California Public Employees Retirement System reduced its holdings in shares of Lincoln National Co. (NYSE:LNC - Free Report) by 12.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 266,051 shares of the financial services provider's stock after selling 37,201 shares during the period. California Public Employees Retirement System owned about 0.16% of Lincoln National worth $8,436,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. M Holdings Securities Inc. purchased a new stake in shares of Lincoln National during the fourth quarter worth $29,000. SBI Securities Co. Ltd. purchased a new stake in Lincoln National during the 4th quarter worth about $36,000. Hillsdale Investment Management Inc. raised its position in Lincoln National by 30.4% in the 4th quarter. Hillsdale Investment Management Inc. now owns 1,500 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 350 shares in the last quarter. Crews Bank & Trust purchased a new position in shares of Lincoln National in the 4th quarter valued at about $51,000. Finally, Versant Capital Management Inc grew its position in shares of Lincoln National by 20.2% during the fourth quarter. Versant Capital Management Inc now owns 2,104 shares of the financial services provider's stock worth $67,000 after buying an additional 354 shares in the last quarter. Hedge funds and other institutional investors own 72.81% of the company's stock.
Lincoln National Stock Performance
Shares of LNC traded down $0.26 during midday trading on Friday, reaching $29.52. 3,064,674 shares of the stock were exchanged, compared to its average volume of 1,610,545. Lincoln National Co. has a twelve month low of $25.80 and a twelve month high of $39.85. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of 1.61, a PEG ratio of 0.30 and a beta of 1.56. The business's 50-day moving average price is $35.85 and its 200 day moving average price is $34.08.
Lincoln National (NYSE:LNC - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.91 EPS for the quarter, topping the consensus estimate of $1.87 by $0.04. Lincoln National had a return on equity of 18.47% and a net margin of 17.76%. On average, sell-side analysts expect that Lincoln National Co. will post 7.69 EPS for the current fiscal year.
Lincoln National Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a $0.45 dividend. The ex-dividend date is Thursday, April 10th. This represents a $1.80 annualized dividend and a yield of 6.10%. Lincoln National's dividend payout ratio (DPR) is 9.79%.
Wall Street Analysts Forecast Growth
LNC has been the subject of a number of recent research reports. UBS Group lifted their price target on shares of Lincoln National from $32.00 to $38.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 2nd. Barclays raised their price objective on shares of Lincoln National from $36.00 to $38.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. Wells Fargo & Company lowered their target price on shares of Lincoln National from $36.00 to $31.00 and set an "equal weight" rating for the company in a research note on Thursday. Keefe, Bruyette & Woods cut their price target on Lincoln National from $40.00 to $38.00 and set a "market perform" rating on the stock in a research note on Wednesday. Finally, Morgan Stanley lowered their price objective on Lincoln National from $42.00 to $32.00 and set an "equal weight" rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $35.91.
Read Our Latest Research Report on LNC
Lincoln National Company Profile
(
Free Report)
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.
See Also
Before you consider Lincoln National, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lincoln National wasn't on the list.
While Lincoln National currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
