Yousif Capital Management LLC Sells 11,970 Shares of Lincoln National Corporation $LNC

Yousif Capital Management LLC lowered its holdings in Lincoln National Corporation (NYSE:LNC) by 17.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,110 shares of the financial services provider’s stock after selling 11,970 shares during the quarter. Yousif Capital Management LLC’s holdings in Lincoln National were worth $2,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Advisors Asset Management Inc. purchased a new position in Lincoln National in the 2nd quarter worth about $28,000. Ameritas Advisory Services LLC purchased a new position in shares of Lincoln National during the second quarter valued at approximately $29,000. Friedenthal Financial purchased a new position in shares of Lincoln National during the second quarter valued at approximately $42,000. Hantz Financial Services Inc. lifted its position in Lincoln National by 3,927.0% during the second quarter. Hantz Financial Services Inc. now owns 1,490 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 1,453 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in Lincoln National by 57.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,526 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 555 shares during the last quarter. 72.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. UBS Group boosted their target price on shares of Lincoln National from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Piper Sandler upped their price objective on Lincoln National from $42.00 to $48.00 and gave the company a “neutral” rating in a research report on Tuesday. Evercore ISI increased their target price on Lincoln National from $45.00 to $46.00 and gave the company an “in-line” rating in a report on Thursday, October 9th. Keefe, Bruyette & Woods boosted their price target on Lincoln National from $43.00 to $44.00 and gave the company a “market perform” rating in a research note on Monday, November 3rd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Lincoln National in a research report on Monday, December 15th. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $47.17.

Lincoln National Stock Performance

NYSE:LNC opened at $45.73 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a 50-day simple moving average of $42.06 and a two-hundred day simple moving average of $39.42. The firm has a market capitalization of $8.69 billion, a PE ratio of 4.11, a P/E/G ratio of 0.46 and a beta of 1.33. Lincoln National Corporation has a 52-week low of $27.58 and a 52-week high of $46.71.

Lincoln National (NYSE:LNC) last posted its quarterly earnings data on Thursday, October 30th. The financial services provider reported $2.04 EPS for the quarter, topping the consensus estimate of $1.84 by $0.20. The firm had revenue of $4.56 billion for the quarter, compared to the consensus estimate of $4.80 billion. Lincoln National had a return on equity of 18.77% and a net margin of 11.49%.During the same quarter last year, the company earned $2.06 earnings per share. Analysts forecast that Lincoln National Corporation will post 7.69 EPS for the current year.

Lincoln National Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, January 12th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, January 12th. This represents a $1.80 annualized dividend and a yield of 3.9%. Lincoln National’s payout ratio is currently 16.16%.

Insider Buying and Selling

In other news, EVP John Christopher Kennedy sold 3,519 shares of the stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $44.15, for a total value of $155,363.85. Following the completion of the sale, the executive vice president directly owned 118,985 shares of the company’s stock, valued at $5,253,187.75. This represents a 2.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Owen Ryan bought 2,000 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were purchased at an average price of $42.17 per share, for a total transaction of $84,340.00. Following the purchase, the director owned 12,000 shares in the company, valued at $506,040. This represents a 20.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.51% of the company’s stock.

About Lincoln National

Lincoln National Corporation, doing business as Lincoln Financial Group, is a diversified financial services holding company focused on providing retirement, insurance, and wealth management solutions in the United States and select international markets. Headquartered in Radnor, Pennsylvania, the company operates through several business segments, including Retirement Plan Services, Life Insurance, and Group Protection. Its offerings are designed to help individuals, families, and institutions plan and prepare for their financial futures.

The Retirement Plan Services segment delivers recordkeeping, administrative services, and investment management for defined contribution and defined benefit plans.