Alaska Permanent Fund Corp Trims Position in Lincoln National Co. (NYSE:LNC)

Alaska Permanent Fund Corp lessened its stake in Lincoln National Co. (NYSE:LNC) by 0.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 100,170 shares of the financial services provider’s stock after selling 730 shares during the quarter. Alaska Permanent Fund Corp’s holdings in Lincoln National were worth $2,702,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Financial Gravity Asset Management Inc. boosted its stake in Lincoln National by 3,930.8% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 1,048 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 1,022 shares in the last quarter. CVA Family Office LLC purchased a new stake in Lincoln National in the 4th quarter worth $37,000. Highlander Capital Management LLC increased its holdings in Lincoln National by 200.0% in the 4th quarter. Highlander Capital Management LLC now owns 1,500 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 1,000 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Lincoln National by 115.2% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,752 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 938 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Lincoln National by 47.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 571 shares in the last quarter. 72.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LNC has been the subject of several recent analyst reports. Keefe, Bruyette & Woods boosted their price target on shares of Lincoln National from $30.00 to $32.00 and gave the stock a “market perform” rating in a report on Wednesday, April 10th. TheStreet lowered shares of Lincoln National from a “c” rating to a “d+” rating in a report on Thursday, February 8th. Evercore ISI upped their target price on shares of Lincoln National from $33.00 to $35.00 and gave the stock an “in-line” rating in a report on Thursday, April 11th. Wells Fargo & Company upped their target price on shares of Lincoln National from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Thursday, April 11th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Lincoln National from $26.00 to $29.00 and gave the company an “underweight” rating in a research report on Tuesday, April 2nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $28.45.

Lincoln National Stock Down 2.6 %

Lincoln National stock traded down $0.75 during midday trading on Thursday, reaching $27.90. 110,573 shares of the company were exchanged, compared to its average volume of 1,864,684. The firm’s 50-day simple moving average is $28.41 and its 200-day simple moving average is $26.38. Lincoln National Co. has a 1 year low of $18.50 and a 1 year high of $32.43. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.96.

Lincoln National (NYSE:LNC) last posted its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.13. The firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Lincoln National had a positive return on equity of 20.81% and a negative net margin of 6.46%. On average, research analysts forecast that Lincoln National Co. will post 6.47 EPS for the current year.

Lincoln National Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.45%. The ex-dividend date is Tuesday, April 9th. Lincoln National’s dividend payout ratio is currently -36.07%.

Insider Activity

In related news, Director Owen Ryan purchased 10,000 shares of Lincoln National stock in a transaction that occurred on Friday, February 9th. The shares were purchased at an average cost of $25.90 per share, with a total value of $259,000.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $259,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.54% of the company’s stock.

Lincoln National Profile

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.