Algebris UK Ltd Has $21.40 Million Stock Holdings in Lincoln National Co. (NYSE:LNC)

Algebris UK Ltd decreased its holdings in Lincoln National Co. (NYSE:LNC - Free Report) by 15.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 698,792 shares of the financial services provider's stock after selling 123,670 shares during the quarter. Lincoln National accounts for approximately 5.4% of Algebris UK Ltd's investment portfolio, making the stock its 7th biggest holding. Algebris UK Ltd owned 0.41% of Lincoln National worth $21,401,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in LNC. Forvis Mazars Wealth Advisors LLC lifted its position in shares of Lincoln National by 3.1% during the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 11,199 shares of the financial services provider's stock worth $355,000 after buying an additional 338 shares in the last quarter. Roman Butler Fullerton & Co. lifted its position in shares of Lincoln National by 5.5% during the 4th quarter. Roman Butler Fullerton & Co. now owns 6,610 shares of the financial services provider's stock worth $224,000 after buying an additional 343 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Lincoln National by 20.2% during the 4th 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. Arizona State Retirement System lifted its position in shares of Lincoln National by 0.9% during the 4th quarter. Arizona State Retirement System now owns 49,394 shares of the financial services provider's stock worth $1,566,000 after buying an additional 436 shares in the last quarter. Finally, Quarry LP lifted its position in shares of Lincoln National by 23.2% during the 3rd quarter. Quarry LP now owns 2,793 shares of the financial services provider's stock worth $88,000 after buying an additional 526 shares in the last quarter. Institutional investors own 72.81% of the company's stock.

Remove Ads

Lincoln National Stock Performance

Lincoln National stock traded down $0.55 during mid-day trading on Friday, reaching $36.13. The company's stock had a trading volume of 10,519,168 shares, compared to its average volume of 1,492,784. Lincoln National Co. has a 12-month low of $25.80 and a 12-month high of $39.85. The company has a market capitalization of $6.16 billion, a P/E ratio of 1.97, a PEG ratio of 0.30 and a beta of 1.76. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.27 and a current ratio of 0.27. The firm's fifty day moving average price is $35.81 and its two-hundred day moving average price is $33.75.

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

Lincoln National Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.98%. The ex-dividend date is Thursday, April 10th. Lincoln National's payout ratio is 9.79%.

Analyst Upgrades and Downgrades

Several research firms have commented on LNC. Wells Fargo & Company lifted their target price on shares of Lincoln National from $28.00 to $36.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 19th. Keefe, Bruyette & Woods raised their price target on shares of Lincoln National from $37.00 to $40.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 12th. Barclays raised their price target on shares of Lincoln National from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Friday, February 7th. Evercore ISI raised their price target on shares of Lincoln National from $41.00 to $44.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 19th. Finally, TD Cowen raised their price target 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. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $37.40.

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.