Quantbot Technologies LP Grows Stock Position in Lincoln National Co. (NYSE:LNC)

Quantbot Technologies LP boosted its holdings in Lincoln National Co. (NYSE:LNC - Free Report) by 50.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 299,626 shares of the financial services provider's stock after purchasing an additional 101,069 shares during the quarter. Quantbot Technologies LP owned about 0.18% of Lincoln National worth $9,441,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. lifted its position in shares of Lincoln National by 106.7% during the 2nd quarter. Whittier Trust Co. now owns 835 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 431 shares during the period. Adirondack Trust Co. acquired a new stake in shares of Lincoln National in the 2nd quarter valued at about $31,000. Blue Trust Inc. increased its position in Lincoln National by 535.5% in the 3rd quarter. Blue Trust Inc. now owns 1,074 shares of the financial services provider's stock valued at $33,000 after buying an additional 905 shares in the last quarter. Larson Financial Group LLC raised its stake in Lincoln National by 95.3% during 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. Finally, Eastern Bank bought a new position in Lincoln National in the third quarter worth approximately $40,000. 72.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LNC has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price target on shares of Lincoln National from $28.00 to $29.00 and gave the company an "equal weight" rating in a research note on Thursday, October 10th. Morgan Stanley dropped their price target on shares of Lincoln National from $30.00 to $29.00 and set an "equal weight" rating on the stock in a research report on Monday, August 19th. TD Cowen initiated coverage on Lincoln National in a report on Wednesday, October 9th. They set a "hold" rating and a $34.00 price objective for the company. Piper Sandler dropped their target price on Lincoln National from $37.00 to $34.00 and set a "neutral" rating on the stock in a report on Wednesday, October 2nd. Finally, Barclays upped their price target on Lincoln National from $35.00 to $36.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $33.00.

Lincoln National Stock Performance

LNC stock traded down $0.35 during midday trading on Tuesday, reaching $35.36. 713,338 shares of the company's stock traded hands, compared to its average volume of 1,628,057. The firm has a market capitalization of $6.02 billion, a PE ratio of 25.26, a price-to-earnings-growth ratio of 0.32 and a beta of 1.79. The company has a 50-day moving average price of $33.04 and a two-hundred day moving average price of $31.91. Lincoln National Co. has a 52 week low of $23.40 and a 52 week high of $36.98. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.27 and a current ratio of 0.27.

Lincoln National (NYSE:LNC - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The financial services provider reported $2.06 EPS for the quarter, beating analysts' consensus estimates of $1.64 by $0.42. The firm had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.61 billion. Lincoln National had a net margin of 2.51% and a return on equity of 18.15%. The business's revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.23 EPS. As a group, equities analysts anticipate that Lincoln National Co. will post 6.53 EPS for the current year.

Lincoln National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, January 10th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.09%. Lincoln National's dividend payout ratio (DPR) is presently 128.57%.

Insider Transactions at Lincoln National

In related news, EVP John Christopher Kennedy sold 2,863 shares of the firm's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $36.00, for a total transaction of $103,068.00. Following the transaction, the executive vice president now directly owns 99,644 shares of the company's stock, valued at approximately $3,587,184. This trade represents a 2.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.54% of the stock is owned by insiders.

Lincoln National Company 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.