Truist Financial Corp Reduces Holdings in Lincoln National Co. (NYSE:LNC)

Truist Financial Corp lessened its position in Lincoln National Co. (NYSE:LNC - Free Report) by 5.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 175,656 shares of the financial services provider's stock after selling 10,402 shares during the period. Truist Financial Corp owned 0.10% of Lincoln National worth $5,570,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Roman Butler Fullerton & Co. lifted its stake in shares of Lincoln National by 5.5% in the 4th quarter. Roman Butler Fullerton & Co. now owns 6,610 shares of the financial services provider's stock valued at $224,000 after purchasing an additional 343 shares during the period. Versant Capital Management Inc increased its stake in 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 valued at $67,000 after purchasing an additional 354 shares in the last quarter. Quarry LP raised its holdings in Lincoln National by 23.2% in the third quarter. Quarry LP now owns 2,793 shares of the financial services provider's stock worth $88,000 after buying an additional 526 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of Lincoln National by 95.3% in the third 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 in the last quarter. Finally, Eads & Heald Wealth Management increased its position in shares of Lincoln National by 7.8% during the third quarter. Eads & Heald Wealth Management now owns 7,490 shares of the financial services provider's stock valued at $236,000 after acquiring an additional 545 shares in the last quarter. 72.81% of the stock is currently owned by hedge funds and other institutional investors.

Lincoln National Stock Performance

NYSE:LNC traded up $0.41 during mid-day trading on Wednesday, reaching $37.74. 340,476 shares of the stock were exchanged, compared to its average volume of 1,587,198. The company has a 50 day simple moving average of $34.07 and a 200-day simple moving average of $33.10. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $6.43 billion, a P/E ratio of 2.05, a P/E/G ratio of 0.30 and a beta of 1.79. Lincoln National Co. has a 1 year low of $25.60 and a 1 year high of $39.85.

Lincoln National (NYSE:LNC - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.91 EPS for the quarter, beating analysts' consensus estimates 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 fiscal year.

Lincoln National Dividend Announcement

The business 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 $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 4.77%. The ex-dividend date is Thursday, April 10th. Lincoln National's payout ratio is currently 9.79%.

Analyst Ratings Changes

LNC has been the topic of a number of research analyst reports. Barclays upped their price target on Lincoln National from $36.00 to $38.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. StockNews.com raised shares of Lincoln National from a "sell" rating to a "hold" rating in a report on Thursday, November 7th. Evercore ISI boosted their price objective on shares of Lincoln National from $41.00 to $44.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. Wells Fargo & Company increased their price target on Lincoln National from $28.00 to $36.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. Finally, Keefe, Bruyette & Woods lifted 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. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $37.10.

Lincoln National 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.