Hsbc Holdings PLC Sells 43,115 Shares of Lincoln National Co. (NYSE:LNC)

Hsbc Holdings PLC lowered its position in shares of Lincoln National Co. (NYSE:LNC - Free Report) by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,229,945 shares of the financial services provider's stock after selling 43,115 shares during the quarter. Hsbc Holdings PLC owned approximately 1.31% of Lincoln National worth $70,600,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in LNC. M Holdings Securities Inc. bought a new position in Lincoln National in the 4th quarter worth approximately $29,000. Headlands Technologies LLC acquired a new stake in Lincoln National in the fourth quarter worth $35,000. SBI Securities Co. Ltd. bought a new position in Lincoln National during the fourth quarter worth about $36,000. Aster Capital Management DIFC Ltd grew its position in shares of Lincoln National by 182.2% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,250 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 807 shares during the period. Finally, Hillsdale Investment Management Inc. increased its position in shares of Lincoln National by 30.4% during the fourth quarter. Hillsdale Investment Management Inc. now owns 1,500 shares of the financial services provider's stock worth $48,000 after acquiring an additional 350 shares in the last quarter. 72.81% of the stock is owned by institutional investors.

Lincoln National Stock Performance

NYSE:LNC traded up $0.48 on Tuesday, hitting $32.53. The company's stock had a trading volume of 1,044,483 shares, compared to its average volume of 1,621,778. Lincoln National Co. has a one year low of $25.80 and a one year high of $39.85. The firm has a market capitalization of $5.55 billion, a P/E ratio of 1.77, a price-to-earnings-growth ratio of 0.30 and a beta of 1.56. The stock has a fifty day moving average of $34.25 and a two-hundred day moving average of $34.05. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.80.

Lincoln National (NYSE:LNC - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.91 earnings per share for the quarter, beating analysts' consensus estimates of $1.87 by $0.04. Lincoln National had a return on equity of 18.47% and a net margin of 17.76%. Research analysts predict that Lincoln National Co. will post 7.69 earnings per share for the current year.

Lincoln National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.80 dividend on an annualized basis and a yield of 5.53%. Lincoln National's dividend payout ratio (DPR) is currently 9.79%.

Analyst Ratings Changes

LNC has been the topic of several research reports. Keefe, Bruyette & Woods cut their target price on Lincoln National from $40.00 to $38.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 9th. Evercore ISI increased their target price on shares of Lincoln National from $41.00 to $44.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. Wells Fargo & Company lowered their price target on shares of Lincoln National from $36.00 to $31.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. Morgan Stanley reduced their price objective on shares of Lincoln National from $42.00 to $32.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Finally, UBS Group raised their price objective on Lincoln National from $32.00 to $38.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $35.91.

Lincoln National Company 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.