O Shaughnessy Asset Management LLC cut its holdings in Lincoln National Co. (NYSE:LNC - Free Report) by 47.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,454 shares of the financial services provider's stock after selling 26,042 shares during the period. O Shaughnessy Asset Management LLC's holdings in Lincoln National were worth $902,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the business. M Holdings Securities Inc. purchased a new stake in shares of Lincoln National in the 4th quarter valued at about $29,000. SBI Securities Co. Ltd. purchased a new stake in Lincoln National in the fourth quarter valued at approximately $36,000. Hillsdale Investment Management Inc. boosted its holdings in shares of Lincoln National by 30.4% in 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 during the period. Crews Bank & Trust purchased a new position in shares of Lincoln National during the fourth quarter worth approximately $51,000. Finally, Versant Capital Management Inc increased its holdings 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 valued at $67,000 after acquiring an additional 354 shares during the period. 72.81% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the stock. UBS Group upped their target price on shares of Lincoln National from $32.00 to $38.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. Wells Fargo & Company reduced their price objective on Lincoln National from $36.00 to $31.00 and set an "equal weight" rating for the company in a research note on Thursday. Morgan Stanley lowered their target price on Lincoln National from $42.00 to $32.00 and set an "equal weight" rating on the stock in a research note on Thursday. Keefe, Bruyette & Woods cut their price target on Lincoln National from $40.00 to $38.00 and set a "market perform" rating for the company in a research note on Wednesday. Finally, Evercore ISI lifted their price objective on shares of Lincoln National from $41.00 to $44.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Lincoln National presently has a consensus rating of "Hold" and a consensus target price of $35.91.
View Our Latest Stock Report on LNC
Lincoln National Price Performance
Shares of NYSE:LNC traded down $0.26 during trading on Friday, hitting $29.52. 3,064,674 shares of the stock were exchanged, compared to its average volume of 1,610,545. The company has a market cap of $5.03 billion, a PE ratio of 1.61, a P/E/G 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 has a fifty day moving average price of $35.85 and a two-hundred day moving average price of $34.08. Lincoln National Co. has a 12-month low of $25.80 and a 12-month high of $39.85.
Lincoln National (NYSE:LNC - Get Free Report) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.91 EPS 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%. On average, analysts forecast that Lincoln National Co. will post 7.69 EPS for the current year.
Lincoln National Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 6.10%. The ex-dividend date of this dividend is Thursday, April 10th. Lincoln National's payout ratio is currently 9.79%.
Lincoln National Company Profile
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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.
Further Reading
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