Holocene Advisors LP Purchases 77,143 Shares of Lincoln National Co. (NYSE:LNC)

Holocene Advisors LP raised its position in shares of Lincoln National Co. (NYSE:LNC - Free Report) by 127.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 137,689 shares of the financial services provider's stock after purchasing an additional 77,143 shares during the quarter. Holocene Advisors LP owned approximately 0.08% of Lincoln National worth $4,339,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ellis Investment Partners LLC acquired a new stake in Lincoln National during the 2nd quarter valued at approximately $1,095,000. The Manufacturers Life Insurance Company lifted its stake in shares of Lincoln National by 2.9% in the second 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 purchased a new stake in shares of Lincoln National in the second quarter valued at about $673,000. Mackenzie Financial Corp purchased a new stake in shares of Lincoln National in the second quarter valued at about $1,548,000. Finally, Quantbot Technologies LP raised its holdings in shares of Lincoln National by 46.4% in the second quarter. Quantbot Technologies LP now owns 198,557 shares of the financial services provider's stock valued at $6,175,000 after purchasing an additional 62,929 shares during the last quarter. Institutional investors and hedge funds own 72.81% of the company's stock.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

LNC has been the subject of several analyst reports. Piper Sandler lowered their target price on shares of Lincoln National from $37.00 to $34.00 and set a "neutral" rating for the company in a report on Wednesday, October 2nd. Morgan Stanley reduced their target price on shares of Lincoln National from $30.00 to $29.00 and set an "equal weight" rating for the company in a research note on Monday, August 19th. TD Cowen lifted their target price on shares of Lincoln National from $34.00 to $37.00 and gave the stock a "hold" rating in a research note on Wednesday, November 27th. Barclays lifted 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 note on Tuesday, October 8th. Finally, StockNews.com upgraded shares of Lincoln National from a "sell" rating to a "hold" rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $33.25.

Lincoln National Trading Down 0.2 %

Shares of LNC traded down $0.07 during mid-day trading on Thursday, reaching $34.85. The company's stock had a trading volume of 875,968 shares, compared to its average volume of 1,610,267. The stock has a market cap of $5.94 billion, a PE ratio of 24.94, a P/E/G ratio of 0.31 and a beta of 1.77. 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 Co. has a 52 week low of $23.78 and a 52 week high of $36.98. The company's fifty day moving average price is $33.61 and its two-hundred day moving average price is $32.17.

Lincoln National (NYSE:LNC - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $2.06 earnings per share for the quarter, topping analysts' consensus estimates of $1.64 by $0.42. The firm had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.61 billion. Lincoln National had a net margin of 2.51% and a return on equity of 18.15%. The business's quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.23 EPS. On average, analysts predict that Lincoln National Co. will post 6.62 earnings per share for the current fiscal year.

Lincoln National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 5.16%. The ex-dividend date of this dividend is Friday, January 10th. Lincoln National's payout ratio is 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.