DekaBank Deutsche Girozentrale lessened its stake in Lincoln National Corporation (NYSE:LNC) by 17.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 82,289 shares of the financial services provider’s stock after selling 17,969 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Lincoln National Corporation were worth $5,944,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of Lincoln National Corporation by 32.0% in the second quarter. JPMorgan Chase & Co. now owns 3,537,245 shares of the financial services provider’s stock worth $239,047,000 after buying an additional 857,436 shares in the last quarter. Todd Asset Management LLC raised its stake in Lincoln National Corporation by 57.5% during the second quarter. Todd Asset Management LLC now owns 705,233 shares of the financial services provider’s stock valued at $47,659,000 after purchasing an additional 257,581 shares in the last quarter. Prudential Financial Inc. raised its stake in Lincoln National Corporation by 42.2% during the second quarter. Prudential Financial Inc. now owns 961,078 shares of the financial services provider’s stock valued at $64,950,000 after purchasing an additional 285,168 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in Lincoln National Corporation by 84.2% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 544,208 shares of the financial services provider’s stock valued at $36,777,000 after purchasing an additional 248,800 shares in the last quarter. Finally, Homrich & Berg purchased a new stake in Lincoln National Corporation during the second quarter valued at $204,000. 81.03% of the stock is currently owned by hedge funds and other institutional investors.

LNC has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Lincoln National Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Citigroup Inc. reissued a “buy” rating and issued a $83.00 target price (up previously from $82.00) on shares of Lincoln National Corporation in a research note on Thursday, September 14th. Morgan Stanley increased their target price on shares of Lincoln National Corporation from $76.00 to $77.00 and gave the company an “equal weight” rating in a research note on Thursday, October 5th. Finally, BidaskClub downgraded shares of Lincoln National Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $77.00.

Lincoln National Corporation (NYSE:LNC) opened at $74.28 on Friday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.30. The company has a market cap of $16,254.62, a PE ratio of 9.81, a PEG ratio of 1.12 and a beta of 2.03. Lincoln National Corporation has a 1-year low of $61.45 and a 1-year high of $77.46.

Lincoln National Corporation (NYSE:LNC) last issued its earnings results on Wednesday, November 1st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.84 by $0.19. Lincoln National Corporation had a net margin of 10.50% and a return on equity of 11.16%. The company had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.62 billion. During the same period in the prior year, the business earned $1.89 EPS. The firm’s quarterly revenue was down .4% on a year-over-year basis. research analysts predict that Lincoln National Corporation will post 7.65 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.78%. This is a boost from Lincoln National Corporation’s previous quarterly dividend of $0.29. The ex-dividend date is Tuesday, January 9th. Lincoln National Corporation’s dividend payout ratio is presently 18.15%.

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Lincoln National Corporation Company Profile

Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The Company sells a range of wealth protection, accumulation and retirement income products and solutions, through its business segments. The Company operates through four segments: Annuities segment, which offers fixed (including indexed) and variable annuities; Retirement Plan Services segment, which provides employers with retirement plan products and services; Life Insurance segment, which focuses on the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products.

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Institutional Ownership by Quarter for Lincoln National Corporation (NYSE:LNC)

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