Lincoln National Co. (NYSE:LNC) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN trimmed its stake in shares of Lincoln National Co. (NYSE:LNC - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 983,031 shares of the financial services provider's stock after selling 27,080 shares during the period. Wells Fargo & Company MN owned about 0.58% of Lincoln National worth $31,172,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Unison Advisors LLC grew its stake in shares of Lincoln National by 1.4% during the 4th quarter. Unison Advisors LLC now owns 64,193 shares of the financial services provider's stock worth $2,036,000 after purchasing an additional 865 shares during the period. Allen Wealth Management LLC grew its position in Lincoln National by 8.6% during the fourth quarter. Allen Wealth Management LLC now owns 56,693 shares of the financial services provider's stock valued at $1,798,000 after buying an additional 4,494 shares during the period. OneAscent Financial Services LLC purchased a new position in Lincoln National in the fourth quarter valued at $204,000. Headlands Technologies LLC acquired a new position in shares of Lincoln National in the fourth quarter worth about $35,000. Finally, National Bank of Canada FI boosted its stake in shares of Lincoln National by 20,127.5% during the 4th quarter. National Bank of Canada FI now owns 316,965 shares of the financial services provider's stock worth $10,051,000 after acquiring an additional 315,398 shares in the last quarter. 72.81% of the stock is currently owned by hedge funds and other institutional investors.

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Lincoln National Price Performance

Shares of NYSE:LNC traded up $0.47 during midday trading on Wednesday, hitting $30.71. The company's stock had a trading volume of 558,683 shares, compared to its average volume of 2,018,638. Lincoln National Co. has a 12-month low of $25.80 and a 12-month high of $39.85. The company has a market cap of $5.23 billion, a P/E ratio of 1.67, a price-to-earnings-growth ratio of 0.30 and a beta of 1.56. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.27 and a current ratio of 0.27. The business's 50 day simple moving average is $35.67 and its 200 day simple moving average is $34.07.

Lincoln National (NYSE:LNC - Get Free Report) last released its earnings results 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 net margin of 17.76% and a return on equity of 18.47%. On average, analysts forecast that Lincoln National Co. will post 7.69 EPS for the current year.

Lincoln National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 5.86%. The ex-dividend date of this dividend is Thursday, April 10th. Lincoln National's payout ratio is currently 9.79%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on LNC shares. Morgan Stanley cut their price target on 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. Keefe, Bruyette & Woods cut their price objective on Lincoln National from $40.00 to $38.00 and set a "market perform" rating for the company in a research report on Wednesday, April 9th. Barclays increased their target price on Lincoln National from $36.00 to $38.00 and gave the company an "equal weight" rating in a research report on Friday, February 7th. UBS Group boosted their price target 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. Finally, Evercore ISI increased 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. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $35.91.

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.