Dynamic Technology Lab Private Ltd Lowers Stake in Lincoln National Co. (NYSE:LNC)

Dynamic Technology Lab Private Ltd lessened its holdings in shares of Lincoln National Co. (NYSE:LNC - Free Report) by 54.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,208 shares of the financial services provider's stock after selling 20,583 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Lincoln National were worth $542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of LNC. Ellis Investment Partners LLC bought a new stake in Lincoln National during the 2nd quarter worth approximately $1,095,000. The Manufacturers Life Insurance Company lifted its stake in shares of Lincoln National by 2.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,271 shares of the financial services provider's stock valued at $1,252,000 after buying an additional 1,121 shares in the last quarter. SG Americas Securities LLC bought a new position in Lincoln National in the 2nd quarter worth $673,000. Mackenzie Financial Corp purchased a new stake in Lincoln National in the 2nd quarter worth $1,548,000. Finally, Quantbot Technologies LP raised its holdings in Lincoln National by 46.4% during the second quarter. Quantbot Technologies LP now owns 198,557 shares of the financial services provider's stock valued at $6,175,000 after acquiring an additional 62,929 shares during the period. Institutional investors own 72.81% of the company's stock.

Lincoln National Trading Up 0.3 %

Shares of LNC traded up $0.09 during midday trading on Friday, hitting $35.54. The stock had a trading volume of 455,149 shares, compared to its average volume of 1,621,417. Lincoln National Co. has a 1 year low of $23.40 and a 1 year high of $36.98. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.27 and a quick ratio of 0.27. The stock's 50 day moving average is $33.39 and its 200 day moving average is $32.05. The firm has a market cap of $6.05 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 0.32 and a beta of 1.79.

Lincoln National (NYSE:LNC - Get Free Report) last released its earnings results on Thursday, October 31st. The financial services provider reported $2.06 EPS for the quarter, beating analysts' consensus estimates of $1.64 by $0.42. Lincoln National had a return on equity of 18.15% and a net margin of 2.51%. 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 prior year, the firm posted $0.23 earnings per share. The company's quarterly revenue was down 2.2% on a year-over-year basis. As a group, analysts forecast that Lincoln National Co. will post 6.53 EPS for the current fiscal year.

Lincoln National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, January 10th. This represents a $1.80 dividend on an annualized basis and a yield of 5.06%. Lincoln National's payout ratio is 128.57%.

Insider Buying and Selling at Lincoln National

In other news, EVP John Christopher Kennedy sold 2,863 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $36.00, for a total transaction of $103,068.00. Following the transaction, the executive vice president now owns 99,644 shares of the company's stock, valued at approximately $3,587,184. This represents a 2.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

LNC has been the subject of a number of recent analyst reports. TD Cowen upped their price objective on Lincoln National from $34.00 to $37.00 and gave the stock a "hold" rating in a research note on Wednesday. Wells Fargo & Company upped their price target on Lincoln National from $28.00 to $29.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 10th. StockNews.com upgraded shares of Lincoln National from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th. Barclays upped their target price on shares of Lincoln National from $35.00 to $36.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 8th. Finally, Morgan Stanley reduced their price target on shares of Lincoln National from $30.00 to $29.00 and set an "equal weight" rating on the stock in a report on Monday, August 19th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $33.25.

About Lincoln National

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.