Barclays PLC Decreases Position in Lincoln National Co. (NYSE:LNC)

Barclays PLC decreased its position in Lincoln National Co. (NYSE:LNC - Free Report) by 18.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 117,343 shares of the financial services provider's stock after selling 26,671 shares during the period. Barclays PLC owned approximately 0.07% of Lincoln National worth $3,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in Lincoln National by 7.2% in the 3rd quarter. Principal Financial Group Inc. now owns 3,309,453 shares of the financial services provider's stock worth $104,281,000 after acquiring an additional 223,129 shares during the last quarter. Norges Bank purchased a new position in Lincoln National in the 4th quarter worth $76,951,000. Hennessy Advisors Inc. purchased a new position in Lincoln National in the 4th quarter worth $54,189,000. Arrowstreet Capital Limited Partnership raised its stake in Lincoln National by 84.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,543,624 shares of the financial services provider's stock worth $48,948,000 after acquiring an additional 708,584 shares during the last quarter. Finally, LPL Financial LLC raised its stake in Lincoln National by 190.9% in the 4th quarter. LPL Financial LLC now owns 741,330 shares of the financial services provider's stock worth $23,508,000 after acquiring an additional 486,478 shares during the last quarter. Hedge funds and other institutional investors own 72.81% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Morgan Stanley reduced their target price on Lincoln National from $42.00 to $32.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Wells Fargo & Company cut their price target on Lincoln National from $36.00 to $31.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. UBS Group increased their price target on Lincoln National from $32.00 to $38.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. Barclays increased 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. Finally, Evercore ISI increased their price target on Lincoln National from $41.00 to $44.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $35.91.

Lincoln National Trading Up 1.0 %

Shares of LNC stock opened at $32.04 on Tuesday. Lincoln National Co. has a fifty-two week low of $25.80 and a fifty-two week high of $39.85. The firm has a market capitalization of $5.47 billion, a P/E ratio of 1.74, a PEG ratio of 0.30 and a beta of 1.56. The stock's fifty day moving average is $34.25 and its two-hundred day moving average is $34.05. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.27 and a current ratio of 0.27.

Lincoln National (NYSE:LNC - Get Free Report) last posted its quarterly earnings results 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 net margin of 17.76% and a return on equity of 18.47%. Research analysts expect that Lincoln National Co. will post 7.69 earnings per share for the current fiscal year.

Lincoln National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.80 dividend on an annualized basis and a yield of 5.62%. Lincoln National's payout ratio is 9.79%.

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.

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