Lincoln National Co. (NYSE:LNC) Stock Position Cut by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its holdings in Lincoln National Co. (NYSE:LNC - Free Report) by 14.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 151,313 shares of the financial services provider's stock after selling 25,199 shares during the quarter. Janney Montgomery Scott LLC owned about 0.09% of Lincoln National worth $4,798,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Blue Trust Inc. raised its position in Lincoln National by 535.5% in the 3rd quarter. Blue Trust Inc. now owns 1,074 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 905 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of Lincoln National by 95.3% in the third quarter. Larson Financial Group LLC now owns 1,086 shares of the financial services provider's stock valued at $34,000 after buying an additional 530 shares during the last quarter. Eastern Bank acquired a new stake in shares of Lincoln National during the third quarter worth about $40,000. Meeder Asset Management Inc. purchased a new position in shares of Lincoln National during the third quarter worth about $48,000. Finally, Venturi Wealth Management LLC increased its position in Lincoln National by 459.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,083 shares of the financial services provider's stock valued at $66,000 after acquiring an additional 1,711 shares during the period. Hedge funds and other institutional investors own 72.81% of the company's stock.

Lincoln National Stock Up 0.1 %

Shares of LNC stock traded up $0.04 during trading hours on Thursday, reaching $35.36. The company had a trading volume of 1,544,216 shares, compared to its average volume of 1,395,748. The company has a market capitalization of $6.02 billion, a P/E ratio of 25.25, a price-to-earnings-growth ratio of 0.26 and a beta of 1.78. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.27 and a current ratio of 0.27. Lincoln National Co. has a twelve month low of $25.09 and a twelve month high of $36.98. The stock's fifty day simple moving average is $33.00 and its 200 day simple moving average is $32.36.

Lincoln National (NYSE:LNC - Get Free Report) last posted its earnings results on Thursday, October 31st. The financial services provider reported $2.06 EPS for the quarter, topping analysts' consensus estimates of $1.64 by $0.42. The business had revenue of $4.11 billion for the quarter, compared to analysts' expectations of $4.61 billion. Lincoln National had a net margin of 2.51% and a return on equity of 18.15%. The business's revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.23 earnings per share. As a group, sell-side analysts expect that Lincoln National Co. will post 6.97 earnings per share for the current fiscal year.

Lincoln National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders 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 5.09%. The ex-dividend date is Friday, January 10th. Lincoln National's payout ratio is 128.57%.

Insider Activity

In related news, EVP John Christopher Kennedy sold 2,863 shares of the firm's 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 directly owns 99,644 shares in the company, valued at $3,587,184. This trade represents a 2.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

LNC has been the topic of several analyst reports. Wells Fargo & Company lowered their target price on shares of Lincoln National from $29.00 to $28.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 14th. Piper Sandler dropped their target price on Lincoln National from $37.00 to $34.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 2nd. StockNews.com raised Lincoln National from a "sell" rating to a "hold" rating in a research note on Thursday, November 7th. TD Cowen upped their price objective on Lincoln National from $34.00 to $37.00 and gave the stock a "hold" rating in a report on Wednesday, November 27th. Finally, Barclays reduced their target price on Lincoln National from $38.00 to $36.00 and set an "equal weight" rating for the company in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $33.40.

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.