Congress Wealth Management LLC DE Decreases Stock Holdings in Lincoln National Co. (NYSE:LNC)

Congress Wealth Management LLC DE reduced its position in shares of Lincoln National Co. (NYSE:LNC - Free Report) by 50.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 about 0.06% of Lincoln National worth $3,197,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. LPL Financial LLC increased its holdings in Lincoln National by 190.9% during the fourth quarter. LPL Financial LLC now owns 741,330 shares of the financial services provider's stock valued at $23,508,000 after buying an additional 486,478 shares during the period. M Holdings Securities Inc. bought a new stake in Lincoln National during the 4th quarter valued at $29,000. Fox Run Management L.L.C. purchased a new position in shares of Lincoln National in the 4th quarter valued at $915,000. KLP Kapitalforvaltning AS purchased a new position in Lincoln National during the 4th quarter worth $1,119,000. Finally, Hillsdale Investment Management Inc. increased its position in 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 valued at $48,000 after buying an additional 350 shares in the last quarter. 72.81% of the stock is owned by institutional investors.

Lincoln National Stock Performance

Lincoln National stock traded up $0.25 during midday trading on Monday, hitting $35.93. 1,928,830 shares of the company were exchanged, compared to its average volume of 1,551,068. The business has a fifty day simple moving average of $36.35 and a two-hundred day simple moving average of $34.06. 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 firm has a market capitalization of $6.12 billion, a PE ratio of 1.96, a price-to-earnings-growth ratio of 0.30 and a beta of 1.76. Lincoln National Co. has a fifty-two week low of $25.80 and a fifty-two week high of $39.85.

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Lincoln National (NYSE:LNC - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.91 EPS 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%. On average, sell-side analysts forecast that Lincoln National Co. will post 7.69 earnings per share for the current year.

Lincoln National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 5.01%. The ex-dividend date of this dividend is Thursday, April 10th. Lincoln National's payout ratio is currently 9.79%.

Analyst Ratings Changes

Several brokerages have weighed in on LNC. Evercore ISI raised their price target on Lincoln National from $41.00 to $44.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. Morgan Stanley upped their price target on shares of Lincoln National from $39.00 to $42.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. Wells Fargo & Company raised their price target on shares of Lincoln National from $28.00 to $36.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 19th. Barclays upped their target price on Lincoln National from $36.00 to $38.00 and gave the company an "equal weight" rating in a research report on Friday, February 7th. Finally, Keefe, Bruyette & Woods boosted their price target on Lincoln National from $37.00 to $40.00 and gave the company a "market perform" rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target 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.