Lincoln National Co. (LNC) Holdings Trimmed by Bremer Trust National Association
Bremer Trust National Association lessened its holdings in Lincoln National Co. (NYSE:LNC) by 4.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,898 shares of the financial services provider’s stock after selling 1,247 shares during the quarter. Bremer Trust National Association’s holdings in Lincoln National were worth $2,221,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of LNC. Rowland & Co. Investment Counsel ADV acquired a new stake in Lincoln National in the fourth quarter worth about $108,000. Sun Life Financial INC boosted its holdings in Lincoln National by 20,600.0% in the second quarter. Sun Life Financial INC now owns 1,656 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 1,648 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in Lincoln National by 8.6% in the second quarter. D.A. Davidson & CO. now owns 1,726 shares of the financial services provider’s stock worth $116,000 after acquiring an additional 136 shares in the last quarter. Valeo Financial Advisors LLC acquired a new stake in Lincoln National in the third quarter worth about $171,000. Finally, Institute for Wealth Management LLC. acquired a new stake in Lincoln National in the second quarter worth about $227,000. 80.32% of the stock is owned by institutional investors and hedge funds.
Shares of Lincoln National Co. (NYSE:LNC) traded up $0.47 during mid-day trading on Friday, reaching $84.37. The company had a trading volume of 1,390,179 shares, compared to its average volume of 1,309,178. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a market capitalization of $18,360.00, a PE ratio of 13.16, a P/E/G ratio of 1.12 and a beta of 2.01. Lincoln National Co. has a 52 week low of $61.45 and a 52 week high of $84.75.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be given a dividend of $0.33 per share. This is a boost from Lincoln National’s previous quarterly dividend of $0.29. This represents a $1.32 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Tuesday, January 9th. Lincoln National’s dividend payout ratio (DPR) is currently 20.59%.
LNC has been the subject of several research analyst reports. Zacks Investment Research cut Lincoln National from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Morgan Stanley raised their price objective on Lincoln National from $77.00 to $79.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 2nd. Citigroup restated a “buy” rating and issued a $83.00 price objective (up from $82.00) on shares of Lincoln National in a research note on Thursday, September 14th. Deutsche Bank initiated coverage on Lincoln National in a research note on Tuesday, January 2nd. They issued a “buy” rating and a $84.00 price objective for the company. Finally, Royal Bank of Canada restated a “buy” rating and issued a $86.00 price objective on shares of Lincoln National in a research note on Friday, December 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $83.27.
About Lincoln National
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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