Everence Capital Management Inc. Has $203,000 Stake in Lincoln National Co. (NYSE:LNC)

Everence Capital Management Inc. trimmed its holdings in shares of Lincoln National Co. (NYSE:LNC - Free Report) by 76.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,410 shares of the financial services provider's stock after selling 20,380 shares during the period. Everence Capital Management Inc.'s holdings in Lincoln National were worth $203,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in LNC. Massachusetts Financial Services Co. MA purchased a new stake in Lincoln National during the second quarter valued at about $142,148,000. International Assets Investment Management LLC lifted its position 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 acquiring an additional 939,447 shares in the last quarter. AQR Capital Management LLC boosted its stake in Lincoln National by 49.5% in the 2nd quarter. AQR Capital Management LLC now owns 2,150,863 shares of the financial services provider's stock worth $66,892,000 after purchasing an additional 711,951 shares during the period. Assenagon Asset Management S.A. grew its position in Lincoln National by 167.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 600,212 shares of the financial services provider's stock worth $18,913,000 after purchasing an additional 375,989 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Lincoln National by 14.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,828,513 shares of the financial services provider's stock valued at $87,970,000 after purchasing an additional 348,601 shares during the period. Institutional investors and hedge funds own 72.81% of the company's stock.

Insider Transactions at Lincoln National

In other Lincoln National news, EVP John Christopher Kennedy sold 2,863 shares of Lincoln National stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $36.00, for a total value of $103,068.00. Following the transaction, the executive vice president now directly owns 99,644 shares of the company's stock, valued at $3,587,184. The trade was a 2.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.54% of the stock is owned by corporate insiders.

Analyst Ratings Changes

LNC has been the subject of several recent analyst reports. Barclays decreased their target price on Lincoln National from $38.00 to $36.00 and set an "equal weight" rating for the company in a research report on Monday. TD Cowen lifted their target price on Lincoln National from $34.00 to $37.00 and gave the company a "hold" rating in a research note on Wednesday, November 27th. StockNews.com raised shares of Lincoln National from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th. Wells Fargo & Company boosted their price objective on shares of Lincoln National from $28.00 to $29.00 and gave the company an "equal weight" rating in a research report on Thursday, October 10th. Finally, Piper Sandler cut their target price on shares of Lincoln National from $37.00 to $34.00 and set a "neutral" rating for the company in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Lincoln National presently has a consensus rating of "Hold" and an average price target of $33.25.

Lincoln National Stock Down 1.2 %

NYSE:LNC traded down $0.38 during trading hours on Thursday, reaching $31.40. The company's stock had a trading volume of 1,349,368 shares, compared to its average volume of 1,535,692. 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 company has a market cap of $5.35 billion, a price-to-earnings ratio of 22.43, a price-to-earnings-growth ratio of 0.29 and a beta of 1.78. Lincoln National Co. has a one year low of $25.09 and a one year high of $36.98. The business's 50-day moving average is $33.53 and its 200-day moving average is $32.22.

Lincoln National (NYSE:LNC - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The financial services provider reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.42. Lincoln National had a return on equity of 18.15% and a net margin of 2.51%. The company had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.61 billion. During the same quarter in the prior year, the company posted $0.23 EPS. The firm's revenue was down 2.2% on a year-over-year basis. Equities research analysts predict that Lincoln National Co. will post 7.03 EPS 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 given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.73%. The ex-dividend date of this dividend is Friday, January 10th. Lincoln National's dividend payout ratio is 128.57%.

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.