Atria Wealth Solutions Inc. Has $416,000 Stock Holdings in Lincoln National Co. (NYSE:LNC)

Atria Wealth Solutions Inc. cut its stake in shares of Lincoln National Co. (NYSE:LNC - Free Report) by 34.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,131 shares of the financial services provider's stock after selling 6,801 shares during the period. Atria Wealth Solutions Inc.'s holdings in Lincoln National were worth $416,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Creative Planning increased its stake in shares of Lincoln National by 7.1% in the third quarter. Creative Planning now owns 21,922 shares of the financial services provider's stock worth $691,000 after acquiring an additional 1,451 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Lincoln National by 535.5% during the 3rd quarter. Blue Trust Inc. now owns 1,074 shares of the financial services provider's stock worth $33,000 after purchasing an additional 905 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of Lincoln National by 2.6% during the 3rd quarter. Raymond James & Associates now owns 159,899 shares of the financial services provider's stock valued at $5,038,000 after buying an additional 4,005 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Lincoln National by 11.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 54,098 shares of the financial services provider's stock valued at $1,705,000 after buying an additional 5,390 shares in the last quarter. Finally, Pallas Capital Advisors LLC increased its holdings in Lincoln National by 7.9% in the third quarter. Pallas Capital Advisors LLC now owns 10,830 shares of the financial services provider's stock worth $355,000 after buying an additional 796 shares during the last quarter. Institutional investors and hedge funds own 72.81% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Wells Fargo & Company boosted their target price on shares of Lincoln National from $28.00 to $36.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 19th. StockNews.com raised shares of Lincoln National from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th. Barclays boosted their price target on Lincoln National from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. Evercore ISI raised their price objective on Lincoln National from $41.00 to $44.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. Finally, Keefe, Bruyette & Woods upped their target price on Lincoln National from $37.00 to $40.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $37.40.

Lincoln National Stock Performance

Shares of Lincoln National stock traded down $1.10 during midday trading on Monday, hitting $37.90. The company had a trading volume of 1,108,480 shares, compared to its average volume of 1,575,694. The business's 50 day simple moving average is $34.51 and its two-hundred day simple moving average is $33.28. Lincoln National Co. has a 1-year low of $25.60 and a 1-year high of $39.85. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.27 and a quick ratio of 0.27. The stock has a market cap of $6.46 billion, a PE ratio of 2.06, a P/E/G ratio of 0.30 and a beta of 1.79.

Lincoln National (NYSE:LNC - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.04. Lincoln National had a return on equity of 18.47% and a net margin of 17.76%. As a group, equities analysts predict that Lincoln National Co. will post 7.69 EPS 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. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, April 10th. This represents a $1.80 dividend on an annualized basis and a yield of 4.75%. Lincoln National's dividend payout ratio is currently 9.79%.

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.