HL Financial Services LLC trimmed its stake in shares of Lincoln National Co. (NYSE:LNC) by 14.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,542 shares of the financial services provider’s stock after selling 785 shares during the quarter. HL Financial Services LLC’s holdings in Lincoln National were worth $349,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in LNC. Rowland & Co. Investment Counsel ADV acquired a new position in Lincoln National in the 4th quarter valued at approximately $108,000. D.A. Davidson & CO. increased its position in Lincoln National by 8.6% in the 2nd quarter. D.A. Davidson & CO. now owns 1,726 shares of the financial services provider’s stock valued at $116,000 after acquiring an additional 136 shares during the period. Cerebellum GP LLC acquired a new position in Lincoln National in the 4th quarter valued at approximately $123,000. Resources Investment Advisors Inc. increased its position in Lincoln National by 125.0% in the 4th quarter. Resources Investment Advisors Inc. now owns 1,800 shares of the financial services provider’s stock valued at $138,000 after acquiring an additional 1,000 shares during the period. Finally, Valeo Financial Advisors LLC acquired a new position in Lincoln National in the 3rd quarter valued at approximately $171,000. Institutional investors and hedge funds own 80.58% of the company’s stock.

Several equities analysts have issued reports on LNC shares. Barclays restated a “buy” rating and issued a $90.00 price target on shares of Lincoln National in a research report on Tuesday, January 9th. Royal Bank of Canada restated a “buy” rating and issued a $86.00 price target on shares of Lincoln National in a research report on Friday, December 8th. Morgan Stanley upped their price target on shares of Lincoln National from $77.00 to $79.00 and gave the company an “equal weight” rating in a research report on Thursday, November 2nd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $89.00 price target on shares of Lincoln National in a research report on Friday, December 22nd. Finally, Zacks Investment Research upgraded shares of Lincoln National from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a research report on Monday, January 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $83.27.

In related news, CFO Randal J. Freitag sold 31,657 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $84.32, for a total transaction of $2,669,318.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Dennis R. Glass sold 102,367 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $84.71, for a total transaction of $8,671,508.57. The disclosure for this sale can be found here. Over the last three months, insiders have sold 141,324 shares of company stock worth $11,961,400. 1.12% of the stock is owned by insiders.

Shares of Lincoln National Co. (NYSE:LNC) opened at $78.51 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.10 and a quick ratio of 0.11. Lincoln National Co. has a 12 month low of $61.45 and a 12 month high of $86.68. The company has a market cap of $17,193.43, a price-to-earnings ratio of 10.10, a PEG ratio of 1.15 and a beta of 1.96.

Lincoln National (NYSE:LNC) last posted its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.98 EPS for the quarter, beating the Zacks’ consensus estimate of $1.94 by $0.04. Lincoln National had a net margin of 14.48% and a return on equity of 10.86%. The company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same period in the prior year, the firm posted $1.77 EPS. The company’s quarterly revenue was up 7.3% on a year-over-year basis. sell-side analysts anticipate that Lincoln National Co. will post 8.54 earnings per share for the current year.

Lincoln National declared that its Board of Directors has initiated a stock buyback program on Friday, January 19th that authorizes the company to buyback outstanding shares. This buyback authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

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Lincoln National 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 (NYSE:LNC)

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