LSV Asset Management Reduces Position in Lincoln National Co. (NYSE:LNC)

LSV Asset Management decreased its position in Lincoln National Co. (NYSE:LNC - Free Report) by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,450,396 shares of the financial services provider's stock after selling 120,372 shares during the period. LSV Asset Management owned about 1.44% of Lincoln National worth $77,702,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LNC. M Holdings Securities Inc. purchased a new stake in Lincoln National during the 4th quarter worth $29,000. Headlands Technologies LLC acquired a new stake in Lincoln National in the fourth quarter worth approximately $35,000. SBI Securities Co. Ltd. bought a new stake in shares of Lincoln National in the 4th quarter worth approximately $36,000. Aster Capital Management DIFC Ltd boosted its position in shares of Lincoln National by 182.2% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,250 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 807 shares during the period. Finally, Hillsdale Investment Management Inc. grew 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 buying an additional 350 shares in the last quarter. Institutional investors and hedge funds own 72.81% of the company's stock.

Lincoln National Stock Up 1.5 %

LNC traded up $0.44 during trading on Wednesday, hitting $30.68. 882,538 shares of the company's stock traded hands, compared to its average volume of 1,615,874. The stock has a market capitalization of $5.23 billion, a price-to-earnings ratio of 1.67, a PEG ratio of 0.30 and a beta of 1.56. 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's 50 day simple moving average is $35.67 and its two-hundred day simple moving average is $34.07. Lincoln National Co. has a 12-month low of $25.80 and a 12-month high of $39.85.

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Lincoln National (NYSE:LNC - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.91 earnings per share for the quarter, topping 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%. Analysts predict that Lincoln National Co. will post 7.69 earnings per share for the current fiscal 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 given a $0.45 dividend. The ex-dividend date is Thursday, April 10th. This represents a $1.80 annualized dividend and a yield of 5.87%. Lincoln National's dividend payout ratio (DPR) is 9.79%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on LNC shares. UBS Group upped their price objective on shares of Lincoln National from $32.00 to $38.00 and gave the stock a "neutral" rating in a report on Wednesday, April 2nd. Morgan Stanley dropped their target price on shares of Lincoln National from $42.00 to $32.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Wells Fargo & Company reduced their price objective on shares of Lincoln National from $36.00 to $31.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. Evercore ISI increased their target price on shares of Lincoln National from $41.00 to $44.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Lincoln National from $40.00 to $38.00 and set a "market perform" rating for the company in a report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $35.91.

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.