Lincoln National Co. (NYSE:LNC) Shares Sold by LSV Asset Management

LSV Asset Management decreased its position in shares of Lincoln National Co. (NYSE:LNC) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,757,276 shares of the financial services provider’s stock after selling 110,100 shares during the quarter. LSV Asset Management owned approximately 1.63% of Lincoln National worth $74,364,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Hsbc Holdings PLC grew its stake in shares of Lincoln National by 2,107.9% in the 3rd quarter. Hsbc Holdings PLC now owns 4,279,462 shares of the financial services provider’s stock valued at $105,703,000 after buying an additional 4,085,637 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in Lincoln National by 53.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 3,157,195 shares of the financial services provider’s stock worth $77,951,000 after acquiring an additional 1,098,532 shares during the last quarter. Principal Financial Group Inc. raised its position in Lincoln National by 82.1% in the third quarter. Principal Financial Group Inc. now owns 1,758,754 shares of the financial services provider’s stock valued at $43,424,000 after purchasing an additional 792,900 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Lincoln National in the 4th quarter valued at $19,350,000. Finally, International Assets Investment Management LLC grew its holdings in shares of Lincoln National by 2,549.8% during the 4th quarter. International Assets Investment Management LLC now owns 719,801 shares of the financial services provider’s stock worth $19,413,000 after purchasing an additional 692,637 shares during the period. Hedge funds and other institutional investors own 72.81% of the company’s stock.

Lincoln National Price Performance

Lincoln National stock traded up $1.17 during mid-day trading on Friday, reaching $28.10. The company had a trading volume of 1,940,141 shares, compared to its average volume of 1,703,920. The company has a market capitalization of $4.78 billion, a P/E ratio of 3.84, a P/E/G ratio of 0.18 and a beta of 1.80. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.26 and a quick ratio of 0.26. The stock’s 50-day simple moving average is $28.46 and its 200-day simple moving average is $26.58. Lincoln National Co. has a 1 year low of $18.50 and a 1 year high of $32.43.

Lincoln National (NYSE:LNC) last announced its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.13. The business had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $4.44 billion. Lincoln National had a net margin of 11.31% and a return on equity of 19.50%. On average, equities analysts predict that Lincoln National Co. will post 6.25 EPS for the current year.

Lincoln National Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th were paid a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.80 dividend on an annualized basis and a yield of 6.41%. Lincoln National’s dividend payout ratio (DPR) is 24.62%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. The Goldman Sachs Group upped their target price on shares of Lincoln National from $29.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday, January 9th. UBS Group boosted their target price on Lincoln National from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, January 10th. Piper Sandler raised their price target on Lincoln National from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. JPMorgan Chase & Co. boosted their price objective on Lincoln National from $26.00 to $29.00 and gave the company an “underweight” rating in a report on Tuesday, April 2nd. Finally, Keefe, Bruyette & Woods raised their target price on Lincoln National from $30.00 to $32.00 and gave the company a “market perform” rating in a report on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $28.45.

Insider Activity at Lincoln National

In other news, Director Owen Ryan bought 10,000 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was bought at an average price of $25.90 per share, for a total transaction of $259,000.00. Following the transaction, the director now owns 10,000 shares in the company, valued at $259,000. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.54% of the stock is owned by corporate insiders.

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.