sell-side analysts anticipate that Lincoln National Co. will post 7.69 earnings per share for the current fiscal year.

Lincoln National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date is Thursday, April 10th. Lincoln National’s payout ratio is 9.79%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Barclays upped their price target on shares of Lincoln National from $36.00 to $38.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Evercore ISI upped their target price on shares of Lincoln National from $41.00 to $44.00 and gave the company an “in-line” rating in a report on Wednesday, February 19th. Wells Fargo & Company lifted their price target on shares of Lincoln National from $28.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. Morgan Stanley upped their price objective on Lincoln National from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Finally, Keefe, Bruyette & Woods raised their target price on Lincoln National from $37.00 to $40.00 and gave the stock a “market perform” rating in a report on Wednesday, February 12th. One investment analyst has 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. According to MarketBeat, Lincoln National presently has an average rating of “Hold” and an average target price of $37.40.

Lincoln National 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.