Legal & General Group Plc Has $16.51 Million Stock Position in Lincoln National Co. (NYSE:LNC)

Legal & General Group Plc cut its holdings in Lincoln National Co. (NYSE:LNC - Free Report) by 8.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 520,522 shares of the financial services provider's stock after selling 48,890 shares during the quarter. Legal & General Group Plc owned approximately 0.31% of Lincoln National worth $16,506,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in LNC. HighPoint Advisor Group LLC raised its stake in shares of Lincoln National by 3.2% during the fourth quarter. HighPoint Advisor Group LLC now owns 8,460 shares of the financial services provider's stock worth $268,000 after buying an additional 262 shares during the last quarter. Forvis Mazars Wealth Advisors LLC grew its holdings 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 worth $355,000 after acquiring an additional 338 shares during the period. Roman Butler Fullerton & Co. raised 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 valued at $224,000 after acquiring an additional 343 shares during the last quarter. Hillsdale Investment Management Inc. lifted its stake in shares of 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 during the period. Finally, Versant Capital Management Inc boosted 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. 72.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on LNC shares. UBS Group lifted their price objective 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. Wells Fargo & Company decreased their price target on shares of Lincoln National from $36.00 to $31.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. Morgan Stanley lowered their price objective on shares of Lincoln National from $42.00 to $32.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Evercore ISI lifted their target price on Lincoln National from $41.00 to $44.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. Finally, Barclays raised their price target on Lincoln National from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $35.91.

Lincoln National Stock Up 0.7 %

Shares of LNC stock traded up $0.22 during trading on Friday, reaching $30.25. The company's stock had a trading volume of 1,555,903 shares, compared to its average volume of 1,619,444. Lincoln National Co. has a one year low of $25.80 and a one year high of $39.85. The business has a fifty day moving average price of $35.21 and a 200-day moving average price of $34.03. The company has a market cap of $5.16 billion, a price-to-earnings ratio of 1.65, a price-to-earnings-growth ratio of 0.30 and a beta of 1.56. 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 (NYSE:LNC - Get Free Report) last issued 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 net margin of 17.76% and a return on equity of 18.47%. Analysts anticipate that Lincoln National Co. will post 7.69 earnings per share for the current year.

Lincoln National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.80 dividend on an annualized basis and a yield of 5.95%. Lincoln National's dividend payout ratio is 9.79%.

About Lincoln National

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.