CANADA LIFE ASSURANCE Co cut its holdings in Lincoln National Co. (NYSE:LNC - Free Report) by 7.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 209,425 shares of the financial services provider's stock after selling 17,931 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.12% of Lincoln National worth $6,641,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the business. M Holdings Securities Inc. bought a new stake in Lincoln National during the 4th quarter worth about $29,000. Headlands Technologies LLC bought a new stake in Lincoln National during the fourth quarter worth about $35,000. SBI Securities Co. Ltd. acquired a new position in Lincoln National during the fourth quarter valued at approximately $36,000. Aster Capital Management DIFC Ltd grew its stake in Lincoln National by 182.2% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,250 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 807 shares in the last quarter. Finally, Hillsdale Investment Management Inc. increased its position in shares of Lincoln National by 30.4% during the 4th quarter. Hillsdale Investment Management Inc. now owns 1,500 shares of the financial services provider's stock worth $48,000 after purchasing an additional 350 shares during the last quarter. Institutional investors own 72.81% of the company's stock.
Wall Street Analysts Forecast Growth
LNC has been the subject of several analyst reports. Barclays raised their target price on shares of Lincoln National from $36.00 to $38.00 and gave the company an "equal weight" rating in a research note on Friday, February 7th. Wells Fargo & Company decreased their target price on Lincoln National from $36.00 to $31.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. Evercore ISI raised their price target on Lincoln National from $41.00 to $44.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. Keefe, Bruyette & Woods dropped their price objective on shares of Lincoln National from $40.00 to $38.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 9th. Finally, UBS Group lifted their target price on shares of Lincoln National from $32.00 to $38.00 and gave the stock a "neutral" rating in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, Lincoln National presently has an average rating of "Hold" and a consensus target price of $35.91.
Get Our Latest Stock Analysis on LNC
Lincoln National Stock Up 3.4 %
Shares of LNC opened at $30.31 on Wednesday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $5.17 billion, a PE ratio of 1.65, a P/E/G ratio of 0.30 and a beta of 1.56. The firm's 50 day moving average is $34.84 and its 200-day moving average is $34.03. Lincoln National Co. has a 12 month low of $25.80 and a 12 month high of $39.85.
Lincoln National (NYSE:LNC - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.91 earnings per share 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%. Equities research analysts forecast that Lincoln National Co. will post 7.69 EPS for the current year.
Lincoln National Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.80 annualized dividend and a dividend yield of 5.94%. Lincoln National's dividend payout ratio (DPR) is presently 9.79%.
Lincoln National Company Profile
(
Free Report)
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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