Quantbot Technologies LP decreased its position in shares of Lincoln National Co. (NYSE:LNC - Free Report) by 33.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 199,950 shares of the financial services provider's stock after selling 99,676 shares during the quarter. Quantbot Technologies LP owned approximately 0.12% of Lincoln National worth $6,340,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its holdings in Lincoln National by 95.3% in the 3rd quarter. Larson Financial Group LLC now owns 1,086 shares of the financial services provider's stock worth $34,000 after buying an additional 530 shares during the period. SBI Securities Co. Ltd. bought a new stake in Lincoln National during the 4th quarter worth approximately $36,000. Crews Bank & Trust bought a new stake in Lincoln National during the 4th quarter worth approximately $51,000. Versant Capital Management Inc boosted its holdings in 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 valued at $67,000 after purchasing an additional 354 shares during the period. Finally, Westend Capital Management LLC grew its position in shares of Lincoln National by 121.7% during the 4th quarter. Westend Capital Management LLC now owns 2,323 shares of the financial services provider's stock valued at $74,000 after purchasing an additional 1,275 shares in the last quarter. Institutional investors own 72.81% of the company's stock.
Lincoln National Trading Down 0.7 %
Shares of NYSE:LNC traded down $0.28 during midday trading on Wednesday, hitting $37.41. 1,318,249 shares of the stock traded hands, compared to its average volume of 1,494,749. The business's 50 day moving average is $36.07 and its two-hundred day moving average is $33.85. The stock has a market capitalization of $6.38 billion, a PE ratio of 2.04, a P/E/G ratio of 0.30 and a beta of 1.76. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.80. Lincoln National Co. has a one year low of $25.80 and a one year high of $39.85.
Lincoln National (NYSE:LNC - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.91 earnings per share 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%. As a group, research analysts forecast that Lincoln National Co. will post 7.69 earnings per share for the current year.
Lincoln National Dividend Announcement
The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.80 annualized dividend and a yield of 4.81%. Lincoln National's dividend payout ratio (DPR) is presently 9.79%.
Analyst Upgrades and Downgrades
LNC has been the subject of several research analyst reports. Morgan Stanley lifted their price objective on Lincoln National from $39.00 to $42.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. Wells Fargo & Company upped their price objective 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 lifted their target price on shares of Lincoln National from $37.00 to $40.00 and gave the company a "market perform" rating in a research report on Wednesday, February 12th. TD Cowen increased their price target on shares of Lincoln National from $34.00 to $37.00 and gave the stock a "hold" rating in a report on Wednesday, November 27th. Finally, Evercore ISI upped their price objective on Lincoln National from $41.00 to $44.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Lincoln National currently has a consensus rating of "Hold" and an average price target of $37.40.
Check Out Our Latest Research Report on LNC
Lincoln National 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.
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