CHURCHILL MANAGEMENT Corp Increases Position in Lincoln National Co. (NYSE:LNC)

CHURCHILL MANAGEMENT Corp raised its holdings in Lincoln National Co. (NYSE:LNC - Free Report) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 286,286 shares of the financial services provider's stock after purchasing an additional 11,216 shares during the quarter. CHURCHILL MANAGEMENT Corp owned 0.17% of Lincoln National worth $9,078,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Massachusetts Financial Services Co. MA purchased a new stake in Lincoln National in the 2nd quarter worth approximately $142,148,000. International Assets Investment Management LLC lifted its stake in shares of Lincoln National by 3,488.2% in the 3rd quarter. International Assets Investment Management LLC now owns 966,379 shares of the financial services provider's stock valued at $30,669,000 after purchasing an additional 939,447 shares during the period. AQR Capital Management LLC boosted its holdings in Lincoln National by 49.5% during the second quarter. AQR Capital Management LLC now owns 2,150,863 shares of the financial services provider's stock worth $66,892,000 after buying an additional 711,951 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Lincoln National by 167.7% during the third quarter. Assenagon Asset Management S.A. now owns 600,212 shares of the financial services provider's stock valued at $18,913,000 after buying an additional 375,989 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Lincoln National by 14.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,828,513 shares of the financial services provider's stock valued at $87,970,000 after buying an additional 348,601 shares in the last quarter. Hedge funds and other institutional investors own 72.81% of the company's stock.

Insider Activity

In related news, EVP John Christopher Kennedy sold 2,863 shares of the business's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $36.00, for a total value of $103,068.00. Following the sale, the executive vice president now directly owns 99,644 shares in the company, valued at approximately $3,587,184. The trade was a 2.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LNC. Piper Sandler dropped their target price on Lincoln National from $37.00 to $34.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 2nd. Wells Fargo & Company dropped their price objective on Lincoln National from $29.00 to $28.00 and set an "equal weight" rating on the stock in a report on Tuesday. TD Cowen upped their target price on Lincoln National from $34.00 to $37.00 and gave the stock a "hold" rating in a research note on Wednesday, November 27th. StockNews.com upgraded Lincoln National from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th. Finally, Barclays reduced their price objective on shares of Lincoln National from $38.00 to $36.00 and set an "equal weight" rating for the company in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $33.40.

Lincoln National Trading Up 0.1 %

NYSE LNC traded up $0.02 on Thursday, reaching $32.66. 1,059,892 shares of the company were exchanged, compared to its average volume of 1,438,989. Lincoln National Co. has a fifty-two week low of $25.09 and a fifty-two week high of $36.98. The stock has a market capitalization of $5.56 billion, a P/E ratio of 23.33, a price-to-earnings-growth ratio of 0.23 and a beta of 1.78. The business's fifty day moving average price is $33.31 and its 200 day moving average price is $32.21. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.73.

Lincoln National (NYSE:LNC - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.42. Lincoln National had a net margin of 2.51% and a return on equity of 18.15%. The firm had revenue of $4.11 billion for the quarter, compared to analysts' expectations of $4.61 billion. During the same quarter in the previous year, the company posted $0.23 EPS. The company's revenue was down 2.2% compared to the same quarter last year. Analysts forecast that Lincoln National Co. will post 6.98 earnings per share for the current year.

Lincoln National Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.51%. Lincoln National's dividend payout ratio is currently 128.57%.

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.