AXQ Capital LP Lowers Holdings in Lincoln National Co. (NYSE:LNC)

AXQ Capital LP cut its holdings in Lincoln National Co. (NYSE:LNC - Free Report) by 63.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,949 shares of the financial services provider's stock after selling 32,903 shares during the quarter. AXQ Capital LP's holdings in Lincoln National were worth $601,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of LNC. Forvis Mazars Wealth Advisors LLC increased its position in 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 valued at $355,000 after buying an additional 338 shares in the last quarter. Roman Butler Fullerton & Co. grew its stake in shares of Lincoln National by 5.5% in the fourth quarter. Roman Butler Fullerton & Co. now owns 6,610 shares of the financial services provider's stock worth $224,000 after acquiring an additional 343 shares during the last quarter. Hillsdale Investment Management Inc. increased its holdings 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 valued at $48,000 after acquiring an additional 350 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Lincoln National by 20.2% in the 4th quarter. Versant Capital Management Inc now owns 2,104 shares of the financial services provider's stock worth $67,000 after purchasing an additional 354 shares during the last quarter. Finally, Arizona State Retirement System grew its position in 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 valued at $1,566,000 after purchasing an additional 436 shares during the last quarter. Institutional investors own 72.81% of the company's stock.

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Lincoln National Stock Performance

NYSE LNC traded down $0.59 on Thursday, hitting $36.81. 1,444,656 shares of the company traded hands, compared to its average volume of 1,492,517. The business's 50 day moving average price is $36.16 and its 200-day moving average price is $33.87. Lincoln National Co. has a 52-week low of $25.80 and a 52-week high of $39.85. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $6.27 billion, a price-to-earnings ratio of 2.00, a P/E/G ratio of 0.30 and a beta of 1.76.

Lincoln National (NYSE:LNC - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.91 earnings per share (EPS) 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%. Equities analysts expect that Lincoln National Co. will post 7.69 earnings per share for the current year.

Lincoln National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date is Thursday, April 10th. Lincoln National's dividend payout ratio (DPR) is 9.79%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LNC shares. Evercore ISI upped their price objective on Lincoln National from $41.00 to $44.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. Keefe, Bruyette & Woods increased their price objective on Lincoln National from $37.00 to $40.00 and gave the company a "market perform" rating in a research report on Wednesday, February 12th. Barclays lifted their price objective on Lincoln National from $36.00 to $38.00 and gave the stock an "equal weight" rating in a report on Friday, February 7th. TD Cowen upped their target price on shares of Lincoln National from $34.00 to $37.00 and gave the company a "hold" rating in a research note on Wednesday, November 27th. Finally, Wells Fargo & Company lifted their price target on shares of Lincoln National from $28.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 19th. One 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. According to data from MarketBeat.com, the stock presently 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.