Quantbot Technologies LP Sells 198,278 Shares of Lincoln National Corporation $LNC

Quantbot Technologies LP lowered its holdings in Lincoln National Corporation (NYSE:LNC) by 70.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 83,321 shares of the financial services provider’s stock after selling 198,278 shares during the quarter. Quantbot Technologies LP’s holdings in Lincoln National were worth $3,360,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisors Asset Management Inc. bought a new position in shares of Lincoln National in the second quarter valued at about $28,000. Salomon & Ludwin LLC acquired a new stake in Lincoln National in the 3rd quarter valued at about $32,000. Mather Group LLC. bought a new position in shares of Lincoln National in the third quarter worth about $39,000. CoreCap Advisors LLC raised its stake in shares of Lincoln National by 372.1% in the third quarter. CoreCap Advisors LLC now owns 1,100 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 867 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its position in shares of 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 worth $52,000 after purchasing an additional 1,453 shares in the last quarter. 72.81% of the stock is currently owned by institutional investors and hedge funds.

Lincoln National Stock Up 0.6%

NYSE:LNC opened at $34.51 on Tuesday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.59. Lincoln National Corporation has a 12-month low of $27.58 and a 12-month high of $46.82. The stock’s fifty day simple moving average is $41.40 and its 200-day simple moving average is $41.34. The firm has a market capitalization of $6.56 billion, a P/E ratio of 6.50, a P/E/G ratio of 1.54 and a beta of 1.30.

Lincoln National (NYSE:LNC) last released its quarterly earnings data on Thursday, February 12th. The financial services provider reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.35. Lincoln National had a return on equity of 18.52% and a net margin of 6.46%.The business had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter in the prior year, the company posted $1.91 earnings per share. The firm’s revenue was down 2.8% on a year-over-year basis. Equities research analysts expect that Lincoln National Corporation will post 7.69 earnings per share for the current year.

Lincoln National Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Friday, April 10th. Lincoln National’s dividend payout ratio (DPR) is currently 33.90%.

Analysts Set New Price Targets

A number of analysts recently weighed in on LNC shares. Piper Sandler raised their price target on shares of Lincoln National from $42.00 to $48.00 and gave the company a “neutral” rating in a report on Tuesday, December 23rd. Keefe, Bruyette & Woods lifted their target price 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. Zacks Research downgraded Lincoln National from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 4th. Morgan Stanley decreased their price target on Lincoln National from $54.00 to $50.00 and set an “overweight” rating on the stock in a report on Monday, February 23rd. Finally, Wells Fargo & Company upgraded Lincoln National from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $41.00 to $48.00 in a research report on Wednesday, February 25th. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Lincoln National has an average rating of “Hold” and a consensus price target of $46.58.

Insider Activity

In other Lincoln National news, EVP James Waltman Reid sold 3,050 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $41.81, for a total value of $127,520.50. Following the sale, the executive vice president directly owned 118,567 shares in the company, valued at approximately $4,957,286.27. This trade represents a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John Christopher Kennedy sold 3,519 shares of Lincoln National stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $44.15, for a total transaction of $155,363.85. Following the transaction, the executive vice president directly owned 118,985 shares in the company, valued at approximately $5,253,187.75. This represents a 2.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 16,569 shares of company stock worth $627,484 over the last quarter. 0.54% of the stock is owned by insiders.

Lincoln National Profile

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.