Quadrant Capital Group LLC lessened its holdings in shares of Lincoln National Co. (NYSE:LNC – Get Rating) by 12.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,345 shares of the financial services provider’s stock after selling 466 shares during the period. Quadrant Capital Group LLC’s holdings in Lincoln National were worth $103,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the business. Boyd Watterson Asset Management LLC OH acquired a new position in shares of Lincoln National during the fourth quarter worth approximately $26,000. EverSource Wealth Advisors LLC boosted its holdings in Lincoln National by 51.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 895 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 304 shares during the period. Achmea Investment Management B.V. bought a new stake in Lincoln National in the 1st quarter valued at $30,000. Ronald Blue Trust Inc. grew its position in Lincoln National by 134.2% in the 4th quarter. Ronald Blue Trust Inc. now owns 712 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 408 shares during the last quarter. Finally, Byrne Asset Management LLC acquired a new position in shares of Lincoln National during the fourth quarter valued at about $31,000. Institutional investors own 78.00% of the company’s stock.
Analysts Set New Price Targets
A number of research firms recently weighed in on LNC. StockNews.com assumed coverage on Lincoln National in a research report on Thursday, May 18th. They set a “sell” rating on the stock. Royal Bank of Canada lowered their price objective on Lincoln National from $31.00 to $26.00 in a research report on Thursday, May 11th. The Goldman Sachs Group reduced their target price on Lincoln National from $39.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, April 5th. JPMorgan Chase & Co. lowered their price target on shares of Lincoln National from $36.00 to $29.00 and set a “neutral” rating on the stock in a report on Tuesday, April 4th. Finally, Wells Fargo & Company reduced their price objective on shares of Lincoln National from $35.00 to $24.00 and set an “equal weight” rating for the company in a report on Wednesday, April 5th. Two research analysts have 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 MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $31.43.
Insider Buying and Selling at Lincoln National
Lincoln National Stock Performance
NYSE LNC opened at $22.49 on Friday. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of -1.17 and a beta of 1.77. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.04. Lincoln National Co. has a 1-year low of $18.50 and a 1-year high of $57.58. The company has a 50 day moving average of $21.03 and a 200-day moving average of $28.03.
Lincoln National (NYSE:LNC – Get Rating) last issued its quarterly earnings data on Tuesday, May 9th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.03. The firm had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $4.59 billion. Lincoln National had a negative return on equity of 17.09% and a negative net margin of 17.97%. The business’s revenue for the quarter was down 19.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.66 EPS. On average, equities analysts forecast that Lincoln National Co. will post 7.06 earnings per share for the current fiscal year.
Lincoln National Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 8.00%. The ex-dividend date of this dividend is Friday, July 7th. Lincoln National’s dividend payout ratio is currently -9.38%.
About Lincoln National
Lincoln National Corp. is a holding company, which operates multiple insurance and retirement businesses through its subsidiary companies. It provides advice and solutions that help empower people to take charge of their financial lives with confidence and optimism. It operates through the following segments: Annuities, Retirement Plan Services, Life Insurance, Group Protection, and Other Operations.
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